Getting your player ready...
WASHINGTON — The government announced approval Friday of the first loan guarantee for an energy project under a program that Congress approved four years ago, only to see it hamstrung by years of delay.
Energy Secretary Steven Chu vowed as one of his top priorities to revamp and speed up the loan guarantee program.
On Friday, Chu announced approval of a $535 million loan guarantee to Solyndra Inc., a company in Freemont, Calif., that makes solar panels for commercial buildings.
