Quoted Text

SoloPower Funding: U.S. Poised To Hand Over $197 Million To Another Solar Panel Start-Up
Reuters  |  By Nichola Groom
Posted: 09/24/2012 1:00 am EDT Updated: 09/24/2012 2:26 am EDT

LOS ANGELES, Sept 24 (Reuters) - A tiny solar company named SoloPower will flip the switch on production at a U.S. factory Thursday, a major step toward allowing it to tap a $197 million government loan guarantee awarded under the same controversial program that supported failed panel maker Solyndra.

SoloPower has initiated a strategy to differentiate it from struggling commodity players in the solar panel industry. Still, there are several similarities between SoloPower and Solyndra - which became a lightning rod in the U.S. Presidential campaign this year after taking in more than $500 million in government loans and then filing for bankruptcy.

Like Solyndra, SoloPower is a Silicon Valley start-up and uses the same non-traditional raw material in its solar panels. And, like its now-defunct peer, SoloPower is one of just four U.S. panel manufacturers to clinch loan guarantees under the Department of Energy's $35 billion program to support emerging clean energy technologies. The DOE payments to SoloPower will come on top of the $56.5 million SoloPower has collected in loans, tax credits and incentives from the state of Oregon and the city of Portland, where its first factory will be located.

And, perhaps most importantly, SoloPower is entering the market at a time of cutthroat competition from cheaper solar products made in China.....................................>>>>...........................>>>>....................http://www.huffingtonpost.com/2012/09/24/solopower-funding_n_1908394.html

IMFG

Romney got rich off of failed PRIVATE businesses...........obama is allowing these businesses to get rich and run with TAXPAYER'S money!

same coin.....different side!!!