California – Energy Subsidies Destroy Economy – Video BY ROBERT ON SEPTEMBER 17, 2012 •
“San Luis Obispo County Supervisors approve of a $1.2 billion solar project with a bankrupt company that is owned by the French and subsidized by loan guarantees from the federal government.”
“(The project) will create only 12 permanent jobs, will manufacture solar panels in Mexico, and will cease operations in 50 years. Consumers will be forced to pay 50% above market price for the energy it produces.” Does the word “screwed” come to mind? http://www.youtube.com/watch?v=fpOLb5zyxZQ
"The true engine of economic growth will always be companies like Solyndra." - Barack Hussein Obama 5/26/2010
$627,000,000 in American taxpayer dollars flushed down the toilet with the failure of Solyndra.
Add to that eleven more that flushed taxpayer dollars down the bankruptcy poopchute:
1.Abound Solar (Loveland, Colorado), manufacturer of thin film photovoltaic modules. 2.Beacon Power (Tyngsborough, Massachusetts), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation. 3.Ener1 (Indianapolis, Indiana), built compact lithium-ion-powered battery solutions for hybrid and electric cars. 4.Energy Conversion Devices (Rochester Hills, Michigan/Auburn Hills, Michigan), manufacturer of flexible thin film photovoltaic (PV) technology and a producer of batteries and other renewable energy-related products. 5.Evergreen Solar, Inc. (Marlborough, Massachusetts), manufactured and installed solar panels. 6.Mountain Plaza, Inc. (Dandridge, Tennessee), designed and implemented “truck-stop electrification” technology. 7.Olsen’s Crop Service and Olsens Mills Acquisition Co. (Berlin, Wisconsin), a private company producing ethanol. 8.Range Fuels (Soperton, Georgia), tried to develop a technology that converted biomass into ethanol without the use of enzymes. 9.Raser Technologies (Provo, Utah), geothermal power plants and technology licensing. 10.Solyndra (Fremont, California), manufacturer of cylindrical panels of thin-film solar cells. 11.Spectrawatt (Hopewell, New York), solar cell manufacturer. 12.Thompson River Power LLC (Wayzata, Minnesota), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation.