Thursday, October 18, 2012

Two More Obama Backed Green Energy Firms Go Bankrupt This Week alone

The total is 19 and counting with billions in taxpayer funds that could have gone to create jobs now down the green rathole!

First this week there was A123 Systems, the battery manufacturer which Obama hailed as " leading the way to a brighter future." They declared bankruptcy after receiving $279 million in taxpayer help.
Now Satconn Technology.

Here's the list of bankrupt and faltering firms that are getting taxpayer help:
    1. Evergreen Solar ($24 million)*
    2. SpectraWatt ($500,000)*
    3. Solyndra ($535 million)*
    4. Beacon Power ($69 million)*
    5. AES’s subsidiary Eastern Energy ($17.1 million)
    6. Nevada Geothermal ($98.5 million)
    7. SunPower ($1.5 billion)
    8. First Solar ($1.46 billion)
    9. Babcock and Brown ($178 million)
    10. EnerDel’s subsidiary Ener1 ($118.5 million)*
    11. Amonix ($5.9 million)
    12. National Renewable Energy Lab ($200 million)
    13. Fisker Automotive ($528 million)
    14. Abound Solar ($374 million)*
    15. A123 Systems ($279 million)*
    16. Willard and Kelsey Solar Group ($6 million)
    17. Johnson Controls ($299 million)
    18. Schneider Electric ($86 million)
    19. Brightsource ($1.6 billion)
    20. ECOtality ($126.2 million)
    21. Raser Technologies ($33 million)*
    22. Energy Conversion Devices ($13.3 million)*
    23. Mountain Plaza, Inc. ($2 million)*
    24. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
    25. Range Fuels ($80 million)*
    26. Thompson River Power ($6.4 million)*
    27. Stirling Energy Systems ($7 million)*
    28. LSP Energy ($2.1 billion)*
    29. UniSolar ($100 million)*
    30. Azure Dynamics ($120 million)*
    31. GreenVolts ($500,000)
    32. Vestas ($50 million)
    33. LG Chem’s subsidiary Compact Power ($150 million)
    34. Nordic Windpower ($16 million)*
    35. Navistar ($10 million)
    36. Satcon ($3 million)*
Thousands of "green jobs" lost but not to worry. The big money campaign contributors to Obama who raked in the first waves of taxpayer cash got their share up front. The only "green" is coming from the money to Obama's campaign and the payoffs to his contributors.

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full size image here.

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