Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Solar Trust of America files bankruptcy
Reuters ^ | Apr 2, 2012 | Reuters

Posted on 04/02/2012 1:37:26 PM PDT by mdittmar

The Oakland-based company has held rights for the 1,000-megawatt Blythe Solar Power Project in the Southern California desert, which last April won $2.1 billion of conditional loan guarantees from the U.S. Department of Energy. It is unclear how the bankruptcy will affect that project.

(Excerpt) Read more at reuters.com ...


TOPICS: Crime/Corruption; Front Page News; News/Current Events
KEYWORDS: failedgreen; globalwarming; greenenergy; obama; pelosi; reid

1 posted on 04/02/2012 1:37:28 PM PDT by mdittmar
[ Post Reply | Private Reply | View Replies]

To: mdittmar

And, another one bites the dust.


2 posted on 04/02/2012 1:41:21 PM PDT by Eric in the Ozarks (Beware the Sweater Vest)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mdittmar

I think this is the one based on the design in Spain.
“The pain in Spain is Obama’s claim to fame”


3 posted on 04/02/2012 1:48:53 PM PDT by Zathras
[ Post Reply | Private Reply | To 1 | View Replies]

To: mdittmar

It is unclear how the bankruptcy will affect that project
= = = = = = = = = = = = = = = = = = = = = = = = = = = = =
Any guesses?

Definitely a BOHICA moment.

Wonder what the party affiliation is and how much was donated prior the ‘grant’ and how much will backdoor its way to whence it came?

Time to buy stock in Vaseline* as the taxpayers will be buying it by the carload to ‘ease the BOHICA’ experience.


4 posted on 04/02/2012 1:58:15 PM PDT by xrmusn ((6/98) Let's start from scratch by voting ALL incumbents out.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Eric in the Ozarks

Meanwhile, the drumbeat of Dictator Baby-Doc Barack continues to grow louder :

-— regulate -— control -— destroy -— Regulate -— control -— destroy -— REgulate -— control -— destroy -— REGulate -— control -— destroy -— REGU


5 posted on 04/02/2012 2:04:48 PM PDT by Graewoulf ((Dictator Baby-Doc Barack's obama"care" violates Sherman Anti-Trust Law, AND U.S. Constitution.))
[ Post Reply | Private Reply | To 2 | View Replies]

To: mdittmar

These companies will never be profitable, read: sustainable


6 posted on 04/02/2012 2:05:50 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mdittmar

How many of these need to go under before the American body politic realizes that they dun been hustled?


7 posted on 04/02/2012 2:07:08 PM PDT by risen_feenix
[ Post Reply | Private Reply | To 1 | View Replies]

To: risen_feenix

Dumb-ass liberals see the awesome industrial might of the United States powered by...

Sunshine, lollypops, and rainbows.


8 posted on 04/02/2012 2:10:59 PM PDT by Huebolt (It's not over until there is not ONE DEMOCRAT HOLDING OFFICE ANYWHERE. Not even a dog catcher!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: mdittmar

Bump


9 posted on 04/02/2012 2:12:15 PM PDT by lowbridge (Rep. Dingell: "Its taken a long time.....to control the people.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Huebolt
Sunshine, lollypops, and rainbows.


10 posted on 04/02/2012 2:17:04 PM PDT by the_devils_advocate_666
[ Post Reply | Private Reply | To 8 | View Replies]

To: mdittmar

Another crony capitalism success story for President Food Stamps.


11 posted on 04/02/2012 2:21:36 PM PDT by Standing Wolf
[ Post Reply | Private Reply | To 1 | View Replies]

To: Huebolt

don’t forget, unicorns


12 posted on 04/02/2012 2:22:32 PM PDT by qaz123
[ Post Reply | Private Reply | To 8 | View Replies]

To: mdittmar

This is the list I have compiled (so far) of failed “green” companies:
Abound Solar
Bright Source
Ener1
SunPower
Tesla
Fisker
Beacon
LightSquared
Solyndra
A123
Uni-Solar
Azure Dynamics, Inc
Ecotality, Inc
Solar Trust


13 posted on 04/02/2012 2:40:45 PM PDT by Senior Chief (Here I am, right where I left myself.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mdittmar

This is the list I have compiled (so far) of failed “green” companies:
Abound Solar
Bright Source
Ener1
SunPower
Tesla
Fisker
Beacon
LightSquared
Solyndra
A123
Uni-Solar
Azure Dynamics, Inc
Ecotality, Inc
Solar Trust


14 posted on 04/02/2012 2:41:29 PM PDT by Senior Chief (Here I am, right where I left myself.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Senior Chief
LightSquared

LightSquared was never a "green" company - just an Internet company that wanted to use spectrum that was SO close to the GPS system spectrum that it interfered with it ...

