Solar Trust of America goes Bankrupt

Discussion in 'Economy' started by Nova78, Apr 13, 2012.

  1. Nova78
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    Nova78 Silver Member

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    $i-xwvZWZW-S.jpg Another solar company crashes into the sun – Solar Trust of America | Radio Vice Online

    Less than one year ago, the Obama administration’s Department of Energy offered – at that time – the second largest loan guarantee evah for an energy project. Solar Trust of America – filed for bankruptcy yesterday.The Oakland-based company has held rights for the 1,000-megawatt Blythe Solar Power Project in the Southern California desert, which last April won $2.1 billion of conditional loan guarantees from the U.S. Department of Energy. It is unclear how the bankruptcy will affect that project.

    Dropping like flies,hell I think I want one of those government -easy money loans:eusa_clap:
     
    Last edited: Apr 13, 2012
  2. Katzndogz
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    Katzndogz Diamond Member

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    Which alternative energy company that got government funding has been successful?
     
  3. Widdekind
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    Widdekind Member

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    so "they take all the free money, until non-delivery dries up even the Public purse" ? ever any intention of delivering functioning product ?
     
  4. Mr. H.
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    Mr. H. Diamond Member

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    Know why you never hear about oil and gas companies defaulting on government loan guarantees?

    'Cause there are none.
     
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  5. Widdekind
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    Widdekind Member

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    oil subsidies ?

    ("for the record", as they say, does anybody dispute, that oil has zero off-world potential, i.e. "nobody will ever use petrol to power space craft" ? Does anybody dispute the quote, from the movie K-19, by "reactor officer Radtchenko", that "nuclear power ... will open up the planets [to off-world exploration]" ? I.e. in the "long-term", Big Oil offers zero future ?)
     
  6. starcraftzzz
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    starcraftzzz Senior Member

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  7. whitehall
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    whitehall Gold Member

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    Solar energy and Trust is an oxymoron.
     

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