Since the new ethanol biorefinery opened in Hugoton, Kansas last October (I mentioned that project earlier), the small town''s economy has boomed. New stores and motels are being built, new jobs are being created. All because Obama''s loan program – created by the ''09 economic stimulus law – funnelled money to this red-state backwater.
Despite the extraordinary failures of his green energy investment program, President Obama recently touted his efforts at a solar plant in Colorado.. The plant cost $141 million to build and was financed with $42 million in federal tax credits and $12 million in tax rebate commitments from Nevada.; The plant created 300 part-time construction jobs, but only
Solyndra was a manufacturer of cylindrical panels of copper indium gallium selenide (CIGS) thin film solar cells was based in Fremont, California 2009, the Obama administration co-signed $535 million in loans to Solyndra. [1]Heavily promoted as a leader in the sustainable energy sector for its unusual technology, Solyndra was not able to compete with conventional solar
A Few Stellar Solar Companies Receiving Stimulus Funds. The failures seemed to have started with Solyndra, a solar manufacturer that received almost all of its $535 million loan before filing for bankruptcy in 2011. The cause of Solyndra''s demise was its complicated technology that required a custom manufacturing facility and an expensive
President Obama''s leadership has catalyzed a global transition towards a clean energy economy. From 2010-2015 alone, the U.S. has invested in more than $11 billion in international clean energy finance – including grant-based assistance, development finance, and export credit – to support countries as they work to meet their growing energy needs, while
Solyndra isn''t a typical solar company: Solyndra did not make regular, flat solar panels. It made a more advanced, cylinder-shaped device designed to capture the sun''s rays on its entire surface
The first applications were approved in 2009, and through 2014 the Obama administration had issued some 38 loans and guarantees, covering 34 projects ranging from nuclear power plants to fuel
Another Obama Solar Company Burns Out, Massive Ponzi Scheme. by Joe Hoft. Jan 27, 2020. in News and Opinion. The Wall Street Journal reported that both Berkshire Hathaway and Progressive Insurance Company invested in the phony solar firm and they obviously lost money as well.
FILE--In this May 26, 2010 file photo, President Barack Obama, with Solyndra Chief Executive Officer Chris Gronet, looks at a solar panel, during a tour of Solyndra, Inc., a solar panel
Sept. 1, 2011 — -- Prominent Republican members of the House energy committee accused the Obama administration of "wasting" more than half a billion dollars in taxpayer money by making a
[+] speaks during news conference in front the shuttered Solyndra solar power company''s manufacturing facility May 31, 2012 in Fremont, California. The company filed for bankruptcy in 2011 after
Over $15 billion of taxpayer money is either gone or at risk and the percentage of political cronyism is at almost 60 percent (29 of the 50 companies had/have political connections, mostly to President Obama and Democratic officials).
Nine months later, in May 2010, President Obama toured the solar panel company in Fremont, Calif. It was part of his push to use the stimulus for creating green technology jobs. PRESIDENT BARACK
The most infamous of these was, of course, Solyndra, the solar energy company that received $530 million of taxpayer handouts and was touted many times by Obama, and Vice President Joe Biden, as
Transforming our Energy System, Creating Good Paying Jobs, and. Saving Americans on their Energy Bills . Through the American Recovery and Reinvestment Act (Recovery Act), President Obama made the largest single investment in clean energy in history, providing more than $90 billion in strategic clean energy investments and tax incentives to
According to Bloomberg New Energy Finance, the Chinese government in various forms has offered to loan solar companies like JA Solar, LDK Solar and Yingli Solar more than $30 billion in the past
In the 1705 government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial
Solyndra Inc., a renewable energy firm that became a darling of the Obama Administration, shut the doors of its California headquarters Wednesday, raising fresh questions from critics about political favoritism and wasted money in the federal loan program. The manufacturer of rooftop solar panels opened its doors in 2005, and in 2009 became the first []
On Friday, The Wall Street Journal''s editorial board wrote about another failure from the Obama era, this one costing taxpayers as much as $510 million. The company, Tonopah Solar Energy, operated the Crescent Dunes solar plant in Nevada, which received $737 million in guaranteed loans during the Obama administration.
A blue-black field of 5.2 million solar panels tilted toward the Arizona sun might just be the Hoover Dam project of the Great Recession. The Agua Caliente Solar Power Project hosts nearly 300
Romney''s campaign later clarified that he was solely referring to the Energy Department''s 1705 loan program, which provides about $16.1 billion to clean-energy companies.Yet of the 33 companies
Solyndra Flop May Cost Taxpayers, Embarrass Obama The bankruptcy of solar energy company Solyndra is being investigated by the FBI. The company received government loans and President Obama''s
What happened with SunPower? SunPower filed for Chapter 11 bankruptcy, which it says will give it time to try to sell its assets, which the company says includes its responsibilities to maintain
SunPower, a Silicon Valley solar pioneer, filed for bankruptcy in Delaware yesterday, marking the collapse of a onetime icon of American solar.. The company will sell some of its assets to the recently formed residential installer Complete Solaria, whose investors include veteran cleantech players John Doerr and T.J. Rodgers nPower identified assets and
A new TV ad airing in Florida and other states portrays President Barack Obama as a politician who showered millions of taxpayer dollars on "his friends at Solyndra," a once-hot solar company now
On Wednesday, the bankruptcy of a solar power company in California with political ties to the Obama administration appeared to be a story about the difficulties of nurturing green businesses in a
The federal government lost hundreds of millions of dollars when solar panel maker Solyndra and car company Fisker went bankrupt. Now the loan program has made up for early losses and is in the black.
The solar industry itself also doesn''t seem to have suffered much, with a recent industry report predicting the number of installed solar projects would more than double by 2021.
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