Solyndra Solar Panels For Sale – Expected between Saturday 27 July and Tuesday 30 July until 08.854. Delivery time is estimated using our proprietary method based on the buyer’s proximity to the item’s location, the shipping service selected, the seller’s shipping history, and other factors. Delivery times may vary, especially during peak times.
Special financing available. View the terms and apply now. PayPal credit opens in a new window or tab
Solyndra Solar Panels For Sale
Receive the product you ordered or your money back. Learn more Money Back Guarantee – Opens a new window or tab
Chinese Export Surge Clouds U.s. Hopes Of A Domestic Solar Boom
New: Brand new, unused, unopened, undamaged item in original packaging (where packaging… Read more about condition New: Brand new, unused, unopened, undamaged item in original packaging (where packaging applies) packaging must be identical to that which you can find it in a retail store unless the item is handmade or packaged by the manufacturer in non-retail packaging such as a non-printed box or plastic bag See the seller’s listing new window or tab for full details
* Estimated Delivery Dates – Opens in a new window or tab and includes the seller’s processing time, source zip code, destination zip code and pickup time and depends on the shipping service selected and payment received. Delivery times may vary, especially during peak times. Notes – Shipping *Estimated delivery dates include seller processing time, source zip code, destination zip code and pickup time and are dependent on the shipping service selected and payment received. Delivery times may vary, especially during peak times.
For more details, see the Refund Policy, which opens in a new tab or window. You are eligible for a money back guarantee opens in a new tab or window if you receive an item that is not as described in the listing.
Qualifying purchases can enjoy no interest if paid in full within six months on purchases of $99 or more. Other offers may be available.
Us Solar Manufacturing Gets Boost With $2.5b Georgia Deal
If you do not pay the amount in full within 6 months, we will charge your account with interest from the date of purchase. Minimum monthly payments are required. Subject to credit approval. View Terms – PayPal Credits will open a new window or tab
Carefully packaged, item arrived as described. Very attentive to detail and responsive. I got exactly what I needed. Fast shipping. Great communication, will buy again!
The shipper did a great job of helping me track down a package that USPS sent in error and kept me updated until delivery. FILE – In this May 26, 2010 file photo, President Barack Obama views a solar plant with Solyndra CEO Chris Gronet. panel, during a tour of the Solyndra, Inc., solar panel manufacturing facility in Fremont, California. Solyndra received a $535 million loan from the US government, announced 1,100 layoffs and plans to file for bankruptcy. (AP Photo/Alex Brandon, File)
Almost exactly four years after Solyndra, a solar panel startup, filed for bankruptcy, the company’s spirits have now risen again for what seems like the umpteenth time. And no, it didn’t come from another awkward Republican presidential debate.
Abengoa, Obama Green Energy Project, On Verge Of Bankruptcy; Demise Recalls Solyndra
This time, the alarm comes in the form of a report from the Office of the Inspector General, which after more than four years of investigation found that Solyndra officials used false information to mislead the Energy Department in its $535 million application. The report also found that there were deficiencies in DOE’s process for administering and approving the Solyndra loan guarantee.
Solyndra, of course, is a once-vaunted solar startup that raised more than $1 billion from private investors and lost $500 million in taxpayer money in a DOE-backed loan when the company later went bankrupt.
The loan program was created under the Energy Policy Act of 2005, but Obama’s stimulus plan first funded it. Loan guarantees basically mean that the government will repay the loans to the company if the borrowers are unable to do so. In many cases, as in the case of Solyndra, the government also provided loans through the Federal Finance Bank.
Anyone who has followed this story closely in recent years will not be surprised by the report, but some of the details of Solyndra executives’ deceptions have been revealed. The details are worth reading because they actually resemble the tactics Silicon Valley startups sometimes use when raising money, telling their stories to the press, selling their wares, and negotiating with partners.
How Solar Software Can Save The World
These not-so-unusual scams are magnified by the sheer scale of the Department of Energy’s $535 million loan guarantee, the sheer volume of customer contracts (hundreds of millions of dollars), and the political and media spectacle that surrounded Solyndra after the bankruptcy emerged. Above all, the report points out that a startup as risky as Solyndra should never have qualified for such a large loan guarantee from the federal government.
