This Special Report outlines the results of a 4-year investigation into concerns that Solyndra, Inc., (Solyndra) may have provided the Department of Energy with false and misleading information during the … READ MORE
Loan programs
DOE OIG: DOE Loan Programs: Current Estimated Net Costs Include $2.2 Billion in Credit Subsidy, Plus Administrative Expenses
The Department of Energy’s (DOE) loan programs portfolio consists of 34 loans and loan guarantees totaling about $28 billion in support of 30 projects in a diverse array of … READ MORE
GAO: DOE LOAN PROGRAMS: DOE Should Fully Develop Its Loan Monitoring Function and Evaluate Its Effectiveness
The Department of Energy (DOE) has not fully developed or consistently adhered to loan monitoring policies for its loan programs. In particular, DOE has established policies for most loan … READ MORE
DOE OIG: Allegations of Irregular Hiring Practices and Preferential Treatment in the Loan Programs Office
The Department of Energy’s (Department) Loan Programs Office (LPO) grants and monitors loans to private sector entities to develop new clean energy technologies. Federal regulations prohibit employees from granting any preference … READ MORE
GAO: DOE LOAN GUARANTEES: Further Actions Are Needed to Improve Tracking and Review of Applications
The Department of Energy’s (DOE) Loan Guarantee Program (LGP) was created by section 1703 of the Energy Policy Act of 2005 to guarantee loans for innovative energy projects. Currently, DOE … READ MORE