Remember Solyndra? Those loans are making money

Lost in the hubbub following President Obama’s climate agreement with China was a smaller bit of surprising environmental news Wednesday: the Department of Energy’s loan program is expected to make money for taxpayers.

Most people are familiar with the program because of Solyndra, a solar-panel manufacturer that went bankrupt in 2011 after borrowing $528 million from the federal government. Solyndra was one of a few bad bets the feds made — Fisker Automotive, which built electric cars, went under last year.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: