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    Solar Company Leaders Blame China, Not Loan Process, for Bankruptcy

    Chinese government subsidies—as much as $35 billion—were responsible for the downfall of Abound Solar, not a flawed federal government loan-approval process, according to testimony delivered before the House Oversight and Government Reform Committee today. Executives from the bankrupt solar panel manufacturer pointed to predatory pricing by Chinese solar companies underwritten … More

    Stimulus-Backed Solar Facility Touted By Harry Reid Shuts Down

    A federally-funded solar production facility in Nevada has ceased operations, according to a former employee at the facility. The closure could prove troublesome for the company’s political allies. The Las Vegas Review-Journal reports that the North Las Vegas production facility for solar panel manufacturer Amonix has not operated since May. … More

    Interior Secretary Salazar Still Bullish on Solar Despite High-Profile Setbacks

    At a Friday visit to the Golden, Colorado, campus of the National Renewable Energy Laboratory, Interior Secretary Ken Salazar characterized the bankruptcies and delays that have plagued the solar manufacturing sector as “just minor (and expected) blips for the industry.” Salazar told Denver’s alt-weekly Westword, “Any time you’re dealing with an … More

    Another Stimulus Backed 'Green Energy' Company Goes Bankrupt

    Another stimulus-backed green energy company has filed for bankruptcy, further fueling criticism of Energy Department programs that backed highly-risky investments on the taxpayer dime. Like Solyndra and a number of other green energy investments made under this administration, Abound Solar had a very poor credit rating, but enjoyed a wealth … More

    Powering America Vignette: What is a Cooling Tower?

    Nuclear power plants produce almost 80 percent of the emission-free energy in the nation, and cooling towers—though often misunderstood—are an essential part of what makes that possible. Despite their being perfectly safe and far removed from anything radioactive, for many people cooling towers conjure up images of toxic waste, environmental … More

    Wind PTC: There's No Free Lunch

    Real men wear pink. Real women wear fur. And real market-based policy doesn’t include special interest subsidies. Sadly, lots of legislation fails the real free market test. So it is with one of Washington’s favorite energy sources du jour: energy production tax credits (PTC). Sadly, anti-market policies like the expansion … More

    Politically Connected VC Firms Double Down on Taxpayer-Backed Companies

    Some highly-connected venture capital firms are upping their investments in green energy companies after those companies received taxpayer backing. A pair of top investment firms have increased their stakes in two companies that benefited from federal “investment.” By 2010, solar company Solexel had received investment from some of the most politically-connected venture … More

    Obama Slams Private Equity, But His Own 'Investors' Do Quite Well

    President Obama and his surrogates have repeatedly insisted that federal backing for green energy companies like Solyndra is somehow superior to private equity investing, since federal bureaucrats are concerned with more than enriching investors. But “investors” in an Obama presidency – i.e. his top supporters – have reaped the benefits … 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

    Obama to Tout Green Energy at Politically Connected Wind Company

    President Obama will make a push for wind energy subsidies on Thursday at the Iowa production facilities of a politically connected wind turbine manufacturer with ties to his administration. The appearance could serve to reinforce perceptions of cronyism in the administration’s “green jobs” push. At the manufacturing facilities of TPI … More