On Friday, the Department of Energy (DOE) announced it offered its first loan guarantee to Solyndra Inc., a California based solar company. The $535 million loan will allow Solyndra to construct a commercial-scale manufacturing plant for its cylindrical solar photovoltaic panels. As a result of the plant and solar panel sales both in the U.S. and abroad, Solyndra expects to create thousands of jobs. DOE Secretary Chu said, “We can create millions of new, good paying jobs that can’t be outsourced. Instead of relying on imports from other countries to meet our energy needs, we’ll rely on America’s innovation, America’s resources, and America’s workers.”