A joke to speak of Solyndra.
Solyndra used their California plant to secure over $4 billion in projects for 2 commercial solar generation plants in southern California. The bidding process was rigged to favor a company with an in state production facility.
Here is the scam. They took the US government loan intended to expand the California plant to meet the demands of the $4 billion in projects and instead they bought Photon Solar in India. They transferred the $4 billion in work to that plant and closed the California production facility while filing bankruptcy on the name Solyndra.
They get a new manufacturing facility paid for by US taxpayers and $4 billion in work from the ratepayers in Southern California and avoid paying back the US government backed loan.
That is what the green industry likes to call creative financing and good strategic planning.
