Just in under the wire, Dept. of Energy was able to commit another $Billion U.S. Taxpayer money for more Solar companies

Just 2 days before the load program under the stimulus plan was to expire, the Dept of Energy guaranteed another billion dollars for two solar plants to be built. 

“Energy Secretary Steven Chu said the department has completed a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower on federal land near Tonopah, Nev., and a $337 million guarantee for Mesquite Solar 1 to develop a 150 megawatt solar plant near Phoenix.”

Well, I won’t dwell on why 110 Mw plant would cost twice as much as a 150 Mw plant, but I’m sure some graft is in place somewhere even beyond the obvious graft.  Instead, we’ll journey forward with other details about these projects and the program.  The program is a renewable energy loan program approved under the 2009 economic stimulus law is set to expire in two days. At least seven projects worth more than $5 billion are pending, so we’ve still more chances for payoffs and taxpayer financing off more doomed projects.  This does cause me to wonder if these companies will be buying American made solar panels or the cheaper Chinese?

It should be pointed out, that at least one of the projects stand a better chance of staying solvent than the ‘doomed-from-the-start’ Solyndra loan.  Sempra Energy, the parent company of Mesquite, has a “20-year agreement with Pacific Gas & Electric Co. to buy power supplied by the solar plant.”  So, the people in Cali will be on the hook for supporting such a venture.  Which, in my estimation is a good thing, in that I blame the people of Cali for much of this madness, it is only fitting they bear more of the cost.  For the users of PG&E, expect them to ask for a rate hike as soon as the energy starts to flow, if it ever does, from the Mesquite project.

But, that’s not the punch line.  Here’s the punch line.  The money is coming from the stimulus law enacted to generate jobs.  The same one where Solyndra got their money.  What do you bet the FFB will be carrying these notes, too?  Here’s the punch line………”The two projects will create ….. at least 52 permanent jobs”, Chu said.  That’s beautiful, so the U.S. taxpayer is financing $1,074,000,000 for an expected 52 permanent jobs.  That’s more than $20,500,000 per job.

You can read about it here. From HuffnPuff

On a related note, the co-founder and Communications Director of 350.org is withholding support of Pres. Obama because he’s not destroying the U.S. economy fast enough.

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12 Responses to Just in under the wire, Dept. of Energy was able to commit another $Billion U.S. Taxpayer money for more Solar companies

  1. Mike Davis says:

    If you look at the locations for the projects you will see the one near Phoenix will be relatively close to transmission lines as compared to the one near Tonapah Nevada. Tonapah is in the middle of now where half way between Las Vegas and Reno. Other than being the county seat and almost a ghost town it is probably the closest town to area 51 at the Nevada Test Site. To get to a major city in Cali they would have to cross the Sierras. They could run transmission lines to near Las Vegas as the power from the dam runs south and west of Las Vegas and there are other power plants in Eldorado Valley out side of Boulder City that tap into the lines from the dam.
    Most of the power from Hoover / Boulder dam goes to So Cal.

  2. HankH says:

    This does cause me to wonder if these companies will be buying American made solar panels or the cheaper Chinese?

    The Mesquite Solar project has contracted to purchase their PV panels from Suntech Power with headquarters, in Wuxi, China.

  3. HankH says:

    I sent an e-mail inquiry to the Goodyear plant this morning and am awaiting a response. I specifically asked if they manufacture PV cells in the plant or just do the panel assembly. I’ll let you know what I find out.

  4. HankH says:

    Follow-up to my post on September 30, 2011 at 5:09 pm.

    I sent several e-mails to the sales e-mail address of the Goodyear plant using my corporate e-mail address asking if they just manufactured finished panels or if they provided PV cells in bulk for custom panel panels. If so, are the PV cells made at the plant or imported. I never got a response. I guess the part about importing the PV cells part was a secret they didn’t want out.

    Funny that a product manufacturer wouldn’t respond to a sales inquiry.

    • suyts says:

      Post the e-mail addy…….. screw those SOBs I hate the thought of solar panels, but if we are to engage and subsidize that idiocy, then, it should be the American worker than benefits…… else the company should be forced to leave the country. They are some sick Son’s of Bitches. If they are not here to help, then they are distracting from the wealth of the U.S. I don’t mind that from foreign nationals, but from our own? It is time to remove the protections from scumbags such as described.

  5. HankH says:

    “custom panel panels?” How about “custom panel manufacturers”. Some days I can’t type straight.

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