GOP: The New Nazi Party!
This weekend German solar power plants set a new record- producing 22 Gigawatts of electricity per hour – the equivalent of 20 nuclear power plants running full tilt. This despite Germanys location- and weather that is similar to notoriously cloudy Seattle or artic Alaska.
Not only that- but the solar met a full 1/3 of the nations energy needs on a high consumption workday (friday), and almost half of the nations needs on Saturday.
Article at Reuters here
Despite glowing press clippings in which the CEO of Colorado-based Abound Solar claimed seven months ago that his company was the “anti-Solyndra,” the green-energy firm has filed for chapter 7 bankruptcy liquidation. It is terminating all 125 workers at its Loveland, Colo. headquarters, and is blaming China for its failure.
The U.S. Department of Energy awarded Abound Solar a $400 million loan guarantee in December 2010, funds that the then-three-year-old startup said it would use to compete with solar panel industry leader First Solar.
The company had tapped into about $70 million of those funds by August 2011 when the DOE unplugged it from the taxpayers’ cash stream, around the same time the more famous Solyndra went bankrupt. That company ate through $535 million in loans guaranteed by the federal government before it failed. (DC)
Congratulations! You now have cause to celebrate! Of course, to put that in perspective, we waste two billion dollars A WEEK in Afghanistan. That’s five times the loan amount made to Abound — EVERY WEEK.
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DRUDGE RETORT 