Solyndra redux: Signature Biden law helped solar company reap billions

Source: SFGate

“As he campaigned for the presidency, Joe Biden promised to spend billions of dollars to ‘save the world’ from climate change. One of the largest players in the solar industry was ready. Executives, officials and major investors in First Solar, the largest domestic maker of solar panels, donated at least $2 million to Democrats in 2020, including $1.5 million to Biden’s successful bid for the White House. After he won, the company spent $2.8 million more lobbying his administration and Congress, records show — an effort that included high-level meetings with top administration officials. … It has also paid massive dividends as First Solar became perhaps the biggest beneficiary of an estimated $1 trillion in environmental spending enacted under the Inflation Reduction Act, a major piece of legislation Biden signed into law in 2022 after it cleared Congress solely with Democratic votes.” (06/26/24)