A pair of foreign-owned solar companies that benefited from a combined $84 million in Energy Department tax credits have announced they will lay off employees. One of the companies, German-owned SolarWorld, was integral in the fight for tariffs against the importation of Chinese photovoltaic solar panels. The other, Chinese company SunTech, blamed …
According to a new report on financial waste in the Department of Defense, the Pentagon initiated more renewable energy projects in 2010 – the year measured – than any other federal agency, including the Energy Department and the Environmental Protection Agency. Those findings are detailed in a report (embedded below) released Thursday …
Michigan voters rejected a proposed state constitutional amendment last week that would have imposed a mandate requiring the state’s utilities to source 25 percent of their electric sales annually from renewable energy by 2025. Proposal 3, dubbed “25 by 25,” called for more renewable energy from wind, solar, biomass, and …
It was clear in pre-election discussion that Americans want energy independence. The most successful means to this end has been the free market—and the release of the International Energy Agency’s (IEA) annual World Energy Outlook proves it. IEA projects that while global energy demand will climb, America will emerge as …
President Obama enjoyed support from some key constituencies in his successful reelection bid. Some of those groups are surely expecting to benefit from another four years of his Administration. Here are three groups likely to get some sort of payout during a second Obama term. Big Labor Labor unions have …
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 …
While there’s speculation over which federally supported green energy company may be the next to declare bankruptcy, plenty have already gone belly up. In one of the most extensive compilations to date, Heritage has identified 19 bankrupt green energy companies—unable to make it even with the $2.6 billion in financial …
“We need green energy. Just not here.” Do those words sound familiar? That’s quite often the case with so-called proponents of green energy. The acronym NIMBY (not in my back yard) should really be replaced with BANANA (build absolutely nothing anywhere near anything), according to Ryan Yonk, coauthor of a …
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 …
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 …
