How many solar companies went bankrupt during obama presidency

How many energy companies have gone bankrupt?

A total of five have gone bankrupt, according to the House Committee on Energy and Commerce. All of the failed companies that the Committee identified came from just two programs that received significant dollar amounts from the Department of Energy. Those two programs funded 63 firms. The other 58 are still in business.

How many energy companies have failed?

All of the failed companies that the Committee identified came from just two programs that received significant dollar amounts from the Department of Energy. Those two programs funded 63 firms. The other 58 are still in business. That's a failure rate of about 8%.

Did Obama exaggerate about Solyndra loan?

President Obama exaggerated when defending his administration’s approval of a $535 million loan guarantee to Solyndra, a now-defunct solar company. Obama referred to Solyndra’s loan at an Oct. 6 press conference as “a loan guarantee program that predates me.” That’s not accurate.

Did Solyndra & Fisker go bankrupt?

The federal government lost hundreds of millions of dollars when solar panel maker Solyndra and car company Fisker went bankrupt. Now the loan program has made up for early losses and is in the black.

Is Obama's $80 billion clean-technology program a political liability?

Since the failure of solar-panel company Solyndra, President Obama’s $80 billion clean-technology program has begun to look like a political liability. A company that had won a $249 million grant files for bankruptcy, reigniting criticism of stimulus program.

What happened to Solyndra solar?

In 2011, solar panel company Solyndra defaulted on a $535 million loan guaranteed by the Department of Energy. The agency had a few other high-profile bankruptcies, too — electric car company Fisker and solar company Abound among them. But now that loan program has started turning a profit.