Solyndra Bankruptcy May Blunt Obama’s Renewable Energy Drive
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Solyndra LLC’s bankruptcy threatens to curb government incentives championed by the Obama administration to build a renewable energy industry in the U.S.
Solyndra, a solar-panel manufacturer that received about $527 million in federal loan guarantees, shut down on Aug. 31, then filed for bankruptcy protection on Sept. 6. The House Energy and Commerce Committee has scheduled a hearing tomorrow on the award and the Federal Bureau of Investigation raided the company’s Fremont, California, offices two days after the bankruptcy court filing.