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Politics : The Solyndra Scandal

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To: joseffy who wrote (169)10/14/2011 4:25:34 AM
From: Hope Praytochange1 Recommendation  Read Replies (1) of 1400
 
Solyndra Came Close to Landing Navy Deal BY DEBORAH SOLOMON 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.

RockPort recommended Solyndra to the military, along with four other companies. In the end, the negotiations for Solyndra's inclusion in a $1 million pilot program fell apart when the Navy learned about the ...http://online.wsj.com/article/SB10001424052970203914304576629480955162792.html?mod=WSJ_hp_LEFTTopStories
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