Obama admin approves 2 new solar loans worth $1B

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    Sep 28, 2011 8:45 PM GMT
    What could possibly go wrong?

    http://www.breitbart.com/article.php?id=D9Q1LG101&show_article=1

    Facing a Friday deadline, the Energy Department has approved two loan guarantees worth more than $1billion for solar energy projects in Nevada and Arizona.

    Energy Secretary Steven Chu said the department has completed a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower in Nevada, and a $337 million guarantee for Mesquite Solar 1 to develop a 150 megawatt solar plant in Arizona.

    The loans were approved under the same program that paid for a $535 million loan to Solyndra Inc., a now-bankrupt solar panel maker that has become a rallying cry for Republican critics of the Obama administration's green energy program.

    The latest loan program, approved under the 2009 economic stimulus law, expires Friday. At least seven projects worth about $5 billion are pending.

  • Sep 29, 2011 3:00 AM GMT
    I wonder how much they contributed to his campaign or what type of influence they have ??
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    Sep 29, 2011 3:20 AM GMT
    BoatnSunshine77 saidI wonder how much they contributed to his campaign or what type of influence they have ??

    Excellent question. I'm sure that will come up in due time - maybe right during the pre-election weeks. LOL

    Good to see you back. Hope your business is doing well (better whisper that cause business is a dirty word to some here icon_lol.gif )