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Solyndra Destroying Millions of Dollars in Parts, TV Station Reports

Friday, 20 Jan 2012 12:59 PM

By Andra Varin

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Solyndra Corp., the bankrupt solar panel maker that owes American taxpayers half a billion dollars, has been systematically trashing hundreds of thousands of glass parts that it hasn’t even paid for, CBS 5 in San Francisco reported.

Solyndra, based in Fremont, Calf., received a $535 million loan guarantee from the Obama administration in 2009 as part of the Energy Department’s push to promote alternative energy. The company filed for bankruptcy last year.

Questions arose about whether the White House pressured the Energy Department to approve the loan, and federal officials are investigating  whether money raised by Solyndra investors for President Barack Obama’s 2008 presidential campaign may have been a factor.

CBS 5 reported Thursday that Solyndra has been dumping hundreds of thousands of new glass tubes used in solar panels. The station, KCBS/KPIX, filmed workers in white jumpsuits tossing the delicate glass tubes into Dumpsters. It said Solyndra paid $2 million for the glass, and owes the German manufacturer $8 million in total.

The station said Solyndra would not comment on the destruction.



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