Solar Panel Shut Downs Under Obama

Most on the right claim president obama pushed his green agenda with a blatant disregard for the california solar company s lack of financial health.

Solar panel shut downs under obama.

Depending on which side of the political aisle they originate opinions vary on whether the solyndra controversy is a scandal that can be fully attributed to barack obama. A new government report brings it back with a sort of explanation. The abound solar plant which got 400 million in federal loan guarantees in 2010 when the obama administration sought to use stimulus funds to promote green energy filed for bankruptcy two years. Solar startup solyndra went bankrupt and swindled the us government out of more than a half a billion dollars as well.

A 1 billion solar plant was obsolete before it ever went online solarreserve s crescent dunes received backing from citigroup and the obama energy department but couldn t keep pace with. Obama but none you have backed have succeeded. Solyndra was a manufacturer of cylindrical panels of copper indium gallium selenide cigs thin film solar cells based in fremont california although the company was once touted for its unusual technology plummeting silicon prices led to the company s being unable to compete with conventional solar panels made of crystalline silicon. Obama sharply disagrees and used the world s largest solar power plant of its kind with one million solar panels dotting the desert here to assert it is his critics who are out of touch with reality.

Its eventual collapse recalls other ill fated obama era investments in green energy including the 500 million bilked out of federal coffers by failed solar panel startup solyndra. President barack obama has put public lands at the center of his administration s climate plan telling the interior department to approve 20 000 megawatts of solar wind and geothermal energy. This is not the first solar company that originated during the obama administration and benefited from government subsidies in the process.