Watchdog finds solar energy loan was ‘rushed’

April 7, 2012 by  
Filed under Green Energy News

Administration officials have defended the loan restructuring, saying that without an infusion of cash, Solyndra would likely have faced immediate bankruptcy, putting more than 1,000 people out of work. Even with the federal help, Solyndra closed its doors Aug. 31, 2011, and let all its workers go.

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