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.
Where is that loser Boehner? I want him replaced with a leader that defund the DOE.
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
“A third project, worth $1.4 billion, will support installation of about 750 solar rooftop panels in 28 states.”
-—> $1.87 MIL PER HOUSE!
“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.
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’
Apparently the 750 installations are on their own buildings, 750MGW worth, which is 1.87 million per MW. Someone we know pays .30 per KW/hr in California, 750MW/HR on the market at that rate would be $225,000/HR, or 5.4 million per day @ 100% availability.
http://news.businessweek.com/article.asp?documentKey=1376-LS509J6VDKIB01-5MV61U8KIRL85THNJQ77SUT8OF
Like Solyndra’s George Kaiser, Colorado also features an Obama bundler whose direct investments included a solar company that received $400 million in loan guarantees from an enthusiastic and willing Obama administration.
Obama supporter Pat Stryker, who bundled $87,500 for the president in 2008, is a major investor in Abound Solar, a company that was awarded a $400 million stimulus loan. Obama even bragged about his support for the company in a July 2010 Weekly Address.
...Obama gifted the solar company with a $400 million loan guarantee after the election.
Because the US is rolling in dough at this point and we can afford a technology that so far hasn’t proven very profitable for the private companies operating it..........
What an idiotic series of loans.
The new President, after he cancels Bobocare, as his second act, should call these loans due.
Whatever they can get away with...
And they ignored our down grading to AA+ - Barry’s intent all along was to bring it down w/no possibility of it going up. Where aren’t these candidates screaming from the rooftops about this - instead of trying to prove they aren’t racist - the trap set out for them by the left! No leader among them!
Will someone wake me when this nightmare from hell is over? cut the military retirees and veterans, hit the taxpayers on bailouts, throw money to nations that not only hate us but give us nothing but grief in return...please tell me this is not really happening!
have they no shame?
But Harry Reid couldn’t find $3 billion in cuts to offset additional aid to FEMA and threatened to close down the govt if it wasn’t added to the debt.