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Solyndra is a manufacturer of cylindrical panels of CIGS thin-film solar cells. It is based in Fremont, California. On August 31, 2011, the company announced that it is suspending operations and plans to file for Chapter 11 bankruptcy. - Source: Wikipedia
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Solyndra also claimed it could charge more than other solar panel manufacturers because its panels were less expensive to install, and built those higher prices into its plan.
Solyndra misled government to get $535M solar project loan: report →
"While many of its efforts in the loan guarantee arena have been successful in advancing new technologies and expanding energy markets, another experience similar to the Solyndra affair could seriously undermine the program and its goals, perhaps even leading to its termination," the audit said.
Solyndra lied to government to secure Obama stimulus cash, IG report finds →
