Solyndra has secured another big deal, this time it’s a $115 million hook up with German solar integrator EBITSCHenergietechnik. Take that name in for an hour or two.
This means Solyndra’s contractual backlog is about $1.8 billion. Now, take that in.
The fast growing company is a darling of both the VC and the government. The company has around $820 million in money raised, plus a $535 million loan guaranteed by the DOE. Just two weeks ago it announced a $189 million deal.
While this growth is astounding, we have to think at some point it becomes worrisome. How does a startup go from zero to 60 so quickly without experiencing some growing pains? It has a brilliant and diverse group of backers, including the group that guided First Solar, so we’re sure it’s being carefully protected.
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