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Keyword: jigarshah

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  • Biden's Lame-Duck Loan Czar Finalizes $1.6 Billion Award to Green Power Company He Invested In

    01/20/2025 7:37:58 AM PST · by Twotone · 10 replies
    Washington Free Beacon ^ | January 17, 2025 | Alana Goodman
    President Joe Biden's departing green energy loan czar this week finalized a controversial $1.6 billion federal loan to a green energy company with which he had prior financial ties—a farewell shot at federal investigators who have been probing conflicts of interest in his lending office. The Department of Energy's loan to Plug Power, a hydrogen fuel developer, comes months after Republican lawmakers raised concerns about the company's past business relationship with DOE Loan Programs Office director Jigar Shah. Shortly before joining the Biden administration, Shah invested $100 million in Plug Power through a green financial firm he founded called Generate...
  • Biden’s Energy Loan Czar Was a Major Investor in a Near-Bankrupt Energy Company. That Company Is Set To Receive $1.5 Billion From His Office

    01/05/2024 9:51:46 PM PST · by george76 · 14 replies
    Washington Free Beacon ^ | January 5, 2024 | Alana Goodman
    Biden energy loan czar Jigar Shah was a major investor in a struggling green energy company that is in advanced talks to receive a $1.5 billion loan from his office. The Department of Energy’s loan office, where Shah serves as director, is working to fast-track the funding to Plug Power, a hydrogen fuel company on the brink of bankruptcy. But the ties between Plug Power and Shah could add to concerns from lawmakers about conflicts of interest in the federal loan program. Securities and Exchange Commission records detail a long-standing financial relationship between Plug Power and Generate Capital, an investment...
  • Biden Admin Sent Billions in Tax Dollars to Fraudulent Solar Company

    12/08/2023 9:19:53 AM PST · by Red Badger · 63 replies
    SLAY News ^ | December 8, 2023 - 11:54 am | Frank Bergman
    An investigation has been launched into the U.S. Department of Energy (DOE) after Democrat President Joe Biden’s administration was found to have sent billions of dollars in taxpayers’ money to a fraudulent solar company. Biden’s DOE recently gave a $3 billion award to a solar energy company that has been accused of scamming vulnerable customers. Republican leaders in the House and Senate are probing the DOE over the move. The investigations are being led by House Energy and Commerce Chair Cathy McMorris Rodgers (R-WA) and Senate Energy and Natural Resources Ranking Member John Barrasso (R-WY). In a letter to DOE...
  • Biden's Energy Loan Czar Founded a Trade Association. Now It's Selling Access to Him.

    10/06/2023 12:05:33 PM PDT · by ConservativeInPA · 8 replies
    Washington Free Beacon ^ | October 6, 2023 | Alana Goodman
    A private trade association founded by the Biden administration’s energy loan czar Jigar Shah has become a gatekeeper for companies seeking billions of dollars in financing from Shah’s office. The Cleantech Leaders Roundtable has seen a surge in its influence and revenue since its former president, Shah, was tapped to lead the powerful $400 billion Department of Energy Loan Programs Office (LPO) in 2021. The group, which didn’t have a website until three years ago, now regularly hosts sold-out receptions featuring Shah for its paying members across the country. Last week, the DOE Loans Program Office and Cleantech Leaders co-hosted...