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Keyword: solarreserve

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  • Crispy Critters — Nevada Solar Plant Not For The Birds

    02/25/2015 9:50:11 AM PST · by raptor22 · 28 replies
    investor's Business Daily ^ | February 25, 2015 | IBD EDITORIALS
    A solar-power project set to open next month in Nevada has fried 130 birds during tests and will soon join another solar farm in California in avian incineration. If as many birds being burned by solar power farms built in the U.S. were to wash up on our beaches soaked in crude oil from a leaking offshore well, the outrage would be deafening. But as with the wind turbines that now cover acre upon acre of former "pristine" countryside, what amount to avian Cuisinarts slicing and dicing everything that flies, including endangered species, only the crickets are chirping. House Minority...
  • Green Jobs Are a National Scandal - More bankruptcies are to come.

    10/11/2011 9:08:35 AM PDT · by neverdem · 13 replies
    NATIONAL REVIEW ONLINE ^ | October 7, 2011 | Deroy Murdock
    Green Jobs Are a National ScandalMore bankruptcies are to come. Solargate is just the tip of the iceberg.This cliché within a mixed metaphor reflects the madness of President Obama’s obsession with “green jobs.” It would be bad enough if this disaster were limited to possible criminality at Solyndra — the solar-panel maker that Obama stimulated with loan guarantees, despite repeated warnings about its rickety finances.“The true engine of economic growth will always be companies like Solyndra,” Obama proclaimed at its Fremont, Calif., headquarters on May 26, 2010. Not quite. Solyndra’s August 31 bankruptcy transformed 1,100 green jobs into pink slips...
  • Solargate Opens Wide

    09/30/2011 4:54:42 PM PDT · by Kaslin · 18 replies
    IBD Editorials ^ | September 30, 2011 | Staff
    Corruption: It turns out a recent recipient of the administration's largesse is from the House of Pelosi. The green energy scandal keeps picking up speed. Last week, the Energy Department completed a $737 million loan guarantee to Tonopah Solar Energy and an additional $337 million for Sempra Energy. On the surface, there's nothing suggesting either is improper. But just beneath the surface is the clear appearance of impropriety. Tonopah Solar is a wholly owned subsidiary of SolarReserve, which lists among its "investment partners" a company named Pacific Corporate Group. Again, on the surface, no hint of corruption. But an enterprising...
  • Crony Capitalism: $737 Million Green Jobs Loan Given to Nancy Pelosi's Brother-In-Law

    09/29/2011 9:54:23 AM PDT · by Mount Athos · 16 replies · 1+ views
    weekly standard ^ | Sep 29, 2011 | MARK HEMINGWAY
    Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies -- including a $737 million loan guarantee to a company known as SolarReserve: SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada. The 110-megawatt Crescent Dunes project, near Tonopah, Nevada, will use the sun’s heat to create steam that drives a turbine, the agency said today in a e-mailed statement. SolarReserve is based in Santa Monica, California. On SolarReserve's website is a list of "investment...
  • Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan

    09/28/2011 11:45:49 AM PDT · by Nachum · 34 replies · 1+ views
    Gateway Pundit ^ | 9/28/11 | Jim Hoft
    It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG. Team Obama is spending $737 million to create 45 permanent jobs. The Hill reported, via Free Republic: The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project. The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009...
  • More solar companies led by Democratic donors received federal loan guarantees

    09/28/2011 10:15:09 PM PDT · by martosko · 19 replies · 1+ views
    The Daily Caller ^ | 09/29/2011 | John Rossomando
    A Daily Caller investigation has found that in addition to the failed company Solyndra, at least four other solar panel manufacturing companies receiving in excess of $500 million in loan guarantees from the Obama administration employ executives or board members who have donated large sums of money to Democratic campaigns. And as questions swirl around possible connections between political donations and these preferential financing arrangements, the Obama White House suddenly began deflecting The Daily Caller’s questions on Wednesday to the Democratic National Committee. Asked Wednesday to comment on the connection between large Democratic donors and Obama administration loan guarantees to...