New evidence suggests that the Department of Energy loaned money to Prologis so that they would purchase solar panels from Solyndra. How much? A $1.4 billion partial loan guarantee. Why would we care if they purchased solar panels? So that Solyndra would not go under.
According to Washington Free Beacon:
Committee Republicans opened a new front in their ongoing investigation of the Solyndra scandal in a letter to Chu on Friday, requesting documents and emails regarding a $1.4 billion loan to a solar project that was to be supplied equipment by Solyndra.
Prologis, an industrial real-estate company, received a partial loan guarantee in September 2011 to install solar panels on its commercial facility rooftops. The committee said the sole supplier of those panels would have been Solyndra, which had also received a $535 million loan guarantee from the Energy Department.
There are several questions that will need to be answered.
- Who was in charge of receiving the loan?
- Were there political favors being met via the loan?
- Did Prologis end up purchasing any products from Solyndra?
- What guaranteed Prologis would buy from Solyndra when cheaper solar panels could be purchased from China.
Link to PDF letter sent by Committee Republicans to Energy Secretary Steven Chu: PDF