Trump’s Team Urges Freeze to Program That Aided Solyndra
- Trump advisers call for review of Energy Department guarantees
- Loan program helped wind and solar farms, nuclear construction
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President Donald Trump’s advisers have recommended the Energy Department freeze and consider ending a loan program that famously backed the failed solar panel maker Solyndra LLC, according to two people familiar with the plan.
A memo prepared by Trump’s transition team for Energy secretary nominee Rick Perry calls for a halt to new loan guarantees while the department determines what should be done with more than $25 billion still available for use, the people said. That would give the administration time to determine whether the program, initially created in legislation signed by then-President George W. Bush, should be shut down entirely.