President Obama to visit California solar panel company, Solyndra

May 22nd, 2010 - 3:36 am ICT by BNO News  

WASHINGTON, D.C. (BNO NEWS) – The White House announced Friday that President Barack Obama will be visiting a solar panel manufacturing facility in Fremont, California next week.

Solyndra, Inc., a solar panel manufacturing facility, will be hosting President Obama, who will make remarks to workers about jobs and the economy, next Wednesday.

Through the Recovery Act, the Department of Energy offered a $535 million loan guarantee to Solyndra, Inc., to support the construction of a commercial-scale manufacturing plant for its proprietary solar photovoltaic panels. The project now employs more than 1,000 workers, making it one of the most successful Recovery investments in terms of spurring job-creation. Solyndra estimates that ultimately the construction of the new plant will create up to 3,000 jobs total, and lead to as many as 1,000 permanent jobs once the facility opens.

After his remarks, he will depart San Francisco and return to Washington, D.C. On the evening of Tuesday, May 25, the President will make appearances on behalf of U.S. Senator Barbara Boxer and the Democratic Senatorial Campaign Committee.

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