Author Topic: Biden Megadonor Scores $500 Million Federal Loan for Solar Company  (Read 374 times)

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Offline SVPete

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Biden Megadonor Scores $500 Million Federal Loan for Solar Company

https://freebeacon.com/biden-administration/biden-megadonor-scores-500-million-federal-loan-for-solar-company/

Quote
A solar energy company owned by a Biden megadonor received a $500 million government loan to build a manufacturing facility in India, the Biden administration announced this week, raising questions about whether the company's political clout played any role in the financing decision.

The U.S. International Development Finance Corporation granted the loan to First Solar, which is owned by billionaire Walmart heir Lukas Walton, to build a solar module plant in India. Walton contributed over $300,000 to President Joe Biden's campaign last year, and over $100,000 to the Democratic National Committee, according to campaign finance records.


The loan to First Solar is the "largest single debt financing transaction" issued by the DFC, the agency announced this week. The DFC said the investment in the India project will "promote DFC's commitment to diversifying supply chains," following demands from lawmakers that the agency avoid funding any solar projects connected to forced labor in China.
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Offline thundley4

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Re: Biden Megadonor Scores $500 Million Federal Loan for Solar Company
« Reply #1 on: December 11, 2021, 03:52:35 PM »
DUmmies should be outraged since a Walmart heir is involved, but they won't be.

Didn't Obama use this playbook to pay back his big donors, too?

Offline DLR Pyro

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Re: Biden Megadonor Scores $500 Million Federal Loan for Solar Company
« Reply #2 on: December 11, 2021, 06:05:46 PM »
why are taxpayer dollars going to a U.S. company to build a factory in India?
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Offline thundley4

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Re: Biden Megadonor Scores $500 Million Federal Loan for Solar Company
« Reply #3 on: December 11, 2021, 06:16:04 PM »
why are taxpayer dollars going to a U.S. company to build a factory in India?

the India project will "promote DFC's commitment to diversifying supply chains," following demands from lawmakers that the agency avoid funding any solar projects connected to forced labor in China.


Offline Eupher

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Re: Biden Megadonor Scores $500 Million Federal Loan for Solar Company
« Reply #4 on: December 11, 2021, 06:30:37 PM »
#SharterJoe can't even be original. This is right out of Barry's Solyndra debacle.

Oh, wait! There were more debacles under Barry. A LOT more!  :whatever:

https://www.dividedstates.com/list-of-failed-obama-green-energy-solar-companies/
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Offline DefiantSix

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Re: Biden Megadonor Scores $500 Million Federal Loan for Solar Company
« Reply #5 on: December 11, 2021, 08:00:58 PM »
.

...Didn't Obama use this playbook to pay back his big donors, too?

Solendra being just one example. To the tune of the same $500 million from the taxpayers wallets...
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Offline enslaved1

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Re: Biden Megadonor Scores $500 Million Federal Loan for Solar Company
« Reply #6 on: December 13, 2021, 10:26:27 AM »
Solendra being just one example. To the tune of the same $500 million from the taxpayers wallets...

And didn't that CEO vanish, along with all or most of that taxpayer money?
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Offline SVPete

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Re: Biden Megadonor Scores $500 Million Federal Loan for Solar Company
« Reply #7 on: December 13, 2021, 11:16:11 AM »
Chris Gronet was Solyndra's CEO in all but its final year. He's still mucking about. Brian Harrison was CEO in Solyndra's final months. Neither seem to be sufficiently "significant" to have W'pedia bios.
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Offline FlaGator

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Re: Biden Megadonor Scores $500 Million Federal Loan for Solar Company
« Reply #8 on: December 13, 2021, 11:48:16 AM »
the India project will "promote DFC's commitment to diversifying supply chains," following demands from lawmakers that the agency avoid funding any solar projects connected to forced labor in China.

Because that worked so well with China at the start of the pandemic.
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Offline Old n Grumpy

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Re: Biden Megadonor Scores $500 Million Federal Loan for Solar Company
« Reply #9 on: December 14, 2021, 12:40:45 PM »
This is the new and improved Solyndra V2.0 under the new green deal!! :rant: :rant: :rant: :rant: :rant: :rant:
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