Solar Power World

Solyndra’s sticky situation

I’m sure by now everyone’s heard of the sticky Solyndra situation. The California solar panel manufacturer received more than $500 million in federal loans, according to  CBS News, a couple of  years ago. However, the FBI is searching the company’s files for criminal behavior after Solyndra filed bankruptcy. Many Republicans are criticizing the Obama administration for wasting taxpayer’s dollars on a too-risky investment. However, many Democrats defend... Read More

U.S. Government Pledges $2 Billion For Solar Energy Development

On July 3rd the U.S. President Obama announced that the U.S. Department of Energy will invest nearly 2 billion U.S. dollars to subsidize two companies to build solar power plants to support the development of the U.S. solar industry and increase employment. Obama said this fund will come from the total 8620 billion of economic stimulus package, Abengoa Solar will receive 1.45 billion U.S. dollars of loan guarantees for construction in Arizona called “Solana” ... Read More