- then In May 2010, President Obama visited Solyndra, a solar panel business based out of Fremont, CA. Solyndra was a business of great interest and investment by the government — they received a $535 million loan guarantee from the Department of Energy in 2009.
- now Solyndra will file for Chapter 11 bankruptcy next week, a move that Reuters reports was caused by their being undercut by lower-cost Chinese competitors. The bankruptcy would be the third such filing for a prominent solar energy business in the past month. source