Solar power company banks on loan, but skeptics question government investment in industry

Solar power company banks on loan, but skeptics question government investment in industry

September 30, 2012
Originally published in Fox News

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."