Green Energy
One of the great mysteries of the 2011 Solyndra bankruptcy was: What happened to all that money? After the United States government “loaned” Solyndra $535 million, the money quickly vanished; the bankruptcy court later found that the company had essentially no cash on hand. They had spent it all on equipment and inventory.
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Obama: “When I Try Something That Doesn’t Work, Then I Don’t Try It Again,” Then Vows More Subsidies for “Green” Energy Firms Like Solyndra Of course the irony is lost on him. Click on the title to read the whole story....
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WHITE HOUSE REFUSES TO COMPLY WITH SUBPOENA FOR SOLYNDRA DOCUMENTS From Ace:The White House on Friday all but refused to turn over the documents House Republicans have subpoenaed on bankrupt solar firm Solyndra, firing off a letter saying the request...
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The Solyndra Fraud - Fraud against the United States is one of the most serious felony offenses in the federal penal law From National Review, via Will at The Other News: The solar-energy company was a con game.The Solyndra debacle is not just Obama-style...
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Did Solyndra Actually Get a Second Loan of $469 Million, Bringing the Full Loan Package To Over A Billion?From Ace:This is unclear. The great @williamamos highlighted the fact that Solyndra did indeed apply for a second big loan guarantee, noting this...
- Bargain-hunters Flock To Solyndra Auction
Tags: Solar Energy Companies, Solar Energy Information If you’re in the market for an office chair, an automated inline glass coating system, or a souvenir T-shirt from a defunct solar company, you’re in luck. Solyndra , which filed for bankruptcy...
Green Energy
Where Our $500 Million Went: Solyndra Glass Tubes Used as Modern Art
The missing Solyndra tubes have finally turned up — in a modern art exhibit at U.C. Berkeley:
Surely, then, the inventory could be sold and liquidated, to recover some of the ill-spent cash — right? Well, not really. Auctions of the material at the shuttered Solyndra factory produced very little revenue, as the highly specialized machinery and proprietary photovoltaic components spurred little interest among the auction vultures, since the parts could be used only for one specific purpose: to make Solyndra’s unique tubular solar panels.
The fate of Solyndra’s millions of unused glass tubes is still unknown (many of them were likely destroyed — we’ll get to that part of the story in a moment), but luckily a pair of Bay Area artists somehow managed to get their hands on some of the surviving Solyndra tubes and put them to good use…not to produce electricity, but as art.
Go read the rest.
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Obama: “When I Try Something That Doesn’t Work, Then I Don’t Try It Again,” Then Vows More Subsidies for “Green” Energy Firms Like Solyndra Of course the irony is lost on him. Click on the title to read the whole story....
-
WHITE HOUSE REFUSES TO COMPLY WITH SUBPOENA FOR SOLYNDRA DOCUMENTS From Ace:The White House on Friday all but refused to turn over the documents House Republicans have subpoenaed on bankrupt solar firm Solyndra, firing off a letter saying the request...
-
The Solyndra Fraud - Fraud against the United States is one of the most serious felony offenses in the federal penal law From National Review, via Will at The Other News: The solar-energy company was a con game.The Solyndra debacle is not just Obama-style...
-
Did Solyndra Actually Get a Second Loan of $469 Million, Bringing the Full Loan Package To Over A Billion?From Ace:This is unclear. The great @williamamos highlighted the fact that Solyndra did indeed apply for a second big loan guarantee, noting this...
- Bargain-hunters Flock To Solyndra Auction
Tags: Solar Energy Companies, Solar Energy Information If you’re in the market for an office chair, an automated inline glass coating system, or a souvenir T-shirt from a defunct solar company, you’re in luck. Solyndra , which filed for bankruptcy...