Obama Goverment Solar Panel

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

Obama goverment solar panel.

Department of agriculture usda u s. In 2009 the california based green energy solar panel manufacturer solyndra received a 535 million loan. Solyndra a california based manufacturer of rooftop solar panels opened in 2005 and in 2009 became the obama administration s first recipient of an energy loan guarantee to the tune of 535 million meant to help minimize the risk to venture capital firms that were backing the solar start up. President obama exaggerated when defending his administration s approval of a 535 million loan guarantee to solyndra a now defunct solar company.

5 directing the federal government and all its entities to source 20 percent of their energy from renewable energy like solar power wind and other sources by the end of the decade. Department of housing and urban development hud and the environmental protection agency epa to support greater solar deployment. 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. Obama referred to solyndra s loan at an oct.

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. President barack obama d issued a presidential memorandum on dec. Barack obama was not vetted before being elected president and neither was solyndra before mr.

The second company is abound solar manufacturing which will manufacture. The stimulus funded loan which was originally applied for in 2006 under the bush administration was guaranteed by the department of energy. The move was hailed by conservation organizations as well as renewable energy advocates. 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.