Saturday, June 16, 2012

Green Energy Failures by Obama


Just in case "they" actually pay attention to facts and figures:

If you happen to find yourself in a discussion with an Obama supporter you might need a few facts to explain why his policies are not all that great.

Green energy failures
Nevada Geothermal Power
Solyndra,
Ener1

Beacon Power
A123
Tesla Motors

Abound Solar
Iberdrola Renewables
Vestas Wind Systems

First Solar
Evergreen Solar
Spectrawatt

Solopower
Bright Source Energy

SunPower, after receiving $1.5 billion from DOE, is reorganizing, cutting jobs.

First Solar, after receiving $1.46 billion from DOE, is reorganizing, cutting jobs.

Solyndra, after receiving $535 million from DOE, filed for bankruptcy protection.

Ener1, after receiving $118.5 million from DOE, filed for bankruptcy protection.

Evergreen Solar, after receiving millions of dollars from the state of Massachusetts, filed for bankruptcy protection.

SpectraWatt, backed by Intel and Goldman Sachs, filed for bankruptcy protection.

Beacon Power, after receiving $43 million from DOE, filed for bankruptcy protection.

Abound Solar, after receiving $400 million from DOE, filed for bankruptcy protection.

Amonix, after receiving $5.9 million from DOE, filed for bankruptcy protection.

Babcock & Brown (an Australian company), after receiving $178 million from DOE, filed for bankruptcy protection.

A123 Systems, after receiving $279 million from DOE, shipped some bad batteries and is barely operating. It cut jobs.

Solar Trust for America, after receiving a $2.1-billion loan guarantee from DOE, filed for bankruptcy protection.

Nevada Geothermal, after receiving $98.5 million from DOE, warns of potential defaults in new SEC filings.

LightSquared ... received a $267 million loan from the United States Department of Agriculture’s Rural Development Utilities Program to provide wireless broadband to 500 communities in 17 states. It was the largest loan in USDA history at the time. Its satellite system would disrupt GPS devices in aircraft among other problems. The FCC ruled that it could not continue development. They filed for bankruptcy and are trying to reorganize.

Brian Hughes at the Examiner wrote:

Obama spent $90 billion of his stimulus package on green energy projects, including weatherization of buildings and development of electric vehicles. Yet, by the end of last year, just 16,100 people landed new jobs in the so-called green industry, Labor Department statistics show, far short of the 200,000 jobs the White House projected it would help create each year.

That comes out to $5.5 million per green job. What a deal!

Fisker ... The luxury carmaker Fisker Automotive continues to signal it could ditch plans to build its next generation hybrid electric vehicle in the United States, despite the nearly $200 million in Obama administration loan money it has already received.

Fisker received federal funds in part to help purchase a shuttered General Motors plant in Delaware, where it predicted it would one day employ 2,000 auto workers to assemble the clean-burning gas-electric family car, known as the Atlantic.

Note: Joe Biden is from Delaware!

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