Solyndra failure followed by solar spending spree

Published September 19, 2011 4:00am ET



President Obama gambled $535 million on Solyndra LLC and failed, but his Energy Department has doubled down on eco-energy energy, attempting to approve up to $9.2 billion in government funding for as many as 14 green energy companies.

Damien LeVera, the Energy Department spokesman who called Solyndra a success after it’s bankruptcy, told Bloomberg News that the government “want[s] to get as many of these done in a way that responsibly protects the taxpayers’ interest. If they meet conditions set out in the agreement, then they’ll close.”

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