Solyndra Files For An IPO
The company designs and manufactures photovoltaic panels and has raised more venture capital this year -- $286 million in the third quarter, over $512 million total, according to Thomson Reuters -- than any one else. Equally impressive has been its ability to get money from the government. In March, Solyndra got a $535 million loan guarantee from the Department of Energy to build a second solar panel fabrication plant in California -- the first clean tech company to get such a loan. It has applied for a second loan from the DOE of $469 million, according to the S-1, and estimates that the next phase of the fab will cost $642 million.
19 December 2009•1 min read
