Slapping the word rural in front of a bunch of green subsidies does not mean they’re not subsidies. But that’s exactly what the Rural Energy Investment Act section of the Senate version of the farm bill legislation does. The legislation includes direct handouts and loan guarantees for advanced biofuels and …
One foot on a banana peel, the other in the grave. That’s where Fisker Automotive and SoloPower find themselves, struggling for survival despite generous government handouts in the form of loan guarantees and tax breaks. Should either company take a turn for the worse, a tombstone in Heritage’s “Green Graveyard” …
Opponents have called it “another Solyndra waiting to happen.” An estimated $2.6 billion offshore wind project near Massachusetts could be awarded a $350 million Department of Energy (DOE) loan guarantee and a 30 percent federal tax credit, according to recent reports. The much beleaguered 468 megawatt, 130 turbine Cape Wind …
Despite billions of dollars in unused loan authority remaining under the Department of Energy’s (DOE) Loan Programs Office, negative publicity surrounding the loan guarantee programs (which offer taxpayer dollars to government-approved companies) has tampered with applications, according to a new Government Accountability Office (GAO) report. More than $51 billion in …
Representative Paul Ryan (R–WI) is receiving criticism for including two solar-generation projects in his budget plan as “failed” projects despite the fact that Mesquite Solar 1’s project in Phoenix is generating electricity and SolarReserve’s project is under construction and recently entered a contract to sell power to California’s largest utility. …
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 …
Exotic dancers, robotic squirrels, and a reality TV show in India—your tax dollars supported all of these this year. Two reports just released—“Federal Spending by the Numbers 2012” by The Heritage Foundation and “Waste Book 2012,” a report by the office of Senator Tom Coburn (R–OK)—shed light on these and …
This Friday, the House of Representatives will vote on the No More Solyndras Act, which would prohibit any new loan guarantees from Title XVII of the Energy Policy Act of 2005. For applications that are already under consideration or have received conditional commitment, the bill would require the Secretary of …
The U.S. Export-Import Bank inked a $2 billion clean-energy loan offer with South Africa to help fund the country’s green-energy push and drum up sales for America’s renewable industry, according to an announcement made last week. The 18-year loans will target wind, solar and thermal power in particular, said Fred …