Once the FCC proved that this was true - LightSquared's license was denied ...

And, oh yes, LightSquared DID give a pile of cash to the Obama campaign ...

15 posted on 04/02/2012 2:54:26 PM PDT by Lmo56 (If ya wanna run with the big dawgs - ya gotta learn to piss in the tall grass ...)
[ Post Reply | Private Reply | To 14 | View Replies]

To: mdittmar

So unlike Solyndra this looks like a loan guarantee. I assume that means SOMEONE ELSE made the actual loan and DOE just guarenteed it - right?

So who are the lucky investors that get their money back - from the taxpayers - for backing this pig?


16 posted on 04/02/2012 3:00:21 PM PDT by bluecat6 ( "A non-denial denial. They doubt our heritage, but they don't say the story is not accurate.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: mdittmar

not everything is rosy in Germany, it seems.. at least when it comes to solar..

Solar Millennium files for bankruptcy in collapse of Bay Area firm

By George Avalos
Oakland Tribune

http://www.mercurynews.com/business/ci_20308677/solar-millennium-files-bankruptcy-collapse-bay-area-firm

Oakland-based Solar Millennium, Solar Trust of America and a group of affiliates filed for bankruptcy on Monday to reorganize their finances, in another meltdown of a Bay Area solar company.

Solar Millennium is building one of the largest solar projects in the world, a 7,000-acre complex near the Riverside County community of Blythe.

The plants in the Blythe project are capable of delivering 1,000 megawatts of electricity, enough power for 300,000 homes, according to court papers filed on Monday.

The Germany-based owner of the East Bay companies, Solar Millennium A.G., had filed in late December for insolvency in Europe.


17 posted on 04/02/2012 3:03:22 PM PDT by NormsRevenge
[ Post Reply | Private Reply | To 1 | View Replies]

To: mdittmar

They cleaned out the treasury and went to the Bahamas.

Another day in Obamaland. :)


18 posted on 04/02/2012 3:03:22 PM PDT by Tzimisce (THIS SUCKS)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mdittmar

The dimwits who voted for Obummer most be so proud.


19 posted on 04/02/2012 3:21:07 PM PDT by Leep (Enemy of the Statist)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mdittmar

“My sense is that with the large investment in what was to have been the world’s largest solar power plant, someone somewhere will buy it and build it.”

Oh, of course, because every venture capitalist dreams of blowing their wad on the next Green Titanic, and this — well, pffft — it’s...BIG, and it’s SOLAR, so it’s just GOTTA fly; it’s just GOTTA! Yeah, and somebody’ll do it just to be able to say “We built the biggest one out there.”

Hey, Mr. Lane; do you know what an albatross is?


20 posted on 04/02/2012 3:21:18 PM PDT by HKMk23 (Those who are perishing refused to receive the love of the Truth.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Senior Chief

Tesla is a electric car company owned by Elon Musk. I don’t think its dead yet


21 posted on 04/02/2012 4:39:15 PM PDT by 4rcane
[ Post Reply | Private Reply | To 14 | View Replies]

To: mdittmar; All
--Solar Trust of America files bankruptcy --

Will Wind Trust of America be the next bankruptcy when Zero Motors comes out with their car powered by Wind?


22 posted on 04/02/2012 4:44:11 PM PDT by QT3.14 (MSM has a TDD (Truth Deficit Disorder) as it pumps out Kulturkrap to the masses)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks mdittmar.


23 posted on 04/02/2012 5:04:02 PM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
[ Post Reply | Private Reply | View Replies]

To: Senior Chief
You can add Evergreen Solar to that list. First Solar, America's largest pure solar play, is on the endangered list.
24 posted on 04/02/2012 5:47:19 PM PDT by hinckley buzzard
[ Post Reply | Private Reply | To 13 | View Replies]

To: mdittmar

I’ve lost count, how many failed “green” businesses does that make? Ten?


25 posted on 04/02/2012 7:17:37 PM PDT by madison10 (The few times a Liberal shows an ounce of integrity, IMO those incidents are purely accidental)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mdittmar

This is a criminal conspiracy. The White House—actually the Chicago cabal that controls it—uses these failing companies as vehicles to launder DOE money in the billions. It will take years and a lot of auditors to unravel this. And this is just a fraction of the trillion-dollar “stimulus” with all its kick-backs, rake-offs and skims.


26 posted on 04/02/2012 8:09:47 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mdittmar

This will give the taxpayers/voters something to CHU on in November.

Another Obama failure. It’s getting crowded under that solar energy-powered bust, er, bus.


