Browsing All posts tagged under »Renewable Energy Loans«

Biden Will Use Bureaucracy To Advance Green Energy Boondoggles

January 20, 2021 by

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By Larry Bell ~ Remember Solyndra? In case you’ve forgotten, it was a California solar panel developer that defaulted on a $535 million Obama-Biden administration Department of Energy stimulus loan guarantee that, along with four other bankrupted companies, collectively left U.S. taxpayers on the hook for more than $2.2 billion. According to documents obtained by […]

Bankrupt DOE Loan Recipient Abound Solar Under Investigation, Panels Suffered “Catastrophic Failure”

October 7, 2012 by

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By Michael Sandoval ~ Abound Solar, a Department of Energy $400 million loan guarantee recipient that went bankrupt earlier this year, is under investigation by officials in Weld County, Colorado. The company, which received nearly $70 million in loan funding before payments were cut off by DOE in 2011, also received a $100,000 tax break […]

Stimulus-Backed Solar Company Lays Off 70 Percent of Workforce

March 1, 2012 by

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By Lachlan Markay ~ President Obama used a weekly address in July 2010 to tout his stimulus package’s support for the solar industry. One of the companies he mentioned specifically, Abound Solar, just announced that it will lay off 70 percent of its workforce. Abound would “creat[e] more than 2,000 construction jobs and 1,500 permanent […]

CBS Exposes ‘the New Solyndras’ – Will ABC and CBS Follow Suit?

January 14, 2012 by

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By Scott Whitlock According to a CBS News investigation, the controversial government loan to now-bankrupt Solyndra wasn’t an isolated incident. “CBS This Morning” reporter Sharyl Attkisson explained, “We identified 11 green energy companies beside Solyndra that, together, got billions of tax dollars then declared bankruptcy or are suffering other serious financial issues.” A CBS graphic […]

In Pictures: Energy Department’s Renewable Energy ‘Investments’

December 9, 2011 by

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By Lachlan Markay The Washington Post put together a handy infographic examining the distribution of $36 billion in Energy Department financing for renewable energy companies. Solar power generation companies were the largest beneficiaries of DOE’s “investments,” with twelve companies having received a third of the financing under the program.   Lachlan Markay works to advance  […]

Congressional Investigator: More Solar Bankruptcies to Come

September 14, 2011 by

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By Lachlan Markay A top congressional investigator said on Tuesday that he believes more companies that benefitted from the stimulus bill’s renewable energy loan guarantee program will go bankrupt before all allotted funds are spent. The program, which guaranteed a $535 million loan to Solyndra before the company declared bankruptcy last week, still has $8-10 […]