Taxpayer-Backed Green Energy Failures

[dBrong]

The complete list of faltering or bankrupt green-energy companies:

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 Chemical Power ($150 million)
34. Nordic Windpower ($16 million)*
35. Navistar ($10 million)
36. Satcon ($3 million)*

*Denotes companies that have filed for bankruptcy.

http://blog.heritage.org/2012/10/18/...ergy-failures/

[Ken]

Problem is, everyone can see that it is a dead dog except the politicians who are pushing 'Green' for all it's worth. At least some of the scientists are now admitting, openly, that Man Made Global warming is a myth. Also admitting that the gasses they have been pumping into the atmosphere to seal the holes in the ozone layer are amongst the most potent greenhouse effect gasses known to man. Guess the idiots have really taken over the asylum.

Ken.

[Marc]

To put it mildly, Obama is certainly no J.P. Morgan. Taxpayer funded malinvestments based upon nothing more than wishful thinking, political pressure, and dubious science have diminished this nation's overall vitality and real capital. To make matters worse, abundant king coal has essentially been prohibited from consideration as a fuel source in new energy plants.