Remembering Solyndra – A $524 Million Green Energy Failure

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Considering President Joseph Biden’s $2.3 trillion infrastructure plan, Americans should first review the taxpayer money that was spent on projects in 2009 and learn from the ones that were massive failures.

Biden asked Congress to invest $35 billion in green energy leadership to see “technology breakthroughs that address the climate crisis and position America as the global leader in clean energy technology and clean energy jobs,” according to the White House fact sheet.

But look as recently as 2009, when Congress passed the the American Recovery and Reinvestment Act during President Barack Obama’s administration.

That $831 billion spending package made lots of promises, including to save jobs and create new ones, but waste — and possibly some fraud — tainted the outcomes.

Often referenced as a what-not-to-do in stimulus financing, solar panel start-up Solyndra cost taxpayers $570 million.READ MORE

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