DoE hands out $1bn in loan guarantees, as Solyndra scandal rumbles on

Date: 3 October 2011
Source: http://www.businessgreen.com
Two solar plants finalise deals before end of week deadline, as details emerge of bankrupt Solyndra's whistling robotsThe US Department of Energy (DoE) finalised two loan guarantees worth a combined $1bn yesterday, as scrutiny over its backing for now-bankrupt solar company Solyndra continued to intensify.

The high-profile loan programme ends on Friday, and the government is taking steps to close some $9bn worth of deals and yesterday agreed a $337m loan guarantee to the Mesquite Solar 1 project and a $737m loan guarantee to support Tonopah Solar Energy's pioneering Crescent Dunes project.

Read the full story: www.businessgreen.com/bg/news/2112891/doe-hands-usd1bn-loan-guarantees-solyndra-scandal-rumbles

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