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Apr 17, 2014

Internal report slams U.S. handling of Abound Solar guarantees

WASHINGTON (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.

Apr 17, 2014
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