In 2009, Solyndra secured a $535 million loan guarantee from the U.S. Treasury to produce solar panels. But on August 31, 2011, the company shut its doors and announced its intent to file for bankruptcy.
President Obama visited the plant in May 2010 and touted it as a shining light for the future of green jobs and a green-energy economy.
“The promise of clean energy isn’t just an article of faith — not anymore,” Obama said at the time. “The future is here.”
Apparently the future was bankruptcy! (So much for Obama's promise of clean energy)
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