Fremont, CA – March 14: David Miller, director of corporate communications, on the roof of Solyndra, the solar energy technology company that the president visited last year and has secured more than $1 billion in loans, on the roof of Solyndra solar panels, March 14, 2011 in Fremont, CA. (Photo by Bill O’Leary/The Washington Post via Getty Images) Photo by Bill O’Leary — The Washington Post/Getty Images
If you don’t remember the full story of Solyndra, the company made tubular solar panels using thin, next-generation solar material and a lightweight rack system into which the panels were mounted. The company said larger energy companies would pay a premium for its solar panels, in part because the panels would save them money during the installation process.
The company has raised more than a billion dollars from investors such as Madrone Capital (a fund associated with the Walton family, heirs to Walmart), RockPort Capital, Redpoint Capital, the George Kaiser Family Foundation and others. In addition to backing from private investors, Solyndra was the first company to receive a loan guarantee from the newly funded DOE program, and the loan was also one of the largest (similar in size to Tesla).
Solyndra Sl 200 Series Flat Roof Non Penetrating Solar Panel Snow Mounts
Solyndra went bankrupt because the costs were far too high, the only customers paid for the panels at a discount, and the cost of solar panels in China began to drop dramatically. Instead of finding buyers willing to pay a premium for new panels, solar developer buyers could go to China and buy cheap panels.
The most damning evidence in the inspector general’s report centers on Solyndra’s sales contractual obligations with its utility customers. Solyndra officials initially said during the loan guarantee application process that it had four contracts worth a total of $1.4 billion, or hundreds of millions of dollars each. The company later cited $2 billion in sales contract commitments with additional customers.
Tyler Fagrey moves completed cylindrical solar cell modules into Solyndra Inc.’s manufacturing facility. in Fremont, California, USA on Tuesday, November 23, 2010. Photographer: Ken James/Bloomberg via Getty Images Photo by Ken James – Bloomberg via Getty Images
But during the investigation, the inspector general’s office found that some of these customers solicited and received orders at discounted prices and for much lower quantities than were specified in the contracts. Still other parties had no future business obligations to Solyndra. The $1.4 billion and later the $2 billion were not booked revenues, they were ambitious contracts that were not binding.
Trump’s First Major Trade Fight With China Could Be Over Solar Panels
The report said that “the company has announced internally that the parties to the contract collectively wanted to purchase more than $700 million less than what was in the sales contracts.”
A Solyndra customer who eventually bought small quantities of solar panels at a discount told investigators that Solyndra assured them through a verbal agreement that his company did not have to buy the large quantity specified in the contract.
When DOE asked Solyndra officials about any updates to the sales contracts, Solyndra officials said there had been none, the report said. Solyndra officials told the same information to Fitch, leading to a credit rating based on inaccurate information.
Jerold Perez, a maintenance worker, checks equipment used to produce cylindrical solar cell modules at a Solyndra Inc. manufacturing facility. on Tuesday, November 23, 2010. in Fremont, California, USA. Photographer: Ken James/Bloomberg via Getty Images
Solar Energy Tipping Point: Will The U.s. Seize The Opportunity, Or Pursue Trade War With China?
Solyndra officials were at best reckless and irresponsible or at worst an orchestrated attempt to knowingly cheat and defraud the Ministry
But it is difficult to prove whether it was pious wishes or a deception. Maybe a little of both.
At the same time, the inspector general’s report found that at some point in 2009, Solyndra provided more specific updates to the sales agreement to a DOE consultant, and that consultant did not alert DOE to the significance. Solyndra also sent the DOE a spreadsheet detailing the missed revenue projections, but DOE consultants did not study the document closely enough to determine its significance.
After the Solyndra bankruptcy, the FBI joined the inspector general’s investigation. In early 2015, the Justice Department decided not to file criminal charges against Solyndra officials.
Solyndra: Pay Some Investors Before Taxpayers In Solar Flame Out
Miles Ehrlich, attorney for former Solyndra CEO Chris, commented on the report,