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Keyword: firstsolar

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  • Sen. Reid Breaks Ground for Solar Farm Near Bundy Ranch(BLM conspiracy and collusion continues)

    04/23/2014 4:25:51 AM PDT · by Liz · 41 replies
    First Solar Media press release | 4/14/14 | BACKSTORY
    SOURCE First Solar Media press release: “First Solar is thrilled to celebrate this important milestone with Sen. Reid and distinguished guests, and honored to work with the Moapa Band of Paiutes on this landmark project,” said Jim Hughes, the CEO of First Solar. Signaling the first day of construction of the Moapa Southern Paiute Solar Project, which is about 35 miles from the Bundy homestead in Bunkerville, Nevada, Sen. Reid (far right) hoists shovel, joined by representatives from the Moapa Band of Paiutes, executives from First Solar, Inc. and the Los Angeles Department of Water and Power for the groundbreaking...
  • Solar companies learn to play nice with environmentalists [setting aside land]

    04/17/2014 5:00:27 PM PDT · by Jim Robinson · 36 replies
    GIGAOM ^ | flashback AUG. 9, 2011 | by Ucilia Wang
    As more solar farms arise in the sunny corners of the U.S., it’s inevitable that solar developers will have to play ball with environmentalists. First Solar and SunPower announced an agreement with the environmental groups to add thousands of acres near their projects for wildlife protection. As more solar farms arise in the sunny corners of the U.S., it’s inevitable that solar developers will have to play ball with environmental groups. First Solar and SunPower announced an agreement on Tuesday with the Sierra Club and others to add thousands of acres near their proposed projects for wildlife protection. The agreement...
  • Salazar ‘Flips the Switch’ on First Large-Scale Solar Energy Project on Public Lands [Nevada]

    04/14/2014 11:03:38 PM PDT · by SatinDoll · 45 replies
    U.S. Department of the Interior ^ | April 5, 2012 | Adam Fetcher
    PRIMM, Nevada – As part of President Obama’s all-of-the-above approach to energy, today Secretary of the Interior Ken Salazar “flipped the switch” on the Enbridge Silver State North solar project, the first large-scale solar energy facility on U.S. public lands to deliver power to American consumers. This milestone is in line with the administration’s broad commitment to expanding production of all sources of American made energy, including from renewable sources, such as wind and solar, which has doubled in the President’s first term, as well as domestic production of oil and gas resources, which have increased each year the President...
  • SolarCity US DOE loan approval fails

    09/26/2011 9:12:48 AM PDT · by martin_fierro · 9 replies
    PVTech ^ | 9/26/11 | Mark Osborne
    SolarCity US DOE loan approval fails According to news reports, US-based solar installation firm, SolarCity will not be able to complete and comply with documentation deadlines of September 30th to be considered for a US Department of Energy loan, previously announced. Earlier this month, the DOE had made a conditional commitment for a partial loan guarantee to SolarCity for PV system installations on residential and other buildings at US military bases. The US$344 million loan would go towards 371MW of new solar power generation capacity. The project, code named SolarStrong, will be led by SolarCity, with USRG Renewable Finance acting...
  • First Solar's Crony Socialism is a Big Failure

    06/07/2012 1:18:44 PM PDT · by jazusamo · 3 replies
    National Legal & Policy Center ^ | June 7, 2012 | Paul Chesser
    Renewable-loving Los Angeles is showing that even the power of billions of dollars in taxpayer“stimulus” cannot overcome the dominant hand of government regulation, and ironically it’s costing President Obama more green jobs. One of the darlings of the Department of Energy’s Loan Guarantee Program,First Solar, has seen itsstock price take a drubbing, laid off thousands of workers, and left its leadership – with significant influence from Walmart’sWalton family – scrambling to save the company. The latest stumble has led to another setback of worker inactivity at First Solar’s Antelope Valley Solar Ranch One project in California, approximately 75 miles...
  • Canadian firm will receive up to 50 million stimulus dollars for NV solar plant with two employees

