Still, the federal loans program is a success for taxpayers, judging by the numbers in the new report, the DOE said. After Solyndras 2011 collapse, the program was sharply criticized by Republican lawmakers as a waste of public money and a fountain of cronyism. The outcries mounted as others in the program failed, and the DOE issued no new loans between late 2011 and this year. Taxpayers are not only benefiting from some of the worlds most innovative energy projects... but these projects are making good on their loan repayments, Peter Davidson, executive director of the Loan Programs Office, said in an interview on Wednesday. Davidson took over the loan program in May of 2013.
Posted on: Sat, 15 Nov 2014 03:16:17 +0000
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