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Solyndra's Demise Sparks Stimulus Concerns
WASHINGTON, Sept. 2 (UPI) -- The demise of Freemont, Calif., solar panel manufacturer Solyndra, which received a $535 million loan guarantee from the federal government in 2009, calls into question the Obama administration's clean-energy stimulus program.
It was the first company selected under the program, authorized in a 2005 energy law and expanded in the 2009 stimulus law.
In a May 2010 speech at the company President Obama said, "Companies like Solyndra are leading the way toward a brighter and more prosperous future."
Take your old computer, DVD player, or other electronics to an electronics recycling center. Reusing and recycling materials like copper, gold, and others saves natural resources and reduces mining and processing. eCycling also helps avoid land, air, and water pollution by capturing and reusing hazardous substances such as lead or chromium.
NextEra Energy Resources' Subsidiary Closes on $935 Million Financing and Secures a DOE Loan Guarantee for its Genesis Solar Project
JUNO BEACH, Fla., Aug. 29, 2011 /PRNewswire-FirstCall/ -- NextEra Energy Resources, LLC, announced that its subsidiary, Genesis Solar, LLC, has closed on construction and term financing consisting of $702 million in project bonds, a $150 million project term loan facility and an $83 million project letter of credit facility. The U.S. Department of Energy has provided a loan guarantee of 80 percent of the principal and interest on the project bonds and project term loan under its Financial Institution Partnership Program. Proceeds from the financing will be used primarily for the construction of the Genesis project, a 250-megawatt utility-scale concentrating solar thermal generating facility featuring proven parabolic trough solar thermal technology, located in Riverside County, Calif.
Cleantech Solutions Receives Sample Orders for LED Lighting Equipment Components
WUXI, Jiangsu Province, China, Aug. 22, 2011 /PRNewswire-Asia-FirstCall/ -- Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (NASDAQ: CLNT), a manufacturer of metal components and assemblies, primarily for the wind power industry as well as solar and other industries, today announced that the Company has received a sample order from an international customer to supply a chamber which is a key component for Sapphire Growth System used in the manufacture of LED general lighting applications.
Cleantech Solutions expects to deliver the sample order to its customer for inspection and approval in September 2011. Following approval, the Company expects its customer to place orders for additional chambers and other components of Sapphire Growth System.
You can tell a lot about somebody by the way they manage their money. So the latest financial-disclosure details from Barack and Michelle Obama provide fresh insights into the character of the world’s leading power couple. The Obamas’ net worth … Continue reading →