    05/14/2012 11:31:35 AM PDT · by NevadaPolicyResearchInstitute · 6 replies
    Nevada Journal ^ | May 10, 2012 | Kyle Gillis
    LAS VEGAS — The company behind the recently opened Silver State North solar plant is eligible to receive up to $50 million in federal tax credits under the Obama administration’s “stimulus” legislation, even though the plant created only two full-time jobs. According to a Department of Interior memo, Enbridge Energy Partners, a Canadian-based company with extensive energy holdings in the U.S. that purchased the Southern Nevada plant from Arizona-based First Solar, “can apply for payments of up to 30 percent of the eligible costs of the project — approximately $50 million.” The payments are available through the 1603 Program, a...
  • First Solar Restructuring Leads To Loss Of $449M

    05/07/2012 12:30:25 PM PDT · by robowombat · 8 replies
    AP ^ | Fri, 05/04/2012 - 2:36pm | Jonathan Fahey, AP Energy Writer
    NEW YORK (AP) — A shakeout that is rattling the solar panel industry has sent First Solar, once among the industry's biggest and strongest companies, to a big quarterly loss. First Solar Inc. said Thursday that it lost $449 million in the first quarter, The company also announced that its Chief Commercial Officer, James Hughes, would become CEO, replacing interim chief and company founder Mike Ahearn. First Solar said the loss amounted to $5.20 per share..... In the year-ago quarter, the company earned $115 million, or $1.33 per share, on revenue of $567 million. First Solar, along with other makers...
  • Taxpayers Reward Executives for Failure as Green Jobs are Slashed

    04/19/2012 4:03:17 PM PDT · by jazusamo · 5 replies
    National Legal & Policy Center ^ | April 19, 2012 | Paul Chesser
    First Solar , the beneficiary of at least $3 billion in Department of Energy loan guarantees, paid its former CEO $32 million over two years as he stewarded its stock price from $143 to below $100. Today it sells for less than $21-per-share, hitting a 52-week low last week, and yesterday the company announced it would slash global payroll by 2,000 workers in Malaysia, Europe and the U.S. The Arizona Republic reported Thursday that Rob Gillette, who was terminated as CEO in October, received $16.55 million during the first three months of employment in 2009 (October to December), and...
  • Obama Doubles Down On More Solyndras

    04/18/2012 6:11:14 PM PDT · by raptor22 · 4 replies
    IBD Editorials ^ | April 18, 2012
    Green Energy: Another day and another set of layoffs at a Department of Energy-backed solar company and an electric-car maker funded with stimulus dollars. Yet the President wants to double down on green energy. First Solar, a solar energy company that received a $1.46 billion loan guarantee from the Department of Energy, announced Monday it will lay off 2,000 workers worldwide. In December, First Solar laid off 100 employees at a Santa Clara , Calif., plant. The DOE has committed the loan to a project in Riverside County, Calif., expected to create a whopping 15 permanent jobs and 550 construction...
  • Crony Capitalist Land Grab in California

    04/07/2012 6:57:09 AM PDT · by Law is not justice but process · 13 replies
    Watts Up With That ^ | April 6, 2012 | Alec Rawls
    In 2006 California’s Senate Bill 107 codified a requirement that by 2010 all electricity retailers in the state were to procure 20% of their electricity from “renewables.” That same year L.A. County Supervisor Michael Antonovich established Nuisance Abatement Teams that started combing the Mojave desert hitting isolated residents with ever-expanding lists of code violations, imposing whatever it took to drive residents out, and they made their intentions perfectly clear . . . . . . Apparently it is not enough that our green crony capitalists are getting billions in taxpayer subsidies, or that that rate-payers are forced to buy their...
  • Firm (First Solar) sells solar panels - to itself, taxpayers pay

    03/21/2012 12:44:34 PM PDT · by PhxRising · 5 replies
    Washington Examiner ^ | 3/18/2012 | Timothy P carney
    A heavily subsidized solar company received a U.S. taxpayer loan guarantee to sell solar panels to itself. First Solar is the company. The subsidy came from the Export-Import Bank, which President Obama and Harry Reid are currently fighting to extend and expand. The underlying issue is how Obama's insistence on green-energy subsidies and export subsidies manifests itself as rank corporate welfare. Here's the road of subsidies these solar panels followed from Perrysburg, Ohio, to St. Clair, Ontario. First Solar is an Arizona-based manufacturer of solar panels. In 2010, the Obama administration awarded the company $16.3 million to expand its factory...
  • Firm Sells Solar Panels - To Itself, Taxpayers Pay

