Solyndra Items Go on Auction Block - NBC Bay Area

Solyndra Items Go on Auction Block

Solar panel maker Solyndra set to auction assets



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    Heritage Global Partners
    This is one of the items that will go to the highest bidder.

    The bankrupt solar company Solyndra Inc. is auctioning off surplus assets this week as part of its
     bankruptcy proceedings.

    NBC Bay Area's George Kiriyama reported that none of the money raised will be back to taxpayers who lost millions on the company.

    Starting Wednesday buyers can purchase the former solar manufacturer's office microwave, artwork that once hung on its walls and an array of heavy equipment and tools owned by the former
     solar panel maker. The auction ends Thursday at 5 p.m.

    Some of the items were shown on the auction Website Tuesday.

     The auction company Heritage Global Partners is calling the event the "solar auction of the year.'' Because the company is still up for sale, its facilities and major manufacturing equipment will not be auctioned.

     Solyndra, which received a $528 billion federal loan guarantee and was touted by President Barack Obama as an example of his emphasis on so-called "green jobs,'' filed for bankruptcy in
     September and laid off 1,000 workers.

    You have to register in advance at this site. You can bit by phone, webcast or live.