Posts Tagged ‘solar fraud’

Obama’s solar Stimulus Snafu

Monday, September 5th, 2011

Source:  Wash Times

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ASSOCIATED PRESS President Obama speaks at Solyndra Inc. in Fremont, Calif., on Wednesday, after touring the facility that manufactures solar panels.

President Obama made a high-profile visit in May 2010 to Solyndra Inc. … purchase generic viagra online marketing application. online marketing staff … , a solar-panel manufacturing plant in Fremont, Calif. The company received $535 million in loans from the Energy Department and was a centerpiece of the Obama administration’s economic stimulus effort. “Companies like Solyndra are leading the way toward a brighter and more prosperous future,” Mr. Obama chirped. On Wednesday, Solyndra which chemists are selling a cheaper alternative to dapoxetine online ? • where can i get a chemist shipping dapoxetine 30mg tablets from canada on line ? closed its corporate headquarters, announced that it’s filing for bankruptcy and laying off 1,100 workers.

The Solyndra debacle is a case study in the failure of government intervention in the economy. Founded in 2005, the company manufactured a rooftop solar panel designed chiefly for commercial applications. Solyndra was a poster child of the utopian future envisioned by the Obama administration when oodles of green jobs would relieve the nation’s unemployment rate, generate clean energy and help the environment. Energy Secretary Steven Chu rushed through loan guarantees, and money began to flow to Solyndra from the Federal Financing Bank. The terms of the loans, just more than 1 percent interest in most cases, were well below the rates competitors had to pay. (more…)

German Solar Energy Gravy Train – The Coming Meltdown

Thursday, June 24th, 2010

by pgosselin

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Other blogs have mentioned today a report from the German financial daily, Handelsblatt here, but didn’t provide many details, and so I’ve decided to shine a little more light on the article. It is indeed frightening.

The German government has been generously subsidising renewable energy sources for years now, and it’s going to cost the German consumer a bundle – and soon.

The big price driver is solar energy. Year after year more and more panels are getting installed on German roofs and far surpassing even the most optimistic projections. But that shouldn’t be a surprise because Germany’s Energy Feed in Act (EEG Gesetz) guarantees solar energy system operators a fixed tariff for 20 years, making solar energy systems extremely lucrative for those who have them. (more…)