You people, always with the Solyndra, Solyndra, Solyndra, Solyndra, Solyndra . . . The DOE’s Loan Guarantee Program, “when judged by its entire diverse portfolio of investments, has performed remarkably well. Indeed, with a capitalization of just $4 billion, DOE has committed or closed $37.8 billion in loan guarantees for 36 innovative clean energy projects. The Solyndra case represents less than 2% of total loan commitments made by DOE, and will be easily covered by a capitalization of eight to ten times larger than any ultimate losses expected following the bankruptcy proceedings.”And: “While Solyndra is shutting its doors, companies like SunPower, First Solar, and Brightsource Energy, which also received loan guarantees, are industry leading success stories.”And: “In 2010 the China Development Bank provided more than $30 billion in loans to Chinese solar manufacturers. China’s large clean energy investments have helped reduce the price of their solar cells by 42%, which was one factor in Solyndra’s inability to compete.”Parrot-people need to turn off the Noise and start rooting for the future of this country.
You people, always with the Solyndra, Solyndra, Solyndra, Solyndra, Solyndra . . . The DOE’s Loan Guarantee Program, “when judged by its entire diverse portfolio of investments, has performed remarkably well. Indeed, with a capitalization of just $4 billion, DOE has committed or closed $37.8 billion in loan guarantees for 36 innovative clean energy projects. The Solyndra case represents less than 2% of total loan commitments made by DOE, and will be easily covered by a capitalization of eight to ten times larger than any ultimate losses expected following the bankruptcy proceedings.”And: “While Solyndra is shutting its doors, companies like SunPower, First Solar, and Brightsource Energy, which also received loan guarantees, are industry leading success stories.”And: “In 2010 the China Development Bank provided more than $30 billion in loans to Chinese solar manufacturers. China’s large clean energy investments have helped reduce the price of their solar cells by 42%, which was one factor in Solyndra’s inability to compete.”Parrot-people need to turn off the Noise and start rooting for the future of this country.