One of many corrupt green energy projects involving the Obama administration and people with big bucks who donate to him. The modern version of the old “pay to play” scam.
Another tidbit about Abound Solar:
As the now-bankrupt stimulus loan recipient Abound Solar filed for Chapter 7 (liquidation) bankruptcy in early July thanks largely to its defective modules, the Department of Energy still praised the company’s work as “innovative” and cost competitive, all while it blamed Abound’s failure on China for dumping underpriced panels on the market.
And now, despite the fact that Abound no longer exists, DOE is still withholding public information about the company because it claims it would harm the inactive business’s competitive edge by disclosing trade secrets.
~snip~
“Our solar modules worked as long as you didn’t put them in the sun,” an internal source told The Daily Caller News Foundation.
http://nlpc.org/stories/2012/10/10/doe-hiding-truth-about-bankrupt-abound-solars-defective-panels
Our solar modules worked as long as you didn’t put them in the sun ...
8-)
A political payback in a classic pay-to-play scheme. The billionaire heiress Pat Stryker could have financed the entire project herself, but instead used her political connections to put taxpayers on the hook.
http://completecolorado.com/stories/markey-stryker-pay-to-play.html