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You are here News Politics Mitt slams Obama on solar-firm flop, but it turns out he has one all his own

Mitt slams Obama on solar-firm flop, but it turns out he has one all his own

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Konarka TechnologiesMitt Romney has made a bankrupt solar power company the symbol of President Obama’s inability to jumpstart the economy - but he has a similar failure on his resume, according to a report.

Romney has repeatedly ripped the Obama administration for sending federal funds to Solyndra, a California alternative energy company that went belly-up.

Decrying the White House’s decision to give Solyndra a $535 million federal loan as “crony capitalism,” Romney even held a surprise campaign stunt at the Bay Area plant Thursday.

But a day later, a Massachusetts solar panel company that received a state grant while Romney was governor filed for bankruptcy, according to the Boston Herald.

Romney personally awarded a $1.5 million renewable energy subsidy to Konarka Technologies, based in Lowell, a short time after he took office in 2003, the paper reported.


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