Another $2 billion of taxpayer money lost on solar companies
Yesterday, Solar Trust of America filed bankruptcy. Exactly a year ago, Obama’s DOE gave them a $2.1 billion loan guarantee to build a factory. The plant was supposed to create 1,000 direct jobs and 7,500 indirect jobs. Well, maybe for the attorneys.
BTW, the CEO had a background in commodities trading and property management. Clearly, Steve Chu has serious skills as a venture capitalist!
See here for more.