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Solar firm in trouble

October 13, 2011

As the condition of the Obama government is not hidden from any one. They are under such a pressure in which they are forced to reveal the details regarding the loans that were given to the solar system. People need to know the condition of the solar systems as they had been receiving loans which have been recorded as more than four billion Dollars. The demand of information is being asked by the Republicans who are inquiring about the federal loans that were given to the Sun Power Corporation, First Solar Corporation and the ProLogis Corporation. The major issue which had raised the inquiry is the condition of the Sun Power Corporation. This Company had received the loan of more than one billion dollars. This is to be noticed that the Solyndra scandal in which the Obama ministry is already facing a lot of questioning has been reported to be involved in the bankruptcy of five hundred and twenty eight million dollar loan. And sun power has received almost the double amount in form of the federal loan. President Obama has been continuously justifying this propaganda. The energy and commerce committee is still waiting some satisfactory response from that side.

, , Business, Economy

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