Solar company bankrupt despite 'win-win' DOE loan

http://campaign2012.washingtonexaminer.com

In keeping with the recent trend of so-called green companies going
into the red, another solar energy company supported by President
Obama's top administration officials declared bankruptcy today.

Solar Trust for America received $2.1 billion in conditional loan
guarantees from the Department of Energy -- "the largest amount ever
offered to a solar project," according to Energy Secretary Steven Chu -- for a project near Blythe, Calif., but declared bankruptcy within a year. It is unclear how much of the guarantee, if any, was actually awarded.