Stock Price:
Home › Loan Guarantee

The Solyndra Bankruptcy: Scandal or Casualty of Market Competition?

2011-10-03 - [Solar] - John Landers        

When U.S. solar manufacturer Solyndra LLC, announced it was closing its doors and releasing 1,100 full and temporary workers, nowhere was the reverberations heard louder than in the Obama White House. President Obama has been receiving ongoing criticism for his relationship to the major investor in Solyndra -- George Kaiser of Argonaut Private Equity. Kaiser worked as a major fundraiser for the Obama presidential campaign.

U.S. Loan Guarantee Program: Supporting America’s Fastest Growing Industry

2011-07-08 - [Solar] - John Landers        

June was a busy month for the U.S. Department of Energy (DOE). The DOE awarded over $9 billion in coveted loan guarantees to ten firms. Half of the guarantees announced, $4.5 billion, went to three different thin film photovoltaic generation projects sponsored by thin film leader First Solar (FSLR) of Tempe, Arizona. Due to limited funds, and a looming expiration date of September 30, 2011 for the popular Section 1705 component of the program, many projects will not receive loan guarantees, which could help lower the financing cost of their developments.

Large-Scale U.S. Solar Projects: Critical Financial Incentive Program Set to Expire

2011-05-25 - [Solar] - John Landers        

Large-Scale U.S. Solar Projects:  Critical Financial Incentive Program Set to Expire

As part of the American Recovery and Reinvestment Act of 2009, the U.S. Congress modified the U.S. Department of Energy Loan Guarantee Program by adding Section 1705. Originally intended as a “temporary “program to help jump start the American economy after the financial crisis of 2008, Section 1705 provides loan guarantees to developers of  solar, and other qualified renewable energy (RE) systems.

Syndicate content