Obama Goverment Solar Panel

The move was hailed by conservation organizations as well as renewable energy advocates.

Obama goverment solar panel.

In 2009 the california based green energy solar panel manufacturer solyndra received a 535 million loan. President barack obama d issued a presidential memorandum on dec. The stimulus funded loan which was originally applied for in 2006 under the bush administration was guaranteed by the department of energy. Barack obama was not vetted before being elected president and neither was solyndra before mr.

President obama exaggerated when defending his administration s approval of a 535 million loan guarantee to solyndra a now defunct solar company. A 1 billion solar plant was obsolete before it ever went online solarreserve s crescent dunes received backing from citigroup and the obama energy department but couldn t keep pace with. Solyndra the solar panel manufacturer who took more than 500 million from president obama s stimulus then went bust sticking taxpayers for the loss lied to federal officials to secure the loan. President obama touted abound in a july 3 2010 announcement of a 2 billion investment in green energy projects.

Department of energy doe u s. Obama referred to solyndra s loan at an oct. Solar powering america is an interagency initiative between the u s. Obama gave 500 000 000 that s a half billion in taxpayer money to solyndra who shut its doors and laid off 1100 workers in august 2011 after billions in losses due to failure to make a solar product that works.

The second company is abound solar manufacturing which will manufacture. Department of housing and urban development hud and the environmental protection agency epa to support greater solar deployment. Key events in solyndra. Since the failure of solar panel company solyndra president obama s 80 billion clean technology program has begun to look like a political liability.

Obama threw that taxpayer money down the drain of unproven technology.