"The Obama administration’s first term was filled with green energy embarrassments, notably the $500 million Energy Department loan to the California-based, solar-energy company, Solyndra. The department also made news for a $43 million loan to Massachusetts-based green energy firm Beacon Power. A Heritage Foundation review found 19 green energy firms – including wind, battery and electric car companies – that went bankrupt while others that had financial difficulties after federal government loans.Still, the White House, in its announcement, asserted the executive actions and private investments will help make solar become a success."
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