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.
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(Excerpt) Read more at cbsnews.com ...
It's not like we don't have a few more extra billion tax dollars just lying around looking for a way to pay off Democrat donors.
Sheesh! Get a life!!
That’s $1,866,667 per rooftop, are they insane????????
I’m not sure about that “third project”, but the rest of these loans are not of the Solyndra variety.
First Solar is a real, and damn good, 100% USA solar company with great technology. The loans for them are not for pie in the sky technology like Solyndra was, but for an actual power generation plant using proven technology.
Not saying our gov’t should be doing this, but don’t think that these are money flushed down the drain. FSLR will use the cheapest funding they can get to get the project off the ground, but they have commitments to sell the plant once it’s completed.
It’s apples and oranges comparing these loans to the one for the highly politically connected Solyndra. Again, not sating we should be doing this, but we will get our money back from these.
No, the Treasury has it’s own little bank. It was on the Fox business channel. The Federal bank is akin to Timmy Geithners personal wallet..funded with Treasury funds..in other words OUR MONEY.
Nice reporting by Elizabeth McDonald, these people need a tar and feather facial...
http://www.foxbusiness.com/markets/2011/09/28/government-bank-financing-more-solyndras/
Where is that loser Boehner? I want him replaced with a leader that defund the DOE.
Ya sayin they threw a tarp over it?
Ruling class R's can't wait till they get to grift like the ruling class D's do!
Agreed!
But Republicans have been as bad as Democrats in handing taxpayer money to “business”. They both have different names for what has become the great crony capitalist giveaway. Taxpayers should not be required to subsidize any business entity, be it Exxon or Solyndra, but we have been doing it by the truckloads and their is never a financial return for taxpayers, just risk.
BTW not one nuclear power plant has ever been built by putting private capitalist dollars at risk. They’ve always been built and insured with taxpayer money.
We don’t need crony politicians funding crony business interests with our hijackedy, be they NFL stadiums or local Walmarts, or Solyndra. If a venture isn’t good enough for private investment to fund it then it isn’t a good investment. This process of convincing politicians to hand out taxpayer money has become the primary mission of corporate lobbyists (ex-politicos).
Check the map of these “projects”.... Very few in flyover country, they are mostly located on both coasts
https://lpo.energy.gov/?page_id=45
Middle of page - select projects all
Please indicate the section of the Constitution that empowers this.
As far as your excuse making - the government subsidizes “green” energy consumption, and green energy production, and in many cases REQUIRES the purchase of “green energy” sources.
REQUIRES.
This is not a technical issue. This is an economic and legal issue.
So - please provide your reasoning for our need for uneconomical energy sources that require public funding and government required consumption.
As far as your technology cheerleading - a cost per MW solar vs coal or Nat gas will be fine.
get our money back??? LOL. What the heck are you smoking :) You are either young and incredibly naive --lol
This is outright theft of taxpayer dollars. It is immoral and highly corrosive for government to be acting in such manner.
Also, please point me to the article and section of the United States Constitution that grants the Federal government this authority.
The Green movement is the biggest fraud on planet Earth. It is led by people who are evil at their core. If any of the green technology was feasible it would not need one penny of taxpayer money.
“A third project, worth $1.4 billion, will support installation of about 750 solar rooftop panels in 28 states.”
-—> $1.87 MIL PER HOUSE!
utter madness and depravity
“There’s just no end to it...”
Culturally for many we need to point out to the left and the Independence, that Government here and everywhere else is effectually picking winners and losers and thus inevitably delivering the spoils to its friends while chocking(with taxes and regulations) its enemies.
That this is a Civil War we have been waging upon each other, and the battlefield is only expanding to every area goverment has expanded to in both scope and intensity.
If they value any aspect of their life, any good or service. Then they must leave that area/aspect to the people in peace. They must not let goverment take control and/or influence over it.
It must remain the domain of the individual in every respect both provision and control, or it will inevitably become the domain of political war, and the devastation that follows.
I would think the desert tortoises would appreciate having cool shady spots under the solar panels. They might even make more little tortoises as a result.
Consider the fate of the caribou in Alaska. According to environmentalists, the pipelines were sure to destroy their habitat. The opposite happened, and the herds have doubled in size. Seems they like the warm pipelines and they just do what comes naturally.
I would think the desert tortoises would appreciate having cool shady spots under the solar panels
......we’re talking about enough shade to cover South Carolina.
Oliver Stone’s recent movie, Money Never Sleeps, has this interesting line for Gekko: Green Energy, the new bubble.
Those had better be some really honking big solar panels.
These “loans” are just in time for the companies to get the contributions ready for the campaigns next year.
One point eight million per roof or 100k per roof and 1.7 million gone down the accounting rabbit hole and out the back door to political machine?
Just sayin’
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