FBI agents raid offices of bankrupt PV producer Solyndra

Solyndra’s operations in Fremont, California, have been searched by Federal Bureau of Investigation agents.

The bankrupt solar manufacturer is the subject of a joint investigation operation that includes the Department of Energy’s (DOE) Inspector General.

Solyndra received a $535m loan from the federal government, overseen by the DOE through its Loan Guarantee programme.

Solyndra’s management intends to spend the next four weeks trying to find a “turnkey” buyer for the entire debt-laden company before proceeding with a piecemeal liquidation.

In bankruptcy filings this week, the US manufacturer of cylindrical thin-film solar modules outlined a plan to borrow $4m from its two largest investors, Argonaut Ventures and Madrone Partners,…

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