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Keyword: solarfirm

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  • Jobs Panel Member Whose Solar Firm Won Loan Guarantees Raises 'Conflict of Interest' Concerns

    11/01/2011 10:16:41 AM PDT · by Nachum · 6 replies
    Fox News ^ | 11/1/11 | By Judson Berger
    A clean-energy firm led by a member of President Obama's jobs council has a stake in projects that have reaped nearly $2 billion in loan guarantees from Washington, a case that has raised conflict-of-interest concerns as the same jobs council pushes for more "government-backed" investment in renewable energy. The company, NextEra Energy, secured a loan guarantee in August for a solar project in California. An affiliate has taken over another California project that won a separate guarantee in September. The firm is no lightweight -- NextEra Energy Resources, the subsidiary working on both solar projects, is the biggest producer of...
  • Solar Firm That Received $1.2 Billion Federal Loan Plagued by Financial Problems (SunPower Corp.)

    10/12/2011 5:39:02 PM PDT · by SeekAndFind · 18 replies
    Fox News ^ | 10/12/2011 | Stephen Clark
    With the Solyndra scandal still swirling, the Obama administration is under pressure to reveal the financial condition of the solar companies that received $4.75 billion in similar federal loan guarantees on the last day of the program. Republican lawmakers on two House committees are seeking details about the loans given to First Solar, SunPower Corp. and ProLogis. Of those three companies, troubling financial revelations have emerged about SunPower, which received a $1.2 billion loan, more than twice the money approved for Solyndra, which filed for bankruptcy last month after receiving a $528 million loan. The Energy Department says on its...