Green Energy
Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan
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Beacon Power, Backed by Obama Administration Provided US Loan Guarantees, Just Like Solyndra, Files BankruptcyFrom Eye on the World: Oct. 31 (Bloomberg) -- Beacon Power Corp., an energy- storage company that received $43 million in backing from...
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US Gov't approves 4 more solar energy loan guarantees worth nearly $5B on Friday From Will at The Other News: The U.S. Energy Department approved four more solar energy loan guarantees worth nearly $5 billion on Friday just hours before a controversial...
- The Bankruptcy Of Obama's "green Economy"
From Will at The Other News: Congressional Investigator: More Solar Bankruptcies to Come.(Heritage).A top congressional investigator said on Tuesday that he believes more companies that benefitted from the stimulus bill’s renewable energy loan guarantee...
- Warren Buffett Is Getting Into The Solar Business
Warren Buffett is getting into the solar business by buying one of the world’s largest solar PV plants – the $2 billion Topaz project under development in southern California. Buffet’s utility, MidAmerican Energy Holdings, is making the acquisition...
- 4 Solar Loans Guarantees By Obama In Us
Solar energy is regaining more importance and recognition over the days and recently, governments have begun taking huge leaps in this domain by encouraging and pushing solar energy companies forward. And today, on the 30th of September 2011, Obama's...
Green Energy
Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan
From Will at The Other News:
It’s as if Solyndra never happened.Read the full story here.
The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG.Team Obama is spending $737 million to create 45 permanent jobs.The Hill reported, via Free Republic:
The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project.
The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington.
The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve.
Crescent Dunes is the latest solar project to receive a loan guarantee from the Energy Department in recent weeks. The department announced a $1.2 billion loan guarantee to Abengoa Solar for a solar generation project in California and a $150 million loan guarantee to 1366 Technologies for a Massachusetts solar manufacturing project earlier this month.
The Energy Department says the project will result in 600 construction jobs and 45 permanent jobs.
It looks like Rep. Allen West was right.
Obama IS trying to destroy the economy.
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Beacon Power, Backed by Obama Administration Provided US Loan Guarantees, Just Like Solyndra, Files BankruptcyFrom Eye on the World: Oct. 31 (Bloomberg) -- Beacon Power Corp., an energy- storage company that received $43 million in backing from...
-
US Gov't approves 4 more solar energy loan guarantees worth nearly $5B on Friday From Will at The Other News: The U.S. Energy Department approved four more solar energy loan guarantees worth nearly $5 billion on Friday just hours before a controversial...
- The Bankruptcy Of Obama's "green Economy"
From Will at The Other News: Congressional Investigator: More Solar Bankruptcies to Come.(Heritage).A top congressional investigator said on Tuesday that he believes more companies that benefitted from the stimulus bill’s renewable energy loan guarantee...
- Warren Buffett Is Getting Into The Solar Business
Warren Buffett is getting into the solar business by buying one of the world’s largest solar PV plants – the $2 billion Topaz project under development in southern California. Buffet’s utility, MidAmerican Energy Holdings, is making the acquisition...
- 4 Solar Loans Guarantees By Obama In Us
Solar energy is regaining more importance and recognition over the days and recently, governments have begun taking huge leaps in this domain by encouraging and pushing solar energy companies forward. And today, on the 30th of September 2011, Obama's...