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General Electric Company Message Board

  • uhlerf uhlerf Mar 4, 2013 2:07 PM Flag


    looks like first loan to Solyndra happened in 2009:
    Solyndra, explained
    Posted by Rachel Weinerat 08:30 AM ET, 06/01/2012:
    "...The following year, the company was invited to apply for a government-guaranteed loan under the Energy Policy Act of 2005 — a law backed by Republicans and designed to “support innovative clean energy technologies.” A full application came in 2008, and the Department of Energy began a review.

    In March 2009, Energy Secretary Steven Chu announced a $535 million conditional loan guarantee to Solyndra — making it the first to receive a loan since the 2005 program began. At that point, administration officials pushed for the DOE to hasten its final decision on approving the loan so Vice President Joe Biden could announce it on a planned trip to California. The loan was funded with stimulus money and formally announced in September 2009..."
    Solyndra was "invited" to apply earlier, but the loan seems to have been approved after currentt prez took office.....
    Interesting article - it's long, but I think I'll read it (all) - that way I'll be (fully)informed

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    • aboin2012 Mar 4, 2013 3:46 PM Flag

      Obama wasted $$ Billions$$ of taxpayers money on failed Green Energy companies. So much for fat slob Al Gore Green & Obama Green Energy Co.
      The complete list of 36 faltering or bankrupt Obama green-energy companies:
      Evergreen Solar ($25 million)*
      SpectraWatt ($500,000)*
      Solyndra ($535 million)*
      Beacon Power ($43 million)*
      Nevada Geothermal ($98.5 million)
      SunPower ($1.2 billion)
      First Solar ($1.46 billion)
      Babcock and Brown ($178 million)
      EnerDel’s subsidiary Ener1 ($118.5 million)*
      Amonix ($5.9 million)
      Fisker Automotive ($529 million)
      Abound Solar ($400 million)*
      A123 Systems ($279 million)*
      Willard and Kelsey Solar Group ($700,981)*
      Johnson Controls ($299 million)
      Schneider Electric ($86 million)
      Brightsource ($1.6 billion)
      ECOtality ($126.2 million)
      Raser Technologies ($33 million)*
      Energy Conversion Devices ($13.3 million)*
      Mountain Plaza, Inc. ($2 million)*
      Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
      Range Fuels ($80 million)*
      Thompson River Power ($6.5 million)*
      Stirling Energy Systems ($7 million)*
      Azure Dynamics ($5.4 million)*
      GreenVolts ($500,000)
      Vestas ($50 million)
      LG Chem’s subsidiary Compact Power ($151 million)
      Nordic Windpower ($16 million)*
      Navistar ($39 million)
      Satcon ($3 million)*
      Konarka Technologies Inc. ($20 million)*
      Mascoma Corp. ($100 million)

      So far, 36 companies that were offered federal support from taxpayers are faltering — either having gone bankrupt or laying off workers or heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy and other agencies
      Any questions liberal tree hugging termites.

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