« previous next »
Pages: [1]   Go Down

Author Topic: Solar Trust of America files bankruptcy after $2.1 bllion DOE loan  (Read 1170 times)

0 Members and 1 Guest are viewing this topic.

Offline Chris_

  • Little Lebowski Urban Achiever
  • Hero Member
  • *****
  • Posts: 46845
  • Reputation: +2028/-266
Solar Trust of America files bankruptcy after $2.1 bllion DOE loan
« on: April 03, 2012, 09:53:41 AM »
Quote
Solar Trust of America files bankruptcy

Solar Trust of America LLC, which holds the development rights for the world's largest solar power project, on Monday filed for bankruptcy protection after its majority owner began insolvency proceedings in Germany.

The Oakland-based company has held rights for the 1,000-megawatt Blythe Solar Power Project in the Southern California desert, which last April won $2.1 billion of conditional loan guarantees from the U.S. Department of Energy. It is unclear how the bankruptcy will affect that project.

Edward Kleinschmidt, Solar Trust of America's chief operating officer, in a court filing said the company has already missed two quarterly rent payments on the Blythe project, and cannot make several other payments due imminently.
Reuters

Obama math... force proven energy companies to pay higher taxes by removing standard deductions + give that tax money to unstable, unreliable "green" energy companies = bankruptcy.
Logged
If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline wasp69

  • Hero Member
  • *****
  • Posts: 7567
  • Reputation: +907/-520
  • Hillbilly Yeti
Re: Solar Trust of America files bankruptcy after $2.1 bllion DOE loan
« Reply #1 on: April 03, 2012, 09:59:19 AM »
And the obama legacy continues....
Logged
"We make men without chests and expect of them virtue and enterprise. We laugh at honor and are shocked to find traitors in our midst. We castrate and then bid the geldings to be fruitful."

C.S. Lewis

A community may possess all the necessary moral qualifications, in so high a degree, as to be capable of self-government under the most adverse circumstances; while, on the other hand, another may be so sunk in ignorance and vice, as to be incapable of forming a conception of liberty, or of living, even when most favored by circumstances, under any other than an absolute and despotic government.

John C Calhoun, "Disquisition on Government", 1840

Offline obumazombie

  • Siege engine to lib fortresses
  • Hero Member
  • *****
  • Posts: 21814
  • Reputation: +1661/-578
  • Last of the great minorities
Re: Solar Trust of America files bankruptcy after $2.1 bllion DOE loan
« Reply #2 on: April 03, 2012, 10:01:22 AM »
Quote from: chris_ on April 03, 2012, 09:53:41 AM
Reuters

Obama math... force proven energy companies to pay higher taxes by removing standard deductions + give that tax money to unstable, unreliable "green" energy companies = bankruptcy.
Don't forget the part where owebuma funnels money to his campaign contributors. That part is essential to owebuma math.
Logged
There were only two options for gender. At last count there are at least 12, according to libs. By that standard, I'm a male lesbian.

Offline BlueStateSaint

  • Here I come to save the day, because I'm a
  • Hero Member
  • *****
  • Posts: 32553
  • Reputation: +1560/-191
  • RIP FDNY Lt. Rich Nappi d. 4/16/12
Re: Solar Trust of America files bankruptcy after $2.1 bllion DOE loan
« Reply #3 on: April 03, 2012, 10:26:27 AM »
Quote from: obumazombie on April 03, 2012, 10:01:22 AM
Don't forget the part where owebuma funnels money to his campaign contributors. That part is essential to owebuma math.

But they still go bankrupt, so the general narrative stays the same.
Logged
"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
 
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him.  God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible

"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor

Chase her.
Chase her even when she's yours.
That's the only way you'll be assured to never lose her.

Offline Kyle Ricky

  • Hero Member
  • *****
  • Posts: 7596
  • Reputation: +614/-1086
Re: Solar Trust of America files bankruptcy after $2.1 bllion DOE loan
« Reply #4 on: April 03, 2012, 11:41:53 AM »
Sheesh, the cycle continues.
Logged

Offline JohnnyReb

  • In Memoriam
  • Hero Member
  • *****
  • Posts: 32063
  • Reputation: +1998/-134
Re: Solar Trust of America files bankruptcy after $2.1 bllion DOE loan
« Reply #5 on: April 05, 2012, 01:01:45 PM »
We need a DNA test for the "corruption" genome.
Logged
“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin
Pages: [1]   Go Up
« previous next »