It appears that another Solyndra is on the horizon and its name is Abound Solar. The Obama administration gave $68 million in subsidies to the Colorado Solar Panel manufacturer, along with a down payment of nearly $370 million that was approved by the Department of Energy before the company went belly up, closing its doors and filing bankruptcy.
7NEWS obtained internal documents from 2012 that show orders for tens of thousands of replacement solar panels. The orders cite different reasons for the replacements including, "low performance," "under performance" and "catastrophic failures."
The orders are for replacements requested after the Department of Energy stopped stimulus money payments to Abound.
"These are solar panels we are now seeing reports that said they worked as long as you didn't put them in the sun," said Rep. Cory Gardner, R-Colo. "Now the question is did the (Department of Energy) -- did they know something that the rest of should have known? Did Abound not tell the DOE something? These are questions that need to be answered."
Gardner is a Tea Party freshman in Congress and wants to know how Abound Solar got $68 million in tax payer money with a failing track record like it had.
Gardner represents northern Colorado in Congress. He confirmed with 7NEWS that he will be sending a letter to the Department of Energy seeking records and information about what it knew while providing money to Abound. Gardner sits on the Energy and Commerce committee which oversees the Department of Energy loan program that provided money to Abound.
“We need to know, did the Department of Energy — did they close on the loan when they knew there were technical problems with the product?” said Gardner. “The fact that we have taxpayers on the hook for $70 million means that we, in Congress, have a responsibility to make sure nothing was done improperly.”
It has been learned that Abound not only took $68 million from the American taxpayers via the Obama administration, but they also failed to pay their property taxes. Ironic, isn't it? They don't have a problem taking tax money, they just have a problem paying their taxes.
This is just another reason for the elimination of the Department of Energy and the current occupant of the White House.Don't forget to Like Freedom Outpost on Facebook, Google Plus, & Twitter. You can also get Freedom Outpost delivered to your Amazon Kindle device here.