The Hill: “The Energy Department said Thursday it expects to begin tentatively approving new taxpayer-backed loans for renewable energy projects in the coming months. The announcement comes about seven months after Solyndra, the California solar firm that received a $535 million loan guarantee from the administration in 2009, went bankrupt, setting off a [...]
New York Times: “opting for models that promise better mileage through new technologies does not necessarily save money, according to data compiled for The New York Times . . . . the added cost of the fuel-efficient technologies is so high that it would take the average driver many years — in some [...]
ZeroHedge: “Solyndra was just the appetizer. Earlier today, in what will come as a surprise only to members of the administration, the company which proudly held the rights to the world’s largest solar power project, the hilariously named Solar Trust of America (“STA”), filed for bankruptcy. And while one could say that the [...]
Las Vegas Sun: “The electricity produced by NV Energy’s $46 million wind rebate program has fallen far short of expectations. . . . one turbine that cost the city $21,000 to install saved the city $4 on its energy bill. Overall, $416,000 worth of turbines have netted the city $2,800 in energy savings.