New Hampshire, U.S.A. -- SolarCity officials said late Friday that their contract to install solar panels on military bases in 33 states could be derailed because of the ongoing investigation with the Solyndra bankruptcy.
SolarCity recently announced its $1 billion SolarStrong project, backed by a $344 million Department of Energy loan guarantee, that would allow the company to install 160,000 photovoltaic systems on military bases within the next five years. The program would be the largest of its kind in the United States, and is part of the growing partnership between the renewable energy industry and the military.
According to the company, all the required paperwork was submitted to finalize the loan before the Sept. 30 deadline. But SolarCity received word from the DOE late this week that the department would be unable to process the paperwork because of more stringent requirements set in place after the start of the Solyndra investigation.
The company has sent a letter to Rep. Fred Upton requesting the deadline be extended. The Michigan Republican has been among the most vocal critics of the Solyndra deal and the loan program in general.
http://www.renewableenergyworld.com/rea/news/article/2011/09/solarcity-doe-loan-in-jeopardy-beca use-of-solyndra-investigation
SolarCity recently announced its $1 billion SolarStrong project, backed by a $344 million Department of Energy loan guarantee, that would allow the company to install 160,000 photovoltaic systems on military bases within the next five years. The program would be the largest of its kind in the United States, and is part of the growing partnership between the renewable energy industry and the military.
According to the company, all the required paperwork was submitted to finalize the loan before the Sept. 30 deadline. But SolarCity received word from the DOE late this week that the department would be unable to process the paperwork because of more stringent requirements set in place after the start of the Solyndra investigation.
The company has sent a letter to Rep. Fred Upton requesting the deadline be extended. The Michigan Republican has been among the most vocal critics of the Solyndra deal and the loan program in general.
http://www.renewableenergyworld.com/rea/news/article/2011/09/solarcity-doe-loan-in-jeopardy-beca use-of-solyndra-investigation
No comments:
Post a Comment