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failed green energy


Posted: Sep 13, 2012

Below is a list of failed energy companies backed by President Barack Obama and funded through American tax dollars. President Obama has gone to great lengths to support policies to advance so-called green energy technologies but so far has met with utter failure.  The President plans to double down on these unproven, expensive failed technologies if he gets a second term.

List Of Failed Green Energy Jobs & Companies – By Obama

Update: 7/19/12: The Amonix Solar: FAIL – manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants given by Obama Administration, has closed its 214,000 square foot facility a year after it opened.

  • Solar Trust of America: FAIL - Filed Bankruptcy in Oakland, CA, April 3, 2012 – On April 2, 2012
  • Bright Source: FAIL - Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Lost Billions of dollars but Getting More Money To Keep Trying. Can you say, “This isnt working?”
  • Solyndra: FAIL - Obama gave Solyndra $500,000,000 in taxpayer money and Solyndra shut its doors and laid off 1100 workers in August 2011 After Billions in Losses due to failure to make a solar product that works!
  • LSP Energy: FAIL - LSPEnergy LP filed bankruptcy protection and a sale of its assets in Feb 2012
  • Energy Conversion Devices: FAIL – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy
  • Abound Solar: FAIL - Abound Solar received a $400 million loan guarantee from Barack Obama announced in June, 2012 that it would file for bankruptcy
  • SunPower: FAIL – SunPower stopped producing solar cells last year at near bankruptcy restructured only with help of, get this, oil giant TOTAL who owns 60% stake. Irony! Still struggling…
  • Beacon Power: FAIL – Beacon Power Corp filed for bankruptcy Oct 2011 just a year after Obama approved $43 million loan Government loan guarantee
  • Ecotality: FAIL - ECOtality, a San Francisco green-tech company that never earned any money on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from Obama 
  • A123 Solar: FAIL-A123 received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees and after Solyndra bankruptcy is getting another $500M from Obama and it has lost $400M
  • UniSolar: FAIL - Uni-Solar filed for Ch 11 bankruptcy in June 20 this year laid off hundreds got more Obama money still failing but still in business
  • Azure Dynamics: FAIL - Azure Dynamics files for bankruptcy in June ter millions in Obama “Stimulus”
  • Evergreen Solar: FAIL - Evergreen Solar received $527 Million in Taxpayer money from Obama filed bankruptcy
  • Ener1: FAIL received more than $100 million in government funding from the Obama administration filed for bankruptcy January 2012


http://www.dividedstates.com/list-of-failed-obama-green-energy-solar-companies/

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Is this something you want to be true? If you don't wish - the worst, start researching, stop copying. NM

[ In Reply To ..]
(Why would anyone wish for despair and future poverty instead of success for our country? Everything doesn't reset after the election--it continue from whatever we've achieved or failed in now. This isn't about one man, it's a whole nation of people.)

researching - sm

[ In Reply To ..]
Oh believe me, I do plenty of research. Don't misread my post. There are a lot of facts in this world that I wish weren't true. I agree - why would anyone wish for despair and future poverty? I wish Obama's green policy was NOT an epic failure. Many advisors (like Summers and Geithner) were not sold on the Solyndra deal and thought it might be a mistake. They did it anyway - why? Did they know it was going to fail? Was it because Steve Spinner (a top Obama bundler) pushed the Dept of Energy to approve the loan - payback maybe?

Pointing out these abysmal failures doesn't make me do the happy dance for the lives messed up and the money wasted that could have gone for something GOOD. Hardly. It makes me wonder, "when will people wake up?"

I guess as - in all

[ In Reply To ..]
business and technologies things don't make it. Green energy is the way to go and we should invest in it. Personally, I don't want the planet destroyed anymore and hope more and more countries try to follow with green energy programs. Just think, back when the car came out, people thought that would fail. Airplanes, didn't think that would catch on either.

Have a nice day and do something green!!

I won't toast the bagles for our cream cheese - and lox for dinner. :)

[ In Reply To ..]
Oh! Last week I decided to let the woods move in another 30 feet. That's definitely green. Happily, it just means not mowing the seedlings that are always trying to grow. I'll miss the open space but be very glad of the shade as summers get hotter and hotter.

Add a couple more to that list - backwards typist

[ In Reply To ..]
Went bankrupt:
SPECTRAWATT
AES' subsidiary EASTERN ENERGY

Potential problems identified by CBS news back in January 2012 are:

1.NEVADA GEOTHERMAL-a project personally endorsed by Harry Reid. It was having trouble paying the bills when it received $98.5 million in Energy Department guarantees.

2. SUNPOWER – got a $1.2 billion loan guarantee last fall after a French company took it over. It’s last financial statement showed it owed more than it was worth.

3. FIRST SOLAR – the biggest S&P loser in 2011 AFTER receiving $3 billion in loans.

There are probably more by now.

Well, if half is true, guess you "win." BTW, electricity - produced on the Arkansas River is down 90%. NM

[ In Reply To ..]
Congrats.

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