As the United States continues to move toward developing cleaner and more reliable sources of energy, President Obama’s administration has decided to give Solyndra Inc., a manufacturer of solar power systems, a $535 million loan. The money will go toward the construction of a photovoltaic power manufacturing plant which will eventually employ 1,000 people.
 
The money for the loan guarantee will come from Obama’s economic stimulus plan that was put into effect by President Obama in February. The offer was originally extended to Solyndra on the condition that the energy company would secure its own end of the financing offer and …read more

Evergreen Solar, a company in the solar panel industry that makes and markets silicon wafers, has announced that they are selling more than $65 million worth of common stock. In total, Evergreen Solar will make 37 million shares available at a price tag of $1.80 per share.
The company said that part of the money will be used for many purpose. First, part of the money will be used to purchase equipment in their Midland, Michigan factory. Second, the money could go toward paying money to a joint venture. Next, the money is intended to be used to build a wafer …read more

I’ve seen far too many “green” houses that are anything but friendly to the environment.