Saturday, October 15, 2011

Scandal Ridden And Bankrupt Solyndra Came Close To Having A US Navy Deal


WSJ's Peter Landers has exclusive details of one of Solyndra's investors assisting the solar-power company land a lucrative U.S. Navy contract. Photo: REUTERS/Robert Galbraith

Solyndra Came Close to Landing Navy Deal -- Wall Street Journal

A major investor in Solyndra LLC was instrumental in helping the troubled solar-power firm compete for a potentially lucrative U.S. Navy deal, a previously unreported connection that will likely fuel controversy surrounding the company.

Solyndra was promoted to the Navy by RockPort Capital, one of the firm's largest investors and board members, which has a seat on a Pentagon panel that helps the government find emerging technologies.

Read more
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More News On Solyndra Landing A Navy Deal

Solyndra Investor’s Role in a U.S. Navy Project Gets Republican Scrutiny -- Bloomberg
Solyndra investor promoted panels to the Navy: report -- Reuters
Solyndra Neared Navy Deal -- Daily Beast
Solyndra Almost Scored Navy Deal -- Newser

My Comment: The Solyndra scandal and the politics behind it has tarnished the US solar industry .... and could have tarnished the US Navy and its efforts to develop alternative energies. On a side note .... the U.S. military's efforts to develop renewable and alternative energies is big business, with some reports indicating budgets that will total $10 billion annually till 2030.

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