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Solyndra Execs Stay Silent in Front of House Panel

1 min read

Photo: Otmar Smit

Executives from a failed solar power company that received large loans from the federal government remained silent before a House panel investigating the company.

Solyndra CEO Brian Harrison and chief financial officer Bill Stover appeared before the House Energy Committee Friday, but lawyers advised both men to invoke their Fifth Amendment privilege.

Solyndra received more than $535 million in loan guarantees from the federal government.

President Barack Obama visited the company’s headquarters in May to promote green jobs.

Solyndra has filed for bankruptcy and laid off over 1,000 workers at the end of August. The FBI raided Solyndra’s headquarters in Fremont, Calif. earlier this month.

House Republicans are investigating loan guarantees to the green energy sector.

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