As part of its clean-energy agenda, the Biden administration is reviving an energy department program that disbursed billions of dollars in loan guarantees to companies such as electric car maker Tesla and the failed solar company Solyndra, the energy secretary, Jennifer Granholm, says. The loan program helped launch the country’s first utility-scale wind and solar farms as part of the Obama administration’s efforts to create “green jobs” but largely went dormant under Donald Trump. The program boosted Tesla’s efforts to become a behemoth in electric cars, but it stumbled with a major loan guarantee to Solyndra, the California solar company that failed soon after receiving federal money a decade ago, costing taxpayers more than $500m. Republicans and other critics cite Solyndra as an example of wasteful spending under Barack Obama’s stimulus program, and the loan guarantees have largely dried up in recent years. The energy department provided $12bn in guarantees for the Vogtle nuclear power station in Georgia, but few other loans were offered under Trump. When running for office, Joe Biden put forth a $2tn plan to eliminate all greenhouse gas emissions from the US electricity grid within 15 years, a goal that was applauded by climate campaigners […]


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