SEIA Statement on Proposed No More Solyndras Act
The solar industry stands ready to work with policymakers on a bipartisan basis to achieve these common sense goals and improve the loan program.
July 12, 2012 WASHINGTON - Today, the U.S. House Committee on Energy and Commerce Oversight and Investigations Subcommittee and the Energy and Power Subcommittee held a legislative hearing on the discussion draft of the No More Solyndras Act. Rhone Resch, President and CEO of the Solar Energy Industries Association® (SEIA®), issued the following statement on the discussion draft:
More Headlines
- ASIA Sustainable Energy Week 2025 - Kseng Solar Showcases Full Range of Solar Racking Solutions for Thailand and Southeast Asia
- How Smart DC Meters Enable Reliable Ultra-Fast Charging
- Natural Power supports Network Rail's landmark Bloy's Grove solar project
- The Uses of Ultra High Purity Gas Valves and Gas Cabinets in Photovoltaic and Solar Panel Manufacturing
- Stabilizing the Electric Grid Siemens, DEPCOM Power and local utility come together to provide affordable, efficient renewable power
"The solar industry supports efforts to ensure that taxpayer dollars are protected and used wisely to increase the effectiveness of Department of Energy ("DOE") Loan Guarantee Program. The solar industry stands ready to work with policymakers on a bipartisan basis to achieve these common sense goals and improve the loan program.
"Unfortunately, the discussion draft – as was noted on multiple occasions in the legislative hearing – would ‘throw the baby out with the bathwater.' The loan program has been utilized on a bipartisan basis to leverage private capital to promote transportation, health care, education, housing and energy infrastructure policies. The provision in the discussion draft that sunsets DOE's loan program would hinder our nation's ability to develop innovative energy infrastructure projects. In solar alone, this program has achieved a number of notable successes. Chief among these are 11 utility‐scale solar power plants in the Southwest, totaling 2,700 megawatts – enough to power 500,000 homes.
"The solar industry welcomes the opportunity to work with Congress and the Administration to improve the DOE loan program."
The U.S. solar energy industry employs 100,000 Americans at more than 5,600 companies, mostly small businesses, across the nation in all 50 states.
About SEIA®:
Established in 1974, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA is working to build a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to make solar a mainstream and significant energy source by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. www.seia.org
Featured Product
Vecoplan - Planning and implementation of complete processing plants in refuse derived fuel production
In order to reduce the costs involved in the energy-intensive production of cement, many manufacturers are turning to refuse-derived fuels (RDF), considerably reducing the proportion of expensive primary fuels they would normally use. Solid fuels are being increasingly used - these might be used tyres, waste wood or mixtures of plastics, paper, composite materials and textiles. Vecoplan provides operators of cement plants with proven and robust components for conveying the material and separating iron and impurities, efficient receiving stations, storage systems and, of course, efficient shredders for an output in various qualities.
