>>>The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project.
How does this work? How is it funded?
If/when this project goes belly up, the funds from the US gov must flow to the lenders on this project. How does that get approved by the House? If it’s later, then shouldn’t these projects be included in the current spending plans? How can the Executive branch go and spend 3/4 of a trillion dollars without Congressional approval.
This is just mind-boggling.
Doing the math, we have $15-million to the Chinese for the panels, a few million for the transmission lines, and 720-million in “professional fees”.