Earlier this year, I obtained the DOE loan guarantee term sheet for Solyndra Fab 2 LLC via a Freedom of Information Act (FOIA) request.
Although the document is highly redacted, in the interest of getting it out there, I am including the first few pages here, followed by a link if you'd like to download the document in its entirety.
To be honest, any juicy bits have been blacked out. Here are the first five pages:
Before we get to that --
This is speculation, but It would appear that what the FBI are looking for is some evidence that Solyndra's CEO had knowledge of the firm's economic jeopardy, even when he failed to mention this in his letters to Congress. Certainly, Harrison looked me in the eye about six months ago and told me that they would need no additional venture funding to stay afloat.
Anyway, here is the loan guarantee term sheet.
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Here's a link to the document if you'd like to download it.
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CEO Brian Harrison has been invited to testify at a congressional hearing next week to explore the circumstances around the solar firm's $535 million loan guarantee.
Lindsay Riddell of The San Francisco Business Times has been covering the Solyndra tragedy in painful detail and she reported the following.
Henry Waxman and Diana DeGette, both ranking members of the House Committee on Energy and Commerce, said in a letter to Cliff Stearns, chairman of the Subcommittee on Oversight and Investigations that Harrison:
"Met with us and other committee members to assure us that Solyndra was in a strong financial position and in no danger of failing. At that time, he said the company was projected to double its revenues in 2011, there was 'strong demand in the United States' for its shipments, and the company was expected to double the megawatts of panel production shipped this year. These assurances appear to contrast starkly with his company's decision to file for bankruptcy last week."
"He did not convey to us the perilous condition of the company and the Committee should know why," the letter said.
Here's a copy of the letter from Waxman to Stearns:
(proceed to the next page)
