Obama Administration Offers $535 Million Loan Guarantee to Solar panel maker Solyndra, Inc.
Investment Could Lead to Thousands of New Jobs
Washington, DC – March 20, 2009
Source: US Dept of Energy, press release
http://www.energy.gov/news2009/7078.htm
Energy Secretary Steven Chu today offered a $535 million loan guarantee for Solyndra, Inc. to support the company’s construction of a commercial-scale manufacturing plant for its proprietary cylindrical solar photovoltaic panels. The company expects to create thousands of new jobs in the U.S. while deploying its solar panels across the U.S. and around the world. (more…)