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Obama Admin. Approves $737M Solar Loan (another one) 

By: CTJ in POPE | Recommend this post (1)
Wed, 28 Sep 11 9:51 PM | 40 view(s)
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More Croney Socialism

The Energy Department will announce later Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project.

The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington.

The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar power generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve.

Read more: http://nation.foxnews.com/obama-administration/2011/09/28/solyndra-who-obama-admin-approves-737m-solar-loan#ixzz1ZGwDhJ3X


Democrat Party. The party of Misery, Violence and Hate.


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