FBI Raids Offices of Bankrupt Solar Panel Maker Solyndra

As we've already pointed out a few times, things aren't going so well for the once promising solar panel maker Solyndra. Today we learn that the FBI has raided their offices: "Federal agents executed a search warrant at the Northern California headquarters of solar panel manufacturer Solyndra Inc., which filed for bankruptcy protection this week despite receiving $535 million in federal stimulus loan guarantees. [...] Last week, Solyndra abruptly announced that it was ceasing operations and laying off 1,100 employees, a move the company attributed to intense foreign competition and a 'global oversupply of solar panels.'" More at the LA Times. See also: Think Big! Arizona Solar Tower 2X Taller Than the Empire State Building Will Produce 200 Megawatts

Tags: Alternative Energy | Solar Power

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