Another Solar Company Goes Bust, Got $26 Million In State Loans

Another Solar Company Goes Bust, Got $26 Million In State Loans – Gateway Pundit

It’s an Obama world.

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Another solar plant that got $26 million in loans went bust this week.

WLOX reported:

Mississippi taxpayers may have only an empty Senatobia building and some solar panel equipment to show for nearly $26 million in loans provided to Twin Creeks Technologies.

The California-based solar technology firm is liquidating, and a company that bought Twin Creeks’ assets does not intend to take over its agreement with Mississippi. The contract called for Twin Creeks to invest at least $132 million and create at least 500 jobs.

The Mississippi Development Authority’s Kathy Gelston says officials are negotiating for Twin Creeks to repay aid above the value of the building and equipment.

The Director of Twin Creek Technologies donated $1,000 to Obama’s campaign this year.

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Obama Bundler’s Husband Receives More Than $1.2 Billion In DOE “Green Energy” Loans For Solar Company

Obama Bundler’s Husband Receives More Than $1.2 Billion In DOE “Green Energy” Loans For Solar Company – Weasel Zippers

Nothing to see here folks, move along.

Via Washington Free Beacon:

New disclosures show that one of President Obama’s bundlers is the wife of an executive at an energy company that received a more-than-$1.2 billion Department of Energy (DOE) loan guarantee for a solar power plant.

Arvia Few is a bundler for the Obama re-election campaign who has promised to raise between $50,000 and $100,000. She began bundling for Obama in the first quarter of 2012. Her husband, Jason Few, is an executive at a company that has benefited handsomely from the Obama administration’s clean energy spending, records show.

The U.S. Department of Energy granted NRG Solar a $1.237-billion loan in September 2011 to help build NRG’s California Valley Solar Ranch, which is described as “a 250 MW alternating current PV solar generating facility” by the U.S. Department of Energy.

Keep reading

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