Solar power company banks on loan, but skeptics question government investment in industry
From Dan Springer's article on Fox News:
But William Yeatman of the Competitive Enterprise Institute says the Energy Department's green loan program created with federal stimulus money has been a failure by any measure. Congress appropriated $4.5 billion for it. Solar panel bankruptcies alone have cost taxpayers $600 million and if SoloPower stumbles, the losses will go even higher. A fourth company, 1366 Technologies, received a $150 million loan but has not even built its manufacturing plant yet.
Yeatman has little faith in SoloPower: "It looks like it will fail for the same reasons as Solyndra."