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After Posting $70 Million Loss, French Company Lands $25 Million from DOE [Is this Insourcing?]
heritage.org ^

Posted on 07/05/2012 1:57:10 PM PDT by Perdogg

The Department of Energy recently awarded $25 million to a French company that posted net losses of about $70 million last year, and whose solar division is particularly troubled financially.

As part of its Scaling Up Nascent PV At Home (SUNPATH) project, DOE’s Energy Efficiency and Renewable Energy (EERE) division announced three awards in June to promote high-volume solar energy production.

The largest of the three awards, totaling $25 million, went to Soitec Solar, a French company, to build a solar production facility in San Diego, CA. While Soitec is not in dire financial straits like some other DOE-backed companies, it posted hefty losses during its last financial year, which ended March 31. A number of its major financial indicators were worse than the prior financial year.

(Excerpt) Read more at blog.heritage.org ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: corruptioncentral; muslimterrorist; obamahussein; osamaobama

1 posted on 07/05/2012 1:57:17 PM PDT by Perdogg
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To: Perdogg

Who are the natural individuals that are the officers, directors, managers and principle stockholders of the business? What, if any, is their relationship to the current crooks running our country?


2 posted on 07/05/2012 2:00:56 PM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: AEMILIUS PAULUS

You can bet your Future on the Pelosi’s, Reid’s, and the Obama’s and their Criminals! I’m surprised it’s only $25 million, hardly worth them signing a check for so putrid an amount!


3 posted on 07/05/2012 2:04:35 PM PDT by True Republican Patriot (May GOD SAVE OUR AMERICA from ALLAH and his Prophet, HUSSEIN OBAMA!!)
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To: Perdogg
The Department of Energy recently awarded $25 million to a French company that posted net losses of about $70 million last year, and whose solar division is particularly troubled financially.

When are we as a whole finally going to get fed up with laboring for these shysters in Washington who know nothing but pi$$ing it all away?



4 posted on 07/05/2012 2:06:57 PM PDT by EGPWS (Trust in God, question everyone else)
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To: True Republican Patriot
I’m surprised it’s only $25 million,...

Yeah, the dim's and dimwit followers are good at giving everyone that impression.

5 posted on 07/05/2012 2:09:53 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Perdogg

So jobs are scarce here, and we’re giving 25 mil to the Frogs?

Great thinking Idiobama!


6 posted on 07/05/2012 2:12:18 PM PDT by MindBender26 (America can survive 4 years of Romney. She cannot survive another 4 years of an unfettered Obama!)
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To: Perdogg

The DOE is truly part of a Zombie Attack.


7 posted on 07/05/2012 2:12:27 PM PDT by Paladin2
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To: Perdogg
The Department of Energy recently awarded $25 million to a French company that posted net losses of about $70 million last year, and whose solar division is particularly troubled financially.

Dear DOE... may I please have my taxes back -- so I can WASTE it better.

8 posted on 07/05/2012 2:12:47 PM PDT by ExCTCitizen (If we stay home in November '12, don't blame 0 for tearing up the CONSTITUTION!!)
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To: Perdogg

And the monumental tax increases at year-end is going to permit them to throw even more of OUR hard-earned taxpayer dollars up a wild hog’s a$$.

Vote first, but if a house cleaning does not result, time for torches, pitchforks and other useful weapons. I cannot fathom how these people sleep at night. Words cannot express my anger!!!


9 posted on 07/05/2012 2:14:50 PM PDT by RatRipper (Obama, YOU LIE!!! . . .again and again and again and again, ad infinitum. . . .)
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To: Perdogg

ya..23 of the 25 goes into the ‘Bammy re-election fund?


10 posted on 07/05/2012 2:14:53 PM PDT by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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To: Perdogg

If the made a profit they would be evil capitalists.

The Obama administration only supports those that disavow capitalism.


11 posted on 07/05/2012 2:16:01 PM PDT by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: Perdogg

So jobs are scarce here, and we’re giving 25 mil to the Frogs?

Great thinking Idiobama!


12 posted on 07/05/2012 2:16:26 PM PDT by MindBender26 (America can survive 4 years of Romney. She cannot survive another 4 years of an unfettered Obama!)
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To: Perdogg

Losing money American companies won’t lose...

Mark


13 posted on 07/05/2012 2:33:58 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: Perdogg

” The report predicts that solar sales will increase in the second half of Soitec’s 2012-2013 financial year”

And pigs will fly.


14 posted on 07/05/2012 3:08:30 PM PDT by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: Perdogg
The Department of Energy recently awarded $25 million to a French company

Yes. It's outsourcing American tax dollars (for another green company that will go bankrupt - just like all the others. It's a money laundering scheme, not a business venture).

That's why the U.S. taxpayers are stuck paying the bill....... every time. The loaned tax money "conveniently" disappears, and the buildings are left empty. Does anyone believe these businesses were suppose to work? I don't.

15 posted on 07/05/2012 3:23:44 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Perdogg

Their is a repeating theme happening. Failed companies, especially Solar Companies, and lots O’ cash.
Probably just a coincidence.


16 posted on 07/05/2012 3:36:18 PM PDT by Leep (Enemy of the StatistI)
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To: Perdogg

There is a repeating theme happening. Failed companies, especially Solar Companies, and lots O’ cash.
Probably just a coincidence.


17 posted on 07/05/2012 3:36:45 PM PDT by Leep (Enemy of the StatistI)
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To: Perdogg

Wait just a minute. We, the US taxpayers, gave $25 million to a French solar company that’s on the fast track to bankruptcy? In what universe does that make any sense.


18 posted on 07/05/2012 3:57:29 PM PDT by bgill
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To: MindBender26

The largest of the three awards, totaling $25 million, went to Soitec Solar, a French company, TO BUILD A SOLAR PRODUCTION FACILITY IN SAN DIEGO, CA.


I highly doubt France would send people over here to work in the plant.


19 posted on 07/05/2012 4:27:12 PM PDT by chessplayer
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To: chessplayer

Engineering costs, management, and profits, all French.... at our expense!


20 posted on 07/05/2012 7:09:57 PM PDT by MindBender26 (America can survive 4 years of Romney. She cannot survive another 4 years of an unfettered Obama!)
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To: bgill

This is just like what happened in the 1970’s. Carter funded crap solar companies like these, and they all went bust.


21 posted on 07/05/2012 7:35:03 PM PDT by aimhigh
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