Google-Owned Solar Company Seeks Massive Government Grant To Pay Even More Massive Government Loan
Solyndra, step aside. This solar energy company wants a 5.4 million dollar
federal grant to help pay a 1.6 billion dollar federal loan and the parent
company is on of the richest companies in the world....
(Daily
Caller) A renewable energy company touted publicly by President Barack Obama
which lists Google as an investor is requesting a $539 million federal grant to
help pay off part of a $1.6 billion federal loan it received to build a solar
plant in the Mojave desert.
The Ivanpah Solar Electric Generating System, which is owned by Google, NRG Energy and BrightSource Energy, uses nearly 175,000 mirrors, called heliostats, and sprawls 3,500 acres in California.
"It’s going to put about 1,000 people to work building a state-of-the-art facility. And when it’s complete, it will turn sunlight into the energy that will power up to 140,000 homes," Obama said of Ivanpah in a weekly address in Oct. 2010, touting a new clean-energy investment initiative he said would stimulate the economy.
Read The Full Story
(Daily
Caller) A renewable energy company touted publicly by President Barack Obama
which lists Google as an investor is requesting a $539 million federal grant to
help pay off part of a $1.6 billion federal loan it received to build a solar
plant in the Mojave desert.The Ivanpah Solar Electric Generating System, which is owned by Google, NRG Energy and BrightSource Energy, uses nearly 175,000 mirrors, called heliostats, and sprawls 3,500 acres in California.
"It’s going to put about 1,000 people to work building a state-of-the-art facility. And when it’s complete, it will turn sunlight into the energy that will power up to 140,000 homes," Obama said of Ivanpah in a weekly address in Oct. 2010, touting a new clean-energy investment initiative he said would stimulate the economy.
Read The Full Story
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