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Jane Richey / April 6, 2012

Energy Department Giving More Green Loans

The Energy Department said Thursday it expects to begin tentatively approving new taxpayer-backed loans for renewable energy projects in the coming months.

The announcement comes about seven months after Solyndra, the California solar firm that received a $535 million loan guarantee from the administration in 2009, went bankrupt, setting off a firestorm in Washington.

“The Department expects to begin issuing conditional commitments over the next several months after completing a rigorous internal and external review of each application,” Energy Department loan program chief David Frantz wrote to the top lawmakers on the Senate Energy and Natural Resources Committee.

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Filed Under: Constitutionally Limited Goverment, Free Markets Tagged With: Energy Department, green loans, Senate Energy and Natural Resources Committee, Solyndra

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