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    The Wrong Technology: Evidence of Faulty Panels Continues to Mount at Abound Solar

    Claims that Chinese solar subsidies killed Abound Solar—and not faulty solar panels made by the company itself—are beginning to wear as thin as the solar panels they produced. A Denver news channel’s documents characterized the company’s solar panels as “low performance” and suffering from “catastrophic failures.” A Daily Caller report … More

    DOE Issues Nearly $1 Million to Ailing A123 on Day of Bankruptcy Filing

    The Department of Energy’s clean energy grant-making program delivered a reimbursement to ailing battery maker A123 approaching $1 million on the same day the company filed for bankruptcy, according to Reuters: The company, which makes lithium ion batteries for electric cars, filed for Chapter 11 bankruptcy protection last month after … More

    Green Graveyard: An In-Depth Look at Government's Bad Bets on 19 Now-Bankrupt Companies

    As a follow up to the Green Graveyard overview, this post provides additional information concerning the funding for each of the now-bankrupt green energy companies. In one of the most extensive compilations to date, Heritage has identified 19 bankrupt green energy companies that were unable to succeed even with the … More

    $14 Billion in Stimulus Spending Generates Just 1.2 Percent of Electricity

    Despite more than $14 billion in cash payments to solar, wind, and other renewable energy project developers since 2009, just 48 terawatt hours of additional annual electricity generation were expected to be added through funds authorized by the stimulus, according to documents released by the Department of Treasury. The more … More

    Morning Bell: Administration Ignores Law, Delays Exposing New Regulations

    After three years of hyper-regulation, the Obama Administration has noticeably slowed its rulemaking in recent months. A variety of major rules have been parked in prolonged “review” by the White House, while the regulatory agenda required by statute has failed to materialize—twice. This flouting of the law is disturbing enough, … More

    DOE-Backed Abound Solar Facing Fraud Investigation in Colorado

    Abound Solar, the now-bankrupt solar company and recipient of a $400 million Department of Energy loan guarantee, faces a three-pronged investigation from Weld County, CO, for alleged securities and consumer fraud, along with misleading financial institutions. The Denver Post reports: The securities-fraud investigation stems from allegations that “officials at Abound … More

    Sign of the Times: Denver Post Challenged on Green Energy Coverage

    (Photo credit: Mary MacFarlane) A Colorado-based free-market think tank located in Denver challenged the state’s paper of record when it launched a media blitz that included a billboard (seen above) accusing the media outlet of ignoring one of the state’s largest green energy failures this year. Jon Caldara, president of … More

    Another Green Failure: A123 Files for Bankruptcy

    A123, recipient of a $249 million Department of Energy manufacturing grant, warned of impending debt default and cash problems that forced the company to seek bankruptcy protection. With 14 straight quarterly losses–nearly $83 million in 2nd Quarter 2012 and $125 million in the previous quarter, on top of $258 million … More

    House Committee Launches Document Probe Into DOE, Abound Solar

    Bankrupt solar module manufacturer Abound Solar, recipient of a Department of Energy loan guarantee of $400 million, and the subject of an official investigation in its home state of Colorado, now faces additional scrutiny in the form of a document probe from the House Energy and Commerce Committee. The letter … More

    Bankrupt DOE Loan Recipient Abound Solar Under Investigation, Panels Suffered "Catastrophic Failure"

    Abound Solar, a Department of Energy $400 million loan guarantee recipient that went bankrupt earlier this year, is under investigation by officials in Weld County, Colorado. The company, which received nearly $70 million in loan funding before payments were cut off by DOE in 2011, also received a $100,000 tax … More