Is that the sound of a Door Opening Everyone (DOE)?

March 20, 2009
Obama Administration Offers $535 Million Loan Guarantee to Solyndra, Inc.
Investment Could Lead to Thousands of New Jobs


Secretary Chu initially set a target to have the first conditional commitments out by May – three months into his tenure - but today’s announcement significantly outpaces that aggressive timeline. Secretary Chu credited the Department’s loan team for their work accelerating the process to offer this conditional commitment in less than two months, demonstrating the power of teamwork and the speed at which the Department can operate when barriers to success are removed.
DOE Announcement here,
http://www.energy.gov/news2009/7078.htm

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March 23, 2009 6:13 AM PDT
Energy Dept. delivers solar loan to Solyndra

Demonstrating that it plans to act quickly with clean-energy loans, the U.S. Department of Energy has made $535 million available to solar start-up Solyndra.

The loan guarantee, announced on Friday, is the first to be approved by the Department of Energy in four years. As part of a broader government stimulus plan, the administration of Energy Secretary Steven Chu has committed to quickly disbursing loans to clean-energy companies.

To the broader green-tech industry, the Energy Department loan is an encouraging sign. Several green technologies have been developed over the past five years, but a number of companies are struggling to get the financing available to scale up their operations and sales.

The money for Solyndra was appropriated in the Energy Act of 2005. On taking office, Chu made dispersing existing and newly available loans a high priority, and created a process specifically for evaluating and expediting them.

With the passage of the massive government stimulus package earlier this year, the federal energy agency has billions of dollars available for loans, for which a number of green-tech companies have applied.
Entire article here,
http://news.cnet.com/8301-11128_3-10201858-54.html
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It is telling that the first offer is over half a billion dollars to a privately held start-up (2005) with a unique (curved rooftop) solar product. Lets hope this is the start of something big for Greenshift!
http://www.solyndra.com/
Private Investors
http://www.solyndra.com/About-Us/Investors
Good luck to Investors,
SkunK