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By Liz Enbysk
SGN Managing Editor
The FBI told reporters covering the story that everything is "under seal," but the San Jose Mercury News quoted a Solyndra spokesman speculating that the raid had something to do with the DOE loan guarantee. About 1,000 employees of the solar manufacturing company were laid off last week.
The Solyndra story, of course, raised all sorts of questions about the loan guarantee and pointed fingers at an already beleaguered Obama Administration. Turns out the President had toured the Bay Area Solyndra plant last year.
No let up in DOE awards
But so far, the Solyndra fallout hasn't put the skids on DOE spending. Since Sept. 1, Energy Secretary Chu has announced:
· More than $145 million for advanced solar energy technologies
· Nearly $17 million for R&D projects to advance hydropower technologies
· A $344 million loan supporting large-scale rooftop solar for U.S. military housing
· $43 million to spur offshore wind energy
· Up to $38 million to advance technology and reduce cost of geothermal energy
· Awards to advance EVs and workforce training in advanced vehicle development
Is there a lesson learned in the wake of what's happened with Solyndra? Should government loan guarantees to private companies be discontinued? Was the hurry-up mantra of stimulus spending back in 2009 somehow at fault? Use the Talk Back form below to register your opinion.
From the SGN archives …
Sept. 8, 2009: DOE picks solar panel maker Solyndra for First Recovery Act loan guarantee: $535 million
Nov. 4, 2010: Solar market competition forces panel maker Solyndra into cutbacks, layoffs
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