Arbo
DP Veteran
- Joined
- Dec 4, 2011
- Messages
- 10,395
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- 2,744
- Location
- Colorado
- Gender
- Male
- Political Leaning
- Independent
Solar company bankrupt despite 'win-win' DOE loan | Campaign 2012 | Washington Examiner
Your tax dollars wasted, again.
In keeping with the recent trend of so-called green companies going into the red, another solar energy company supported by President Obama's top administration officials declared bankruptcy today.Solar Trust for America received $2.1 billion in conditional loan guarantees from the Department of Energy -- "the largest amount ever offered to a solar project,"according to Energy Secretary Steven Chu -- for a project near Blythe, Calif., butdeclared bankruptcy within a year. It is unclear how much of the guarantee, if any, was actually awarded.
Your tax dollars wasted, again.