Solar manufacturer Solyndra is in the news for all the wrong reasons these days. Not long after Solyndra filed Chapter 11 and terminated 1,100 workers, the company, which received a $535 million federal loan guarantee from the DOE to build a new facility, got an early-morning visit from FBI agents with search warrants at its Fremont, Calif., headquarters.
The Silicon Valley/San Jose Business Journal reported that, “That loan and ties to President Barack Obama have become embarrassing to the White House, providing critics of its energy policies with ammunition. When Obama toured Solyndra’s plant last year, he said, ‘The true engine of economic growth will always be companies like Solyndra.’”