    03/19/2012 10:56:23 PM PDT · by Lmo56 · 5 replies
    Washington Examiner ^ | 3/19/12 | Timothy P. Carney
    A heavily subsidized solar company received a U.S. taxpayer loan guarantee to sell solar panels to itself. First Solar is the company. The subsidy came from the Export-Import Bank, which President Obama and Harry Reid are currently fighting to extend and expand. The underlying issue is how Obama's insistence on green-energy subsidies and export subsidies manifests itself as rank corporate welfare. Here's the road of subsidies these solar panels followed from Perrysburg, Ohio, to St. Clair, Ontario.
  • Class Action Filed Against Taxpayer-Backed First Solar

    03/19/2012 11:31:14 AM PDT · by jazusamo · 5 replies · 1+ views
    National Legal & Policy Center ^ | March 19, 2012 | Paul Chesser
    Securities law firms are lining up to get a piece of the action after a class action lawsuit was filed against federally subsidized First Solar, Inc., allegedly because the company failed to disclose the massive costs it was incurring due to defects in its solar panels, leading investors to believe the company’s stock was worth more than its actual value. The complaint, filed by the New York-based Pomerantz, Haudek, Grossman, & Gross law firm, claims that First Solar executives – including founder Michael Ahearn and former CEO Robert Gillette – “made false and/or misleading statements, as well as failed...
  • Taxpayers Take Hit as Solar Industry Implodes

    01/04/2012 12:23:21 PM PST · by jazusamo · 15 replies
    National Legal & Policy Center ^ | January 4, 2012 | Paul Chesser
    In a year where Solyndra became the face of the solar industry’s chronic failures, even the holiday season could not prevent one last flurry of layoffs in 2011. The Mountain Enterprise (based in Frazier Park, Calif.) reported over the weekend that First Solar, Inc. – which the media sometimes identifies as the largest solar company in the world – laid off half its employees on Friday at its Antelope Valley Solar Ranch One project. The facility has been the subject of controversy in the local community over the effects it will have on land use, wildlife, and water usage....
  • WH Budget Official: Oh, We Made Far Worse Loans Than Solyndra

    10/10/2011 6:09:08 PM PDT · by george76 · 31 replies
    Townhall. ^ | October 10, 2011 | Guy Benson
    Happy Monday, Obama administration. According to a new tranche of emails obtained by ABC News, the political wreckage of the Solyndra scandal could get significantly more grisly before all is said and done. In one particularly incriminating note, a staffer at the White House's Office of Management and Budget candidly frets that "bad days" lie ahead : Emails released earlier this month show that at least one official of the Office of Management and Budget worried that Solyndra was just the tip of the iceberg when it came to ill-conceived government loans to green energy companies. “(W)hat’s terrifying is that...
  • Big Time Scandals by Obama Administration Too Small for Investigation by Mainstream Media?

    10/01/2011 9:37:34 AM PDT · by opentalk · 15 replies
    Canada Freepress ^ | October 1, 2011 | Jerry McConnell
    Since Obama’s inauguration in January 2009 there have been several major scandals in which his Administration has been involved, principally, Operation Fast and Furious the government sponsored sale of guns to small time gun sellers along our border with Mexico; the failed ‘Stimulus’ loan of multi-millions to Solyndra and LightSquared, two small businesses that were Obama preferred for loans. All three of these Obama Administration ventures were major failures involving scandalous behavior. ...Is the entire communications arm of our country becoming beholden to Obama and his scandal ridden administration peopled by socialist, communists who break our laws with impunity and...
  • DOE backs 3 more solar loans as deadline looms (Increase Update: 4 loans now @ $5 Billion)

