Obama's Green Energy Failures (conspiracy, Brown, companies, compared)

[Roadking2003]

We don't need government picking winners and losers, even if they always picked the right ones. That is not a valid government function.But speaking of losers, here is Obama's list. I wonder how many of his buddies made a fortune with these corporate welfare gifts. Meanwhile hard working tax payers just keep supporting this loser.

The complete list of faltering or bankrupt green-energy companies:

1. Evergreen Solar ($24 million)*
2. SpectraWatt ($500,000)*
3. Solyndra ($535 million)*
4. Beacon Power ($69 million)*
5. AES’s subsidiary Eastern Energy ($17.1 million)
6. Nevada Geothermal ($98.5 million)
7. SunPower ($1.5 billion)
8. First Solar ($1.46 billion)
9. Babcock and Brown ($178 million)
10. EnerDel’s subsidiary Ener1 ($118.5 million)*
11. Amonix ($5.9 million)
12. National Renewable Energy Lab ($200 million)
13. Fisker Automotive ($528 million)
14. Abound Solar ($374 million)*
15. A123 Systems ($279 million)*
16. Willard and Kelsey Solar Group ($6 million)
17. Johnson Controls ($299 million)
18. Schneider Electric ($86 million)
19. Brightsource ($1.6 billion)
20. ECOtality ($126.2 million)
21. Raser Technologies ($33 million)*
22. Energy Conversion Devices ($13.3 million)*
23. Mountain Plaza, Inc. ($2 million)*
24. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
25. Range Fuels ($80 million)*
26. Thompson River Power ($6.4 million)*
27. Stirling Energy Systems ($7 million)*
28. LSP Energy ($2.1 billion)*
29. UniSolar ($100 million)*
30. Azure Dynamics ($120 million)*
31. GreenVolts ($500,000)
32. Vestas ($50 million)
33. LG Chem’s subsidiary Compact Power ($150 million)
34. Nordic Windpower ($16 million)*
35. Navistar ($10 million)
36. Satcon ($3 million)*

*Denotes companies that have filed for bankruptcy.


The Complete List of Obama's Taxpayer-Backed Green Energy Failures

[softblueyz]

It's working out so well that Obama mentioned in his 2011 State of the Union address that more money is needed.

[sanspeur]

Originally Posted by Roadking2003

We don't need government picking winners and losers, even if they always picked the right ones. That is not a valid government function.But speaking of losers, here is Obama's list. I wonder how many of his buddies made a fortune with these corporate welfare gifts. Meanwhile hard working tax payers just keep supporting this loser.

The complete list of faltering or bankrupt green-energy companies:

1. Evergreen Solar ($24 million)*
2. SpectraWatt ($500,000)*
3. Solyndra ($535 million)*
4. Beacon Power ($69 million)*
5. AES’s subsidiary Eastern Energy ($17.1 million)
6. Nevada Geothermal ($98.5 million)
7. SunPower ($1.5 billion)
8. First Solar ($1.46 billion)
9. Babcock and Brown ($178 million)
10. EnerDel’s subsidiary Ener1 ($118.5 million)*
11. Amonix ($5.9 million)
12. National Renewable Energy Lab ($200 million)
13. Fisker Automotive ($528 million)
14. Abound Solar ($374 million)*
15. A123 Systems ($279 million)*
16. Willard and Kelsey Solar Group ($6 million)
17. Johnson Controls ($299 million)
18. Schneider Electric ($86 million)
19. Brightsource ($1.6 billion)
20. ECOtality ($126.2 million)
21. Raser Technologies ($33 million)*
22. Energy Conversion Devices ($13.3 million)*
23. Mountain Plaza, Inc. ($2 million)*
24. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
25. Range Fuels ($80 million)*
26. Thompson River Power ($6.4 million)*
27. Stirling Energy Systems ($7 million)*
28. LSP Energy ($2.1 billion)*
29. UniSolar ($100 million)*
30. Azure Dynamics ($120 million)*
31. GreenVolts ($500,000)
32. Vestas ($50 million)
33. LG Chem’s subsidiary Compact Power ($150 million)
34. Nordic Windpower ($16 million)*
35. Navistar ($10 million)
36. Satcon ($3 million)*

*Denotes companies that have filed for bankruptcy.


The Complete List of Obama's Taxpayer-Backed Green Energy Failures

Obama's Solar Story Shows Success, Not Failure...Here's the real news: The price of solar decreased by 50 percent during 2011! 50 percent! That's a game-changing number that has resulted in a jump in installations throughout the U.S. and Europe. http://www.huffingtonpost.com/brian-...b_1214391.html

Renewable energy investment rose 5 percent to a record $260 billion last year driven by a surge in solar developments and increased spending in the U.S., Bloomberg New Energy Finance said.

New spending on solar energy jumped 36 percent to $136.6 billion in 2011, outpacing the $74.9 billion put into wind power, the London-based research company said today in a statement. Spending in the U.S. rose by a third to $55.9 billion.
Clean Energy Investment Rises to $260 Billion, Boosted by Solar - Bloomberg

[Roadking2003]

Originally Posted by sanspeur

Obama's Solar Story Shows Success, Not Failure...Here's the real news: The price of solar decreased by 50 percent during 2011! 50 percent! That's a game-changing number that has resulted in a jump in installations throughout the U.S. and Europe. Brian Keane: Obama's Solar Story Shows Success, Not Failure

Renewable energy investment rose 5 percent to a record $260 billion last year driven by a surge in solar developments and increased spending in the U.S., Bloomberg New Energy Finance said.

