Posts Tagged ‘LM Wind Power’

Gone with the Wind

Friday, August 17th, 2012
Source:  Washington Free Beacon

Green energy firm sacks two-thirds of American workforce days after receiving $32 million government loan
Just days after the Export-Import Bank approved a multi-million dollar federal loan guarantee to benefit a mostly foreign-based wind-energy outfit, the company pink-slipped more than 200 American workers.

The Export-Import Bank, a federal agency that promotes and finances sales of U.S. exports to foreign buyers, approved a $32 million loan guarantee on Aug. 2 for a Brazilian firm to purchase wind turbines from LM Wind Power. According to its website, LM Wind Power is headquartered in Denmark. (more…)