    09/30/2011 1:38:57 PM PDT · by abb · 89 replies
    CBS News ^ | September 30, 2011 | Staff
    With a midnight deadline looming, the Energy Department has approved three more loan guarantees for solar energy totaling about $3.5 billion. Energy Secretary Steven Chu says the department has completed a $1.5 billion loan guarantee to Arizona-based First Solar Inc. for a 550-megawatt solar farm on federal land in Southern California and $646 million to Exelon Corp. for a 230-megawatt solar plant near Los Angeles. A third project, worth $1.4 billion, will support installation of about 750 solar rooftop panels in 28 states. snip
  • D-Day For Green Energy Loan Guarantees As Another Solar Firm Files For Bankruptcy

    09/30/2011 1:26:30 PM PDT · by bestintxas · 10 replies
    forbes ^ | 9/30/11 | Todd Woody
    Update: The U.S. Department of Energy has just announced it has finalized $2.1 billion in loan guarantees for two First Solar photovoltaic power plant projects in California. And First Solar just announced it has sold the 550-megawatt Desert Sunlight project, which received a $1.46 billion loan guarantee to NextEra Energy Resources and GE Energy Financial Services. This is D-Day for First Solar and other renewable energy developers counting on billions of dollars in federal loan guarantees. In a matter of hours, the deadline for the United States Department of Energy to finalize those loans will pass. And as the clock...
  • More solar companies led by Democratic donors received federal loan guarantees

    09/28/2011 10:15:09 PM PDT · by martosko · 19 replies · 1+ views
    The Daily Caller ^ | 09/29/2011 | John Rossomando
    A Daily Caller investigation has found that in addition to the failed company Solyndra, at least four other solar panel manufacturing companies receiving in excess of $500 million in loan guarantees from the Obama administration employ executives or board members who have donated large sums of money to Democratic campaigns. And as questions swirl around possible connections between political donations and these preferential financing arrangements, the Obama White House suddenly began deflecting The Daily Caller’s questions on Wednesday to the Democratic National Committee. Asked Wednesday to comment on the connection between large Democratic donors and Obama administration loan guarantees to...
  • Reid: Clean Energy Project To Bring Hundreds Of Jobs To Nevada

    09/20/2011 3:55:48 PM PDT · by mdittmar · 40 replies
    Senate Majority Leader Harry Reid ^ | September 20, 2011 | Senate Majority Leader Harry Reid
    Silver State North will create hundreds of jobs, power more than 9,000 homes each year September 20, 2011 Washington, D.C. – Nevada Senator Harry Reid applauded today the Silver State North Solar Project in Clark County that is currently under construction. Silver State North will create more than 200 construction jobs and additional operations positions while generating state and local tax revenues. When the plant is fully operational in 2012, it will generate enough solar energy to power more than 9,000 Nevada homes each year. "Silver State North is the latest example of a renewable energy project that will create...
  • First Solar nabs $4.5 billion in DOE loan guarantees

    07/01/2011 9:05:50 AM PDT · by NormsRevenge · 11 replies
    Mercury News ^ | 7/1/11 | Dana Hull
    The Department of Energy announced Thursday that it has awarded First Solar, America's dominant solar manufacturer, nearly $4.5 billion in conditional loan guarantees to support the construction of three solar power plants in Southern California. With the latest awards, First Solar, headquartered in Tempe, Ariz., has nabbed a third of the $16 billion in loan guarantees the DOE has granted for solar generation to date. In January, First Solar was awarded a nearly $1 billion loan for its 290-megawatt Agua Caliente project in Arizona. First Solar expects the three projects, which should begin delivering electricity in 2014, to create 1,400...
  • Solar Stocks Soar To 52-Week High; GT Reports Late

    02/02/2011 11:35:23 AM PST · by Slyscribe · 7 replies
    IBD's Click ^ | 2/2/2011 | Donna Howell
    With Egypt tensions boosting oil prices, and some favorable analyst and news reports coming out ahead of earnings, solar energy shares broadly jumped Wednesday. The 25-company Energy-Solar industry group was up 4.7% in early afternoon, leading all 197 industry groups tracked by IBD, after hitting a 12-month high intraday. Energy-Solar is up more than 19% in 2011. Key members of this group that have risen solidly this year include: First Solar 26% (FSLR), Trina Solar 20% (TSL), LDK Solar (LDK) 34%, and Yingli Green Energy (YGE) and GT Solar International (SOLR) , both up 24%. Smaller high performer JinkoSolar Holding...