Solyndra Was In The Running For Navy Contract

  • Scott Detrow

Chip Somodevilla / Getty Images


Solyndra, the bankrupt solar energy company that may cost taxpayers a half-billion dollars, was close to securing a Navy contract before its bottom fell out. The latest development comes from the Wall Street Journal:

A major investor in Solyndra LLC was instrumental in helping the troubled solar-power firm compete for a potentially lucrative U.S. Navy deal, a previously unreported connection that will likely fuel controversy surrounding the company.
Solyndra was promoted to the Navy by RockPort Capital, one of the firm’s largest investors and board members, which has a seat on a Pentagon panel that helps the government find emerging technologies.

 

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