New spending on solar energy jumped 36 percent to $136.6 billion in 2011, outpacing the $74.9 billion put into wind power, the London-based research company said today in a statement. Spending in the U.S. rose by a third to $55.9 billion.
Clean Energy Investment Rises to $260 Billion, Boosted by Solar - Bloomberg

You are unbelievable. I guess you would celebrate a thief only robbing one bank because he could have robbed several.

[NoJiveMan]

Originally Posted by Roadking2003

We don't need government picking winners and losers, even if they always picked the right ones. That is not a valid government function.But speaking of losers, here is Obama's list. I wonder how many of his buddies made a fortune with these corporate welfare gifts. Meanwhile hard working tax payers just keep supporting this loser.


The complete list of faltering or bankrupt green-energy companies:

1. Evergreen Solar ($24 million)*
2. SpectraWatt ($500,000)*
3. Solyndra ($535 million)*
4. Beacon Power ($69 million)*
5. AES’s subsidiary Eastern Energy ($17.1 million)
6. Nevada Geothermal ($98.5 million)
7. SunPower ($1.5 billion)
8. First Solar ($1.46 billion)
9. Babcock and Brown ($178 million)
10. EnerDel’s subsidiary Ener1 ($118.5 million)*
11. Amonix ($5.9 million)
12. National Renewable Energy Lab ($200 million)
13. Fisker Automotive ($528 million)
14. Abound Solar ($374 million)*
15. A123 Systems ($279 million)*
16. Willard and Kelsey Solar Group ($6 million)
17. Johnson Controls ($299 million)
18. Schneider Electric ($86 million)
19. Brightsource ($1.6 billion)
20. ECOtality ($126.2 million)
21. Raser Technologies ($33 million)*
22. Energy Conversion Devices ($13.3 million)*
23. Mountain Plaza, Inc. ($2 million)*
24. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
25. Range Fuels ($80 million)*
26. Thompson River Power ($6.4 million)*
27. Stirling Energy Systems ($7 million)*
28. LSP Energy ($2.1 billion)*
29. UniSolar ($100 million)*
30. Azure Dynamics ($120 million)*
31. GreenVolts ($500,000)
32. Vestas ($50 million)
33. LG Chem’s subsidiary Compact Power ($150 million)
34. Nordic Windpower ($16 million)*
35. Navistar ($10 million)
36. Satcon ($3 million)*

*Denotes companies that have filed for bankruptcy.


The Complete List of Obama's Taxpayer-Backed Green Energy Failures

Dubya's failed 2 wars, hohum, <yawn>

[softblueyz]

It's one thing to take a risk, but taking a risk without due diligence? I wonder how many other green energy companies that went bankrupt were studied for potential risk levels.

The Center for Public Integrity and ABC News first reported on the Solyndra loan guarantee in May last year, revealing that the Energy Department had hurried to back the firm without fully vetting its economic prospects. The investigation also noted that billionaire George Kaiser, one of Obama's key supporters in the 2008 elections, was a major shareholder of Solyndra.

Solyndra, a California-based renewable energy firm that received $535 million in government loans, is seeking $1.5 billion in damages from Suntech Power Holdings, Trina Solar and Yingli Green Energy Holding. The Chinese companies engaged in "attempted monopolization, conspiracy, predatory pricing" and other tactics in an aim to destroy Solyndra, according to the complaint filed in a US federal court.

Under Solyndra's restructuring plan, the government might not get back its $528 million claim from the loan guarantee. According to its disclosure statement, the government is projected to recoup at most 19 percent of the loan.

"Solar needs to be competitive with fossil fuel pricing. The way Solyndra's technology worked, it was impossible to get the prices down," Chew said.

"The general perception was that the company was not going to stay in business for a long time," said M.J. Shiao, a senior analyst in solar markets for GTM Research. "They were both a technology risk in that this was a new technology and they were a financial risk as well."

Lynch said he was surprised that Solyndra's business plan was approved by the US Energy Department.

"I do not think that they were aiming to destroy Solyndra since the company is not and never was a market leader. Why would you conspire against a company whose prices were already (before the dramatic price drop) much higher than your prices?" asked Lynch.

Solyndra's unique cylindrical thin-film solar panels were costly to produce even compared to other US companies' solar panels. While most solar companies use crystalline silicon technology for their production, Solyndra was using copper indium gallium selenide.

Chew said the lawsuit is more "political than anything".

"The debtor of Solyndra is the US government. We may want to ask: Who is sitting there orchestrating the lawsuit, which comes right after the tariff announcement? The Obama administration looks very bad now."

Solyndra suit against Chinese firms disputed|Home|chinadaily.com.cn

I don't think it's a stretch to think that there is considerable corruption behind all these solar energy companies that received taxpayer money going bankrupt.

[Frank DeForrest]

Originally Posted by NoJiveMan

Dubya's failed 2 wars, hohum, <yawn>

Excusing one crook because of the actions of another...good plan

[ovcatto]

Yes let's talk about failure so far the government's percentage of successes have out performed those chosen by the private sector.

Solyndra, schmolyndra: The Obama administration’s hit rate is better than the private market’s | Grist

Marc Thiessen Distorts Success Rate Of Clean Energy Investments | Blog | Media Matters for America

[KerrTown]

Originally Posted by Frank DeForrest

Excusing one crook because of the actions of another...good plan

His wars are the reason why we are in debt and why the economy is in such a mess.

[Frank DeForrest]

Originally Posted by KerrTown

His wars are the reason why we are in debt and why the economy is in such a mess.

that along with a host of gimeee programs to special groups that obama has continued or expanded upon. Did you have another point to make?