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Tag Archive: Loan Guarantee Program

Another renewable energy loan recipient hires lobbyists, has fundraising ties to Obama


Abound Solar, another participant in the Department of Energy’s loan guarantee program, which is facing scrutiny, has hired Washington lobbyists because of that attention, a company spokesperson said.

The lobbying—by former government officials with ties to Congress and the Department of Energy—started in mid-October, about six weeks after Solyndra, the recipient of a $535 million loan from DOE, filed for bankruptcy. Like Solyndra, one of Abound Solar’s key investors is an Obama fund-raiser, although there is no evidence that the Obama administration favored the companies because of this connection.

The Abound investor is billionaire heiress Pat ...

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