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soonercruiser
9/29/2011, 11:40 PM
Just when you though that the Solyndra scandal was enough.....:chargrined:

Obama Administration Solar Loans: Energy Department Approves 2 Guarantees Worth More Than $1 Billion

http://www.huffingtonpost.com/2011/09/28/obama-administration-solar-loans_n_985481.html

WASHINGTON — The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration's green energy program.

Energy Secretary Steven Chu said the department has completed a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower on federal land near Tonopah, Nev., and a $337 million guarantee for Mesquite Solar 1 to develop a 150 megawatt solar plant near Phoenix.

SolarReserve LLC, of Santa Monica, Calif., the parent company for Tonopah, is privately held. The Energy Department said its rules prevented it from discussing the company's financial information. Sempra Energy of San Diego, which owns Mesquite, is publicly held.


Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan
Posted by Jim Hoft on Wednesday, September 28, 2011, 12:14 PM
http://www.thegatewaypundit.com/2011/09/more-crony-socialism-obama-gives-737-million-to-pelosis-brother-in-laws-solar-firm/


It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG.

http://www.usmessageboard.com/politics/187153-pelosi-s-klan-gets-737-million-doe-loan.html

http://thepatriotswar.com/index.php/737-million-in-green-tech-loan-to-company-connected-to-pelosi-family/news_patriot/

TheHumanAlphabet
9/30/2011, 03:59 AM
Chicago thuggery at its best... Also like how obammy has upped the food stamps and even given the cheaters in oregon bonuses for signing up deadbeats for free "obama money"...

pphilfran
9/30/2011, 07:07 AM
The solar panels being used by Mesquite Solar 1 are produced in...China by Suntech...

sappstuf
9/30/2011, 07:18 AM
The solar panels being used by Mesquite Solar 1 are produced in...China by Suntech...

The stimulus continues to create jobs. Just not in the United States...

Wait a sec..


The two projects will create about 900 construction jobs and at least 52 permanent jobs, Chu said.

Almost a billion dollars... 52 jobs. Brilliant. I take it allll back.

pphilfran
9/30/2011, 07:34 AM
The Tonopah facility will be the first US solar tower...most of this money should stay in the US...

http://tonopahsolar.com/the_technology.html

http://solarreserve.com/pressReleases/CrescentDunesFinancialClosePressRelease28Sept11.pd f



The project is being constructed on federal land operated by the Bureau of Land Management. In November
2010, Interior Secretary Salazar signed the project’s thirty-year right-of-way and approval to construct.
“We expect to create more than 600 direct jobs on the project site over the 30 month construction period,
and more than 4,300 direct, indirect and induced jobs at companies throughout the US that provide
engineering, equipment supply and manufacturing, transportation and other value-added services. Orders
and activities are already proceeding in more than twenty states across the country,” Smith added.
During operations, the project will expend more than $10 million per year in salaries and operating costs,
and is forecasted to generate $47 million in total tax revenues through the first 10 years of operation -
contributing to workers’ paychecks, service businesses, local school systems and police and fire
departments. Under the project’s unique development agreement with Nye County, SolarReserve has
committed to filling 90% of the construction jobs with Nevada residents, utilizing both union and nonunion
subcontractors.

pphilfran
9/30/2011, 07:55 AM
Pelosi's BIL works for PCG- a private venture capital firm...you know, those firms that Obama is always bitching about....firms that make a bunch of money and then pay low tax rates....and since they are private we, the taxpayers, will know nothing about compensation of their employees...

I refuse to did any further, I may get sick...

pphilfran
9/30/2011, 08:01 AM
Oh, imo if you are a non public firm and want fed loans you WILL release info as if you are a public company...

sappstuf
9/30/2011, 08:05 AM
Oh, imo if you are a non public firm and want fed loans you WILL release info as if you are a public company...

*Unless your family is well connected.