Department of Energy
Top executives from a bankrupt Fremont-based solar energy company have declined to testify before a congressional hearing investigating their half-billion dollar government loan.
Federal analysts looking at a proposed loan to a Bay Area solar energy company in 2009 warned then of possible problems, as well as pressure from the White House to speed up a decision, according to a memorandum released by a Congressional committee.
A congressional memorandum indicates that even as the executives of a solar energy company assured members of Congress that their finances were improving, a different story was being prepared behind the scenes.
FREMONT (KCBS) – While many venture capitalists remain bullish about solar companies, a Republican call for further investigation of how bankrupt Solyndra spent millions in federal loans could mean less public money for the solar […]