(WALL STREET JOURNAL) -- The U.S. government could lose $2.7 billion as a result of the loansand loan guarantees it offered to clean-energy companies, according to a White House-commissioned study carried out in the wake of Solyndra LLC's bankruptcy.
The Obama administration, which has defended its aid for clean energy in the wake of the solar-panel maker's demise, said the estimate was in line with its own projections.
Republicans have attacked President Barack Obama over the Department of Energy loan program, saying it wasted taxpayer dollars and put too much faith in unproven technologies. Solyndra closed in September after receiving $528 million in U.S. government loans.
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