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  • Obama admin approves 2 solar loans worth $1B (Obama blows $1 billion more taxpayer's money)

    09/28/2011 3:09:13 PM PDT · by tobyhill · 44 replies
    google ^ | 9/28/2011 | By MATTHEW DALY
    The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration's green energy program. Energy Secretary Steven Chu said the department has completed a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower on federal land near Tonopah, Nev., and a $337 million guarantee for Mesquite Solar 1 to develop a 150 megawatt solar plant near Phoenix. The loans were approved under...