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    Obama Administration Plans to Spend $150 Million for Green Energy Projects (Because It’s Worked So Well Before)

    Just what America needs: More taxpayer-funded green energy projects. The Department of Energy (DOE) and the U.S. Internal Revenue Service released plans to re-allocate more than $150 million in remaining manufacturing tax credits for “green” energy projects originally authorized by the 2009 American Recovery and Reinvestment Act (the stimulus bill), … More

    Bankruptcy Filings Allege Abound Solar Aware of Defective Panels

    Recent filings by a customer of bankrupt solar panel manufacturer Abound Solar allege the company knew its panels were defective before the company collapsed last year, according to documents made public in the U.S. Bankruptcy Court in Delaware: Citing confidential documents, Green Choice Solar LLC says the Colorado-based Abound knew … More

    Study Shows ROI on Solar Energy Tax Credit, But Ignores Bankruptcies

    Proponents of taxpayer support for green energy are touting a new study claiming that tax credits for solar companies will pay for themselves over the long run. The problem: the study, conducted by the U.S. Partnership for Renewable Energy Finance, assumes that solar companies that enjoy the tax breaks in … More

    Lawmakers Probe Fast-Track Approval for Connected Green Companies

    Congressional investigators are probing potential cronyism in a pair of federal green energy programs, including the Energy Department loan program that guaranteed a $535 million loan to now-bankrupt solar company Solyndra. In a letter to Interior Secretary Ken Salazar sent on Tuesday, embedded below, Sen. Jeff Sessions (R-AL), chairman of … More

    Taxpayer-Backed Green Energy Firms Struggle, But Hike Executive Pay

    When insurance giant AIG paid lucrative bonuses to top executives after receiving federal support, President Obama asked, “How do they justify this outrage to the taxpayers who are keeping the company afloat?” But three years later, numerous green energy companies backed financially by the administration are paying out large salaries … More

    Money Loser + $100 Million Subsidy = Money Maker?

    When is a solar energy company a loan flipper instead of a solar energy company? How about when the value of its loan subsidies vastly exceeds the value of its solar project? A case in point is First Solar’s sale of its Antelope Valley Solar Ranch 1 (AVSR1) to Exelon. … More