Not going bankrupt or not being prosecuted ≠ Success.
The Hill reports:
Energy Secretary Ernest Moniz is touting federal green energy loans that have drawn strong criticism from Republicans over the collapse of the solar panel company Solyndra.
Moniz, speaking at a green energy summit in Nevada, said that the overall program, which supports low emissions energy projects and automakers, has been a major success.
“My view is, what is there to be defensive about?” Moniz said of the loan and loan guarantee programs.
“A $35 billion portfolio with 2 percent current and projected defaults with many, many, many success stories,” he said at the National Clean Energy Summit 6.0 in Las Vegas. “That is what it means to have a portfolio out there.”