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Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. Integrated pilot and ten percent of full-scale conversion facilities will be financed to determine suitable technologies for full-scale commercial deployment.
Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.
“Clearly it’s a goal of ours to be a hub of clean- and green-tech, and Tesla and Solyndra are two big players in that arena.&#. Nina Moore, with the Fremont Chamber of Commerce, thinks so. And as if on cue, the White House announced last week that President Barack Obama on Wednesday will visit Solyndra. Some doubts left.
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