Department of Energy Archives : The Tea Party Economist

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Another Solar Panel Boondoggle Goes Belly-Up, Taking Our Money

Companies go bust all the time. The question is: Do they take taxpayers’ funds with them? If the answer is “yes,” that raises another question: If politicians and bureaucrats had not poured money into this project, would it ever have begun? “Green energy” is mostly a boondoggle. Most projects cannot make it on theirs own. [...]

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Another Renewable Energy Bust: $43 Million of Taxpayer Money Gone

The stories just keep coming. The Department of Energy offers huge loan guarantees for “renewable energy” projects, and they keep going belly-up. Not yet two years after the Department of Energy awarded $43 million in loan guarantees for Beacon Power’s energy storage plant, government attorneys are calling the bankrupt solar company and its affiliates little [...]

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