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Deals announced Friday include a $1.5 billion loan guarantee

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Faster horses

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The deals announced Friday include a $1.5 billion loan guarantee to Florida-based NextEra Energy and other investors that bought a planned 550-megawatt solar farm on federal land in Southern California from First Solar, as well as $646 million to Illinois-based Exelon Corp. for a 230-megawatt solar plant near Los Angeles. Next Era Energy Resources and GE Energy Financial Services bought the Desert Sunlight project from First Solar, while Exelon bought the Antelope Valley project. First Solar will continue to build and operate both projects.

A third project, worth $1.2 billion, will help San Jose-based SunPower Corp. build a 250-megawatt solar plant in California, while $1.4 billion will go San Francisco-based Prologis Inc. to support installation of about 750 solar rooftop panels in 28 states.

The loan program expires on Friday.
http://conservativebyte.com/2011/10/feds-rush-through-another-5-billion-in-solar-energy-loans/


The comments were not very nice. People are getting fed up with
this administration and what they pull.
 

hypocritexposer

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Exelon Corp


I recognize that name.......




Nuclear Leaks and Response Tested Obama in Senate


A close look at the path his legislation took tells a very different story [than the one he tells on the campaign trail]. While he initially fought to advance his bill, even holding up a presidential nomination to try to force a hearing on it, Mr. Obama eventually rewrote it to reflect changes sought by Senate Republicans, Exelon and nuclear regulators. The new bill removed language mandating prompt reporting and simply offered guidance to regulators, whom it charged with addressing the issue of unreported leaks.


Since 2003, executives and employees of Exelon, which is based in Illinois, have contributed at least $227,000 to Mr. Obama’s campaigns for the United States Senate and for president. Two top Exelon officials, Frank M. Clark, executive vice president, and John W. Rogers Jr., a director, are among his largest fund-raisers.

http://www.nytimes.com/2008/02/03/us/politics/03exelon.html?hp



Exelon helps Obama attack coal — again!

December 8, 2010

By Steve Milloy

Chicago-based utility Exelon is now funding efforts to help out the endangered Obama EPA in its jihad against the coal industry.

http://canadafreepress.com/index.php/article/30866
 

Lonecowboy

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There’s more to the Solyndra affair than a lack of business savvy, however. As the story in The New American relates:

Solyndra had intimate connections with the Obama administration, including a reported link between Oklahoma billionaire George Kaiser — a prominent investor in the company — who reportedly influenced the Department of Energy’s authorization of the loans, while raising over $50,000 for Obama’s 2008 presidential campaign.
As if the exposure of the incestuous relationship between President Obama and Solyndra wasn’t enough to dissuade his administration from making additional questionable loans to other companies with key officials keen on plumping up the President’s re-election bank account, it was reported that:

President Obama will be the benefactor of a fundraiser being organized by a Missouri businessman “whose company benefited from a $107-million federal tax credit to develop a wind power facility in his state.”

The name of this Friend of Barack is well-known in the Show Me State and in Democratic Party circles. Tom Carnahan is the 42-year-old son of the former Governor of Missouri Mel Carnahan and former U.S. Senator Jean Carnahan. The younger Carnahan was an attorney and is the founder of Wind Capital Group.

It is Carnahan’s Wind Capital Group venture that has caused eyebrows to raise (yet again) with regard to President Obama’s apparent proclivity for inviting big-dollar donors to feed at the federal trough.
Carnahan is certainly a donor. On the Obama 2012 website the Carnahan family is listed as having committed to host a “$25,000-per-person fundraiser” in St. Louis during the first week of October.

As the time approaches for the elections of 2012, Americans would be wise to recall these questionable relationships between President Obama and various recipients of billions of dollars in taxpayer funds. American voters should never allow the United States of America to become the private slush fund for our elected leaders in D.C
 

Steve

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while $1.4 billion will go San Francisco-based Prologis Inc. to support installation of about 750 solar rooftop panels in 28 states.

this number must be wrong..
MUA is one month away from hitting the switch to bring its solar panel generated electricity capability up to 1.3 megawatts. Solar panels occupy about seven acres of MUA property that would otherwise be useless. The largest part of the solar project occupies about seven and a half acres. MUA filled in two, large abandoned lime treatment lagoons in preparation

As a non-profit entity, MUA cannot receive carbon or solar credits, but a solar provider would be able to sell those on the open market and also receive tax relief. If MUA had paid for the installation, the solar array has an estimated cost of $3.5 million, said Ecker.

we just did a local project on 7 acres for a little under 3.5 million

750 solar panels isn't alot.. $15,200,000 per panel?

even if it is $15 million per rooftop (IE, 750 projects) and each is a huge rooftop this is outrageous..

if my math is correct,.. each rooftop would have to be over 31 acres to even come close to reasonable.. Who was the idiot in charge of this waste?
 

loomixguy

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while $1.4 billion will go San Francisco-based Prologis Inc. to support installation of about 750 solar rooftop panels in 28 states.

Is this the company that Pisslosi's hoosban has a financial stake in??
 

Steve

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Energy Dept Plays Down Pelosi Link to $737M Loan

The Obama administration is furiously trying to play down links between House Minority Leader Nancy Pelosi and a giant new $737 million loan guarantee for a green energy project in Nevada.

SolarReserve, based in Santa Monica, received the loan guarantee to build a 110-megawatt solar-thermal plant in Tonopah, Nev., that will use the sun's heat to create steam to drive a turbine.

Among SolarReserve's investors is Pacific Corporate Group, a private-equity firm headquartered in La Jolla (San Diego County). Ronald Pelosi, the brother-in-law of the House Democratic leader and a former president of San Francisco's Board of Supervisors, is an executive with the firm.

Nancy Pelosi, at an event Thursday in San Francisco to drum up support for President Obama's jobs plan, told The Chronicle that she was not familiar with the solar firm, its federal loan application or any association her brother-in-law had with the firm.

Ronald Pelosi is "a great guy," she said, adding that she was sorry he had been "dragged into this."

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/29/MNP11LBJLB.DTL#ixzz1ZjYYMVWP
 

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