(Reuters) - The U.S. Department
of Energy displayed a "lack of guidance" in how it dealt with millions
of dollars in loan guarantees to now-bankrupt Abound Solar
Manufacturing, the agency's internal watchdog said in a report on
Thursday.
The DOE in recent years has tried to help commercialize the
production of solar equipment such as panels and photovoltaic modules
with a series of loan guarantees.
The program was savaged by
Republican lawmakers after the high-profile bankruptcy of
California-based solar manufacturer Solyndra in 2011. The latest audit
of loan guarantees to Abound could re-open those wounds.
news.yahoo.com/internal-report-slams-u-handling-abound-solar-guarantees-205710023--finance.html?.tsrc=opera14
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