Collapse Files ยท CF-039

I APPROVED THE LOAN. THE TECHNOLOGY WAS ALREADY OBSOLETE. I SIGNED IT THAT MORNING.

In July 2009, a technology assessment warned that the viability of cylindrical photovoltaic technology hinged on elevated polysilicon prices. Despite understanding the market data showing a decline in silicon prices, a loan officer approved a $535 million loan guarantee to Heliant Solar in September 2009.

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