The U.S. Department of Energy asked Solyndra LLC to delay announcing it would fire workers until a day after last year’s elections, according to a House Republican report citing advisers for the failed solar-panel maker.
When solar-panel maker Solyndra LLC collapsed in September after winning a $535 million U.S. loan guarantee, President Barack Obama’s administration blamed China’s even bigger aid for its renewable-energy industry.
The Energy Department knew Solyndra LLC was violating terms of its U.S. loan by December and agreed to keep providing taxpayer support for the solar-panel maker that filed for court protection nine months later.
Solar manufacturers including the U.S. unit of SolarWorld AG are preparing a trade complaint against imports from China, as they seek help from President Barack Obama to counter subsidies to their competitors, according to people familiar with the matter.
Chinese solar-panel makers borrow from state banks at higher interest rates than what Solyndra LLC was charged by the U.S. government this year, according to Trina Solar Ltd., China’s third-biggest maker of the equipment.
Chinese stocks traded in the U.S. advanced, driving up the Bloomberg China-US 55 Index the most in seven days, as solar stocks rebounded after American payrolls grew and declines in material costs quickened.