Two weeks ago, Watchdog.org reported that SunEdison, which bills itself as the world’s largest global renewable energy development company, had received at least $2.84 million in taxpayer money from the federal government.
But a deeper look from the U.S. Department of Energy shows that the company, which has been going through financial difficulties, has received $4.59 million.
After Watchdog.org requested that the DOE comb through its records of renewable energy grants and loans, the agency said SunEdison picked up what’s called a a cooperative agreement for $1,750,125 to help improve next-generation semiconductor materials.
Under the payment structure of a cooperative award, SunEdison is reimbursed for all allowable expenses while being required to meet agreements to share costs.
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