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The SolarCity-led SolarStrong project, expected to be the largest residential solar project, installing rooftop solar panels at military bases, secures the $1 billion in financing it needs to go ahead.
The SolarStrong project to put rooftop solar panels in Department of Defense bases risks being derailed because of a Congressional-led slowdown in DOE loan guarantee process.
Amid increased scrutiny of the loan guarantee program because of Solyndra, the Energy Department finalizes four more loans for projects which will lead to a jump in U.S. solar power production.
Department of Energy provides $344 million loan guarantee to install solar panels at 160,000 homes and buildings on military bases.