President Obama, $535 million taxpayer-backed loan guarantee from the stimulus package, Solyndra Inc.

The Sun is Shining on Solar Subsidies in California Today

By Institute for Energy Research —— Bio and Archives--May 27, 2010

Global Warming-Energy-Environment | Comments | Back To Full Article

Washington, DC – This afternoon President Obama will visit Solyndra Inc., a solar panel manufacturing facility in Freemont, California that received a $535 million taxpayer-backed loan guarantee from the stimulus package. This facility employs 1000 workers and has the ability to build 230 megawatts of solar panel capacity per year.

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