• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Solyndra

    Abound Solar Collapse Could Leave Taxpayers on the Hook for Shortfall

    Abound Solar’s June bankruptcy could leave the residents of Weld County, CO, on the hook if court proceedings do not deliver the projected business personal property tax receipts anticipated before the company’s demise. The Greeley Tribune reports: Abound owes more than $950,000 in property taxes this year and will owe … More

    Morning Bell: Solyndra Revelations Show It's Time to Close the "Bank of Washington"

    “The Bank of Washington continues to help us!” bragged Solyndra CEO Chris Gronet in emails released last week. An investigation by the House Energy and Commerce Committee revealed that Solyndra—the solar company that went under, taking more than $600 million in taxpayer funds with it—wasn’t ever supposed to be an … More

    The 10 Most Revealing Solyndra Emails

    On Thursday, the House Energy and Commerce Committee released a bombshell report detailing its investigation into bankrupt solar company Solyndra. Along with the report, the committee released a trove of emails between Solyndra stakeholders and administration officials. They paint a troubling picture of efforts to prop up the company despite its … More

    Solyndra CEO Called the Federal Government the 'Bank of Washington'

    From today’s House Energy and Commerce Committee report on the Department of Energy’s Solyndra loan guarantee comes this startling revelation: Chris Gronet, the CEO of Solyndra, referred to the federal government as the “Bank of Washington,” adding, “it continues to help us.” The report underscores the degree to which the … More

    White House Officials: DOE Concerned With 'Optics' in Solyndra Loan

    When the Energy Department set out to restructure the federal loan for now-bankrupt solar company Solyndra, White House budget staffers insisted that allowing the company to go bankrupt and liquidating its assets would provide greater returns for the taxpayer than the deal DOE had struck with the company’s private investors. … More

    Abound Solar: Doomed to Fail Because of Election-Year Politics, Investor Says

    One of Abound Solar’s venture capital investors blamed election-year political games for the collapse of the Colorado-based thin film solar panel manufacturer, according to a new interview. John Hill, discussing the demise of a company and technology he invested in both financially and emotionally, acknowledged that the company’s troubles could … More

    Morning Bell: The Green Graveyard of Taxpayer-Funded Failures

    Solar-cell manufacturer Solyndra became a household name when it collapsed, taking $627 million in American taxpayer dollars with it. It’s the poster company for the government picking winners and losers—or really, just losers—in the energy market. But there are 12 more “green energy” losers that have declared bankruptcy despite attempts … More

    Study Shows ROI on Solar Energy Tax Credit, But Ignores Bankruptcies

    Proponents of taxpayer support for green energy are touting a new study claiming that tax credits for solar companies will pay for themselves over the long run. The problem: the study, conducted by the U.S. Partnership for Renewable Energy Finance, assumes that solar companies that enjoy the tax breaks in … More

    "No More Solyndras Act" Shows Addiction to Energy Subsidies Is a Bipartisan Problem

    The latest political squabbling over the No More Solyndras Act is a reminder that politically entrenched energy subsidies enjoy bipartisan support. The No More Solyndras Act prohibits any new loan guarantees from Title XVII of the Energy Policy Act of 2005. For applications that are already under consideration or have … More

    Solyndra-Linked Executive to Lead Pentagon's Advanced Tech Agency

    A venture capital executive with ties to defunct solar company Solyndra has been hired as the new chief of the Defense Department program heading up the Pentagon’s renewable energy push. Arati Prabhakar, a former partner at U.S. Venture Partners, a Silicon Valley-based venture capital firm that backed Solyndra, has been … More