27 posted on 04/02/2012 9:04:38 PM PDT by MadMax, the Grinning Reaper
[ Post Reply | Private Reply | To 1 | View Replies]

To: mdittmar
Okay, we're onto them. Now, what can we do about it, and who has the power on our side to do it? Don't ask me, because I have no idea.

But bellyachin' to each other about the problem isn't going to get our 15 trillion $ back.
28 posted on 04/03/2012 2:51:17 AM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
[ Post Reply | Private Reply | To 1 | View Replies]

To: HKMk23

“..world’s largest solar power plant, someone somewhere will buy it and build it.”

That makes as much sense as the multimillion dollar Italian styled home plunked into a nearby middleclass neighborhood of ours. It is HUGE, and has VERY elaborate styling, big white stucco wall all the way around, tile drive, statues, a fountain, etc. I figured some big shot with eccentric tastes was having it built for himself.

About halfway through a For Sale sign went up on it! It has had a For Sale sign on it for 7+ years now. Although I do see a car in the drive once in awhile.

“It is such a nice house, I’m sure someone will buy it.”


29 posted on 04/03/2012 3:03:20 AM PDT by 21twelve
[ Post Reply | Private Reply | To 20 | View Replies]

To: Senior Chief

Add EV-1, Ballard Power Systems, and of course GM’s “Volt” to that list (Certainly GM’s management and stockholders don’t consider the last a “success”)
http://www.realclearmarkets.com/articles/2012/02/01/electric_cars_doubling_down_on_dumb_99493.html

Willard & Kelsey Solar Group LLC laid off about 40 people indefinitely ... to “make changes to production line improvements” ... [though they] would not say when the changes would be completed or when the laid-off employees could return to work. http://www.theblaze.com/stories/government-backed-solar-company-laying-off-employees-after-promising-hundreds-of-new-jobs/

Amonix (through subcontractor Flextronics Industrial) laid off about 200 of its 300-plus employees. Of course, they too are “retooling” the factory. I read that last as meaning they are trying to mine for more subsidies. http://www.theblaze.com/stories/another-energy-company-lays-off-hundreds-of-workers/

There may be more you can discover under FR keyword “FailedGreen” (Technologies, Companies) which I have listed on my homepage, but I don’t have time to check that right now. Please feel free to add FailedGreen to any appropriate FR articles you notice.


30 posted on 04/03/2012 5:25:46 AM PDT by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
[ Post Reply | Private Reply | To 14 | View Replies]

To: TheOldLady

Okay, we’re onto them. Now, what can we do about it, and who has the power on our side to do it? Don’t ask me, because I have no idea.

But bellyachin’ to each other about the problem isn’t going to get our 15 trillion $ back.

*
Dam right. I can hardly laugh at the jokes anymore ...this IS criminal. Why are Americans being continuously subject to this?? Why does’t ANYONE on our side raise holy hell???


31 posted on 04/03/2012 5:28:47 AM PDT by LibsRJerks
[ Post Reply | Private Reply | To 28 | View Replies]

To: Senior Chief
This is the list I have compiled (so far) of failed “green” companies:

Abound Solar

Bright Source

Ener1

SunPower

Tesla

Fisker

Beacon

LightSquared

Solyndra A123 Uni-Solar

Azure Dynamics, Inc

Ecotality, Inc

Solar Trust

Do you have a list of successful "green" energy co,s

32 posted on 04/03/2012 6:04:03 AM PDT by dearolddad
[ Post Reply | Private Reply | To 13 | View Replies]

To: Tzimisce
"They cleaned out the treasury and went to the Bahamas..Another day in Obamaland. :) "
so they could really enjoy taxpayer's $$$$ and some real solar power...suntanning.

33 posted on 04/03/2012 6:13:47 AM PDT by skinkinthegrass (Kill all the terrorists; protect all the borders, ridicule all the (surviving) Liberals :^)
[ Post Reply | Private Reply | To 18 | View Replies]

To: QT3.14
(rolling :) powered by gravity/heated by Mr. Sun
...financed by (ultimately)by the US taxpayers

34 posted on 04/03/2012 6:19:59 AM PDT by skinkinthegrass (Kill all the terrorists; protect all the borders, ridicule all the (surviving) Liberals :^)
[ Post Reply | Private Reply | To 22 | View Replies]

To: 21twelve

What you said.

Except I’d buy the house before I’d invest in the solar thing.

BTW: Did you enjoy the Time Machine tour?


35 posted on 04/03/2012 12:55:24 PM PDT by HKMk23 (Those who are perishing refused to receive the love of the Truth.)
[ Post Reply | Private Reply | To 29 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson