↓ Expand ↓
» About This Blog

The Long Tail of Solyndra

The Solyndra bankruptcy debacle may haunt U.S. support for renewable energy for a long time. It’s been four weeks since news broke that the CIGS-in-a-tube operation would shut its doors, and the debate and recriminations seem to be growing louder with each passing day.

Congress and the press are asking some probing questions. Was the company and its technology properly vetted by the Department of Energy? Was political or other pressure applied to the process to make it go faster? More broadly, some are asking if the administration’s plans for clean energy are just a waste of money.

C&EN’s Jeff Johnson reported on these questions from a Sept. 14 Congressional hearing about Solyndra. He points out that the Solyndra loan – issued back in 2009 – was the first loan to come out of a program created by Congress during the Bush administration. While Congress looks in to the particulars about the Solyndra application, it would be difficult to argue that the loan program itself was too speedily implemented.

The New York Times reported from a House subcommittee meeting on Sept. 23 that Solyndra officials took the Fifth Amendment to avoid having to answer questions about the company. Members on both sides of the aisle were displeased with the firm, but Republicans were especially harsh, the paper reports.

Representative Michael C. Burgess, Republican of Texas, linked the Solyndra bankruptcy to current negotiations about the Federal Budget. The House had voted to cut loan guarantees for electric cars. As quoted in the Times, he explained:

“Yes, we took that money back,” Mr. Burgess said. “If the D.O.E. is going to be chumps, the very least we can do is corral what they’re doing.”


No Comments

Ping RSS

Leave a Reply