Posted on 04/28/2017 10:22:22 AM PDT by WombatKing
The filing, signed by HelioPower President Maurice Russo, says that despite borrowing nearly $3 million from its parent company Sierra Nevada Solar (SNS) over a period of years, its current revenues are not enough to keep up with its debt obligations. In fact, HelioPower has borrowed $182,218 from SNS so far in 2017 just to meet its payroll obligations.
(Excerpt) Read more at pv-magazine-usa.com ...
I got pinged last time for not doing the posting right. I don’t want to violate FR protocol again. Did I do it right this time?
[I don’t know why the libs keep trying to tell me it’s successful.]
No doubt the libs are heavily invested in solar power. They thought they were getting in on the ground floor of something HUGE & SERIES!
Solyndra part II?
Looks good to me.................
Oh boo hoo!!
Your post looks fine to me. Thanks for posting this.
” I don’t know why the libs keep trying to tell me it’s successful. “
For the same reason the websites keep telling you that herbal remedy XYZ cures everything.
They are VERY Successful
In funneling money to liberals
Create a company, take several $millions of taxpayer money, go bankrupt, donate to liberal congressman. Repeat.
I am all for alternative energy but like earth day in the 70s nothing changed.
I was thinking about the pollution caused by electric cars, we know to build them, I have been told, make more pollution than regular cars.
And
Wudda ya gonna do with the expired batteries? How about when that battery dies, it costs 5000 dollars to replace - and many are not just let the car sit....more pollution.
Oh facts those pesky things!
Good post. The free market is the best arbiter of succuss ever created. If the value provided by a thing is worth what it costs, then it may succeed.
I expect more of the liberal govt funded companies to fold now that they will need to stand on their own more
I expect more of the liberal govt funded companies to fold now that they will need to stand on their own more
If they didn’t have to buy all that NG to keep the turbines spinning maybe it could have been a going concern.
CIRCA 9/16/15 Obama pledges $120M toward solar power, clean energy / By Timothy Cama, thehill.com
The Obama administration announced Wednesday morning a series of efforts worth more than $120 million aimed at boosting solar and other clean energy sources. The initiatives focus on the Department of Energy, where the bulk of the funding will go to programs to develop solar power technology and get it into homes, businesses and other facilities.
“President Obama and Vice President Biden are committed to promoting smart, simple, low-cost technologies to help America transition to cleaner and more distributed energy sources, help households save on their energy bills, and to address climate change,” the White House said in a fact sheet outlining the efforts. “All told, this funding will drive the development of affordable clean energy throughout the country,” it said.
The actions aim to help out solar power in 24 states, officials said. The announcements come the same day Biden, currently considering a bid for president, is scheduled to speak at a major solar industry conference in California and at a climate change summit with U.S. and Chinese leaders later in the afternoon.
Solar power has been a top priority and talking point for the Obama administration’s energy and environmental policy priorities as officials push for an increase in low- or zero-carbon electricity sources. The industry has expanded greatly under Obama. The White House says approximately 734,000 homes have solar panels, up from 66,000 homes when Obama took office.
But solar still only represents a small sliver of the country’s power generation. Solar produced 0.4 percent of the United States’s electricity last year.
In the early days of car manufacturing there were 4000 car companies in the U.S. You can’t necessarily tell that much about the future of a technology from the number of companies dropping out.
What a pathetic criminal joke on us...
I think you mean HUGH & SERIES! LOL :-)
LOL :) No FREEPER should ever mess up HUGH & SERIES
Is the post still in the FR Archives? I couldn’t bring it up.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.