Oregon officials are preparing to foreclose on SoloPower Inc. after the government-backed startup missed a loan payment this week in the latest setback for the state's reeling green-energy sector. SoloPower, which is still scrambling to revive its struggling North Portland plant, missed a $50,800 payment Wednesday on a $10 million loan from the Oregon Energy Department, an agency spokeswoman said Friday. If the San Jose, Calif., company defaults, Portland taxpayers could be out $5 million, because the city guaranteed half the loan last year in wooing the plant away from Wilsonville.
Read more at the Oregonian
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Showing posts with label public loan. Show all posts
Showing posts with label public loan. Show all posts
Saturday, May 4, 2013
Thursday, October 20, 2011
White House Refuses to Turn Over Internal Solyndra Documents
10/17/2011 - As investigation reveals those closest to President Obama were warned about the Solyndra loan, White House violates own transparency pledge
- WASHINGTON, DC – Energy and Commerce Committee Chairman Fred Upton (R-MI) and Oversight and Investigations Subcommittee Chairman Cliff Stearns (R-FL) responded to the recent letter from White House Counsel Kathryn Ruemmler that the White House would not provide internal White House communications related to Solyndra. On October 5, 2011, the committee leaders requested the internal communications after recently produced documents revealed the President’s closest confidantes monitored the Solyndra loan. Read more at House Energy & Commerce Committee...
Friday, April 29, 2011
Blue Heron goes down, so does a $13.75 million public investment
4/21/2011 by Jacob Szeto - "In 2005, Blue Heron embarked on a project to upgrade its recycling and plant equipment to reduce energy consumption and expand its recycling capabilities. Blue Heron did not go to a bank for a loan. Instead, the state of Oregon stepped in and offered to give the company the money it needed through a combination of cash and loans.
The state claimed the project was exactly the kind of investment it was looking for." Read more at Oregon Capitol News... Read More......
The state claimed the project was exactly the kind of investment it was looking for." Read more at Oregon Capitol News... Read More......
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