That was one recommendation from a White House-ordered review of the Loan Guarantee Program (LGP), which has been a boon to large scale renewable project developers such as First Solar and Abengoa, but a stain on the administration thanks to the high-profile bankruptcy of loan recipient Solyndra.
The review, conducted by a consulting team headed by Herb Allison, former Assistant Treasury Secretary for financial stability, with assistance from investment bank Greenhill & Co, and law firm Arnold & Porter, had little to say on loans to Solyndra, a cylindrical thin-film PV manufacturer, and Beacon Power, an energy storage company, both of which filed for bankruptcy last autumn before the review began.
