Renewable energy program loan guarantees have been frozen for four years, but not anymore. The Department of Energy has finally broken the ice with and granted on to Solyndra, Inc.

Solyndra will happily take the $535 million guarantee in loan dough and use it to boost its solar panel production. The company’s specialty lies in cylindrical solar panels that boast greater roof coverage. The loan will cover 75 percent of their upcoming expansion costs which will result in far greater production levels and increased hiring.

With the current administration’s agenda of boosting renewable energy resources and jobs, the Department of Energy is in the process of approving dozens of other loan guarantees in the coming weeks.