Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
U.S. declares national energy emergency
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="TerryMiller" data-source="post: 3794070" data-attributes="member: 7900"><p>Great!!!!</p><p></p><p>Is this then going to lead to another instance where government "funds" another solar company such as Solyndra?</p><p></p><p><a href="https://en.wikipedia.org/wiki/Solyndra" target="_blank">Wikipedia - Solyndra</a></p><p></p><p>"<strong>Government support</strong></p><p></p><p>Solyndra received a $535 million U.S. Department of Energy loan guarantee, the first recipient of a loan guarantee under President Barack Obama's economic stimulus program, the American Recovery and Reinvestment Act of 2009. The loan program took a $528 million loss from Solyndra. Additionally, Solyndra received a $25.1 million tax break from California's Alternative Energy and Advanced Transportation Financing Authority. <a href="https://en.wikipedia.org/wiki/SoloPower" target="_blank">SoloPower</a> also received similar funding from the U.S. Department of Energy.</p><p></p><p>Following the bankruptcy, the government had expected to recoup $27 million under the Solyndra restructuring plan, or up to 100% of loaned funds from a $1.5 billion lawsuit filed against Chinese solar-panel makers for alleged price fixing. The outcomes of the lawsuits were that, in November 2015, Yingli Green Energy Holding Co Ltd. settled a claim filed by Solyndra for $7.5 million, and in April 2016 Trina Solar Ltd. settled a claim filed by Solyndra for $45 million. In June 2016 a Stipulation Of Dismissal was filed jointly between Solyndra and Suntech Power Holdings Co Ltd. and later signed by Hon. Saundra B. Armstrong on November 30, 2017."</p></blockquote><p></p>
[QUOTE="TerryMiller, post: 3794070, member: 7900"] Great!!!! Is this then going to lead to another instance where government "funds" another solar company such as Solyndra? [URL='https://en.wikipedia.org/wiki/Solyndra']Wikipedia - Solyndra[/URL] "[B]Government support[/B] Solyndra received a $535 million U.S. Department of Energy loan guarantee, the first recipient of a loan guarantee under President Barack Obama's economic stimulus program, the American Recovery and Reinvestment Act of 2009. The loan program took a $528 million loss from Solyndra. Additionally, Solyndra received a $25.1 million tax break from California's Alternative Energy and Advanced Transportation Financing Authority. [URL='https://en.wikipedia.org/wiki/SoloPower']SoloPower[/URL] also received similar funding from the U.S. Department of Energy. Following the bankruptcy, the government had expected to recoup $27 million under the Solyndra restructuring plan, or up to 100% of loaned funds from a $1.5 billion lawsuit filed against Chinese solar-panel makers for alleged price fixing. The outcomes of the lawsuits were that, in November 2015, Yingli Green Energy Holding Co Ltd. settled a claim filed by Solyndra for $7.5 million, and in April 2016 Trina Solar Ltd. settled a claim filed by Solyndra for $45 million. In June 2016 a Stipulation Of Dismissal was filed jointly between Solyndra and Suntech Power Holdings Co Ltd. and later signed by Hon. Saundra B. Armstrong on November 30, 2017." [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
U.S. declares national energy emergency
Search titles only
By:
Top
Bottom