Posted on 09/30/2011 1:38:57 PM PDT by abb
With a midnight deadline looming, the Energy Department has approved three more loan guarantees for solar energy totaling about $3.5 billion.
Energy Secretary Steven Chu says the department has completed a $1.5 billion loan guarantee to Arizona-based First Solar Inc. for a 550-megawatt solar farm on federal land in Southern California and $646 million to Exelon Corp. for a 230-megawatt solar plant near Los Angeles.
A third project, worth $1.4 billion, will support installation of about 750 solar rooftop panels in 28 states.
snip
(Excerpt) Read more at cbsnews.com ...
I want my ****in’ money back.
http://www.nationalreview.com/corner/278867/32-million-job-doe-awards-another-646-million-loan-solar-company-andrew-stiles
$32 Million Per Job: DOE Awards Another $646 Million Loan Guarantee to Solar Company
http://www.forbes.com/sites/toddwoody/2011/09/30/d-day-for-green-energy-loan-guarantees-as-another-solar-firm-files-for-bankruptcy/
D-Day For Green Energy Loan Guarantees As Another Solar Firm Files For Bankruptcy
When a plane crashes, the FAA and NTSB will ground similar planes until they figure out what happened. We seemed to be launching more sorties of the same type of the crashed Solyndra. Should we ground at least some of these flights of fancy so we can do an accident investigation? /rhet
A third project, worth $1.4 billion, will support installation of about 750 solar rooftop panels in 28 states.
WTF?!?!
$1,866,666 per panel?!?
Their needs to be bodies hanging from light posts for this...
550-megawatt solar farm on federal land in Southern California and $646 million to Exelon Corp. for a 230-megawatt solar plant near Los Angeles.
that 780 MW see the numbers below......
The math is simple: to have 8,500 megawatts of solar capacity, California would need at least 23 projects the size of Ivanpah, covering about 129 square miles, an area more than five times as large as Manhattan. While there’s plenty of land in the Mojave, projects as big as Ivanpah raise environmental concerns. In April, the federal Bureau of Land Management ordered a halt to construction on part of the facility out of concern for the desert tortoise, which is protected under the Endangered Species Act.
A third project, worth $1.4 billion, will support installation of about 750 solar rooftop panels in 28 states.
My calculator must be broke: $1,400,000,000 / 28 'panels' = $1,866,667 per 'panel'.
Are the dam things made out of Platinum and Diamonds? Or designed by Christian Dior?
And yet the house and senate have done basically shit about this. Yeah, I know there are a couple congress critters checking things out; but its tooooo little to late.
That Rush caller wanted to know why they can’t fix pot holes?? Well, the money has been given to friends and buddies instead.
“There’s just no end to it”. And there won’t be . The publicants must benifit here in some way . They remain silent.
$1.866 million for each rooftop panel????!!!
WTF??????
That was exactly my reaction!!
Unless and until We the People are going to do something about it, yep, BOHICA!
And with funds borrowed from China?
Good Grief!
UPDATE:
http://www.cbsnews.com/stories/2011/09/30/ap/business/main20114073.shtml
September 30, 2011 4:13 PM
Gov’t backs 4 more solar loans as deadline looms
WASHINGTON — The Energy Department on Friday approved four more solar energy loan guarantees worth nearly $5 billion, hours before a controversial loan program was set to expire.
Energy Secretary Steven Chu said the department completed deals on four separate projects, including two that were sold late this week by Arizona-based First Solar Inc., a major solar manufacturer that had been seeking three federal loan guarantees for projects in California. The sales were announced Friday along with the loan guarantees.
snip
It’s now four loans at $5 billion. You may want to change headline.
http://www.cbsnews.com/stories/2011/09/30/ap/business/main20114073.shtml
They created a special government bank to do this, apparently.
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.