Solyndra who? DoE loans programme back in black 0

520-agua-calienteThe US Department of Energy loans guarantee programme has made more from interest payments than it lost on failed companies such as Solyndra.

Figures released by the department this week show it is on track to make more than US$5 billion profit by the time it closes with US$810 million it has received to date, exceeding the US$780 million in losses from companies that defaulted.

The losses make up just under 2.3% of the more than US$35 billion it has loaned to low carbon companies.

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