Obama admin approves 2 NEW solar loans worth $1B

[CaféAuLait]

Obama admin approves 2 solar loans worth $1B

WASHINGTON (AP) — The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration's green energy program.

Energy Secretary Steven Chu said the department has completed a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower on federal land near Tonopah, Nev., and a $337 million guarantee for Mesquite Solar 1 to develop a 150 megawatt solar plant near Phoenix.

The loans were approved under the same program that paid for a $528 million loan to Solyndra Inc., a California solar panel maker that went bankrupt after receiving the money and laid off 1,100 workers. Solyndra is under investigation by the FBI and is the focal point of House hearings on the program.

Obama admin approves 2 solar loans worth $1B - Yahoo! News

 

[freedombecki]

Obama admin approves 2 solar loans worth $1B

WASHINGTON (AP) — The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration's green energy program.

Energy Secretary Steven Chu said the department has completed a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower on federal land near Tonopah, Nev., and a $337 million guarantee for Mesquite Solar 1 to develop a 150 megawatt solar plant near Phoenix.

The loans were approved under the same program that paid for a $528 million loan to Solyndra Inc., a California solar panel maker that went bankrupt after receiving the money and laid off 1,100 workers. Solyndra is under investigation by the FBI and is the focal point of House hearings on the program.

Obama admin approves 2 solar loans worth $1B - Yahoo! News

Oh, my aching back. Obama's still loansharking? Well, this person occupying the people's White House must think he's in Never-Never Land, because he never, never learns from his mistakes.

 

[Avatar4321]

Obama doubling down again

 

[CaféAuLait]

Obama admin approves 2 solar loans worth $1B

WASHINGTON (AP) — The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration's green energy program.

Energy Secretary Steven Chu said the department has completed a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower on federal land near Tonopah, Nev., and a $337 million guarantee for Mesquite Solar 1 to develop a 150 megawatt solar plant near Phoenix.

The loans were approved under the same program that paid for a $528 million loan to Solyndra Inc., a California solar panel maker that went bankrupt after receiving the money and laid off 1,100 workers. Solyndra is under investigation by the FBI and is the focal point of House hearings on the program.

Obama admin approves 2 solar loans worth $1B - Yahoo! News

Oh, my aching back. Obama's still loansharking? Well, this person occupying the people's White House must think he's in Never-Never Land, because he never, never learns from his mistakes.

Indeed. Given the loand were approved under the SAME program that approved the Solyndra mess, I would have taken those loans off the table and assured the tax payers were not going to lose money again.

Not to mention all these solar companies going belly up kept blaming China and their low prices. What changed which will assure these new companies Obama has decided to back will make it?

 

[DontBeStupid]

You all do know the difference between a loan and a loan guarantee, right?

'Cause I'm thinking you don't.

 

[iamwhatiseem]

To the OP....I beat you to it...

http://www.usmessageboard.com/politics/187127-think-solyndra-is-bad-there-is-worse.html

 

[Jackson]

Swell. Just swell. Can we hurry up 2012?

 

[DontBeStupid]

To the OP....I beat you to it...

http://www.usmessageboard.com/politics/187127-think-solyndra-is-bad-there-is-worse.html

Yup. That's what I thought. You don't know the difference.

 

[Moonglow]

I am glad to see investing in green energy, I hope it turns out well