You are here

Background: Today’s Solyndra Solar Hearing

September 14, 2011 - 12:04am

Addthis

This morning, the House Energy and Commerce Subcommittee on Oversight and Investigations is holding a hearing to discuss Solyndra Solar, the California-based solar manufacturer that declared bankruptcy last week. Jonathan Silver, Executive Director of the Department’s Loan Programs Office, will be testifying.

We’ve posted Jonathan’s written testimony online.  The testimony is very thorough and provides a good explanation of the loan process and the extensive reviews and analysis conducted by the Department between 2006 and 2009. He also explains the remarkable changes in the solar market since 2009 that negatively affected Solyndra and other U.S. solar manufacturers. This includes $30 billion in financing that China committed to Chinese solar companies just last year, dwarfing U.S. government investments. Most importantly, he makes the point that the U.S. has a decision to make: in the face of this setback, will we abandon the U.S. solar industry entirely and let China dominate what will likely become a three trillion dollar market for solar manufacturing? Or will we decide to continue competing for the clean energy jobs of the future?

To provide additional context, we’re providing the following:

 

*Editiorial Note: This post was updated on 09/21/2011 to include additional background materials. 

Addthis