Abound Solar, propped up by tens of millions of dollars in federal loans that remain unpaid, acknowledged defects in the solar panels it was selling before the Colorado company went bankrupt, according to a customer.
Government officials blame unfair competition from China for the collapse of solar panel manufacturer Solyndra, but such concerns didn't stop the federal government from breaking stimulus program rules to use Chinese solar panels atop a federal building housing the offices of a senator, congressman and several agencies.
Former top officials of federally backed Abound Solar told a House subcommittee July 18 that subsidies from China caused the company's collapse, while Republicans pressed a former government loan official about whether he used his personal email account to skirt records laws while discussing clean energy projects.
Former top officials of federally backed Abound Solar told a House subcommittee Wednesday that subsidies from China caused the company's collapse, while Republicans pressed a former government loan official about whether he used his personal email account to skirt records laws while discussing clean energy projects.
As much of the nation broils under the merciless July sun, the Obama administration can't resist the urge to burn cash on "green" energy projects. Each time one of these solar-energy firms flames out, American taxpayers get singed. Even a sundial would indicate it's quitting time.
Abound Solar told a House subcommittee July 18 that subsidies from China caused the company's collapse, while Republicans pressed a former government loan official about whether he used his personal email account to skirt records laws while discussing clean energy projects.
Officials for solar firm tell House China subsidies were key to collapse →
