I have good news. The Department of Energy has offered a $2.1 billion conditional commitment loan guarantee to support a concentrating solar thermal power plant near Blythe, California. This is the largest amount ever offered to a solar project through our the Department's Loan Programs Office.
The loan will support two units of the Blythe Solar Power Project that will have a combined 484 megawatt generating capacity. These units are part of a larger project, sponsored by Solar Trust of America, that when completed will generate 1,000 megawatts of solar power, enough to power 95,000 homes a year.
The project is expected to create more than 1,000 jobs and is estimated to avoid more than 710,000 tons of carbon dioxide emissions annually, which is equivalent to the annual greenhouse gas emissions from more than 123,000 vehicles.
The Department’s loan guarantees play a critical role in facilitating the large-scale deployment of innovative clean energy technologies. Including loans for advanced vehicle technologies, the Department has committed financing to support 27 clean energy projects that will create or save more than 60,000 jobs across the U.S.
Today, we are in a global race to develop and deploy clean energy technologies. We can either sit on the sidelines and watch the competition pass us by or we can get in the race and play to win.
When we rev up the great American innovation machine, we can out-compete any other nation.
To spur innovation and grow the domestic clean energy market, President Obama has proposed doubling the amount of electricity we generate from clean energy sources by 2035. Investments in projects like the Blythe Solar Power Project will help meet this goal while creating jobs and positioning the U.S. to lead in the solar industry.
Article by Steven Chu, United States Secretary of Energy.
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The Solyndra case proves that the DOE LOAN and ATVM funding was based on pure bribery and lobby manipulation. All of the failure points on Solyndra have been visible for ages. Feinstein and DOE pushed the money to Solyndra in exchange for pass by fees to their friends and campaigns.
Kleiner Perkins put Chu in office as Secratary in order to get favored nations funding for their portfolio companies and keep competitors to those portfolio companies from getting funded. Steve Westly and Kholsa helped them along with Raj Gupta.
Detroit’s lobbyists said,” we can’t get you any more taxpayer money because the public knows we are liars” “Tell them we need the money to build electric cars- and then we can BS them into coughing it up” said the lobbyists. The law said that the money was to go to any American car company but it only went to a Japanese company and Detroit. (Tesla is now controlled by Detroit no matter what crap Elon foists off so don’t say they are not part of it.) All of the independent electric car companies who weren’t part of Detroit or the Gore VC’s were blockaded from funding. The way they did it is against the law.
The DOE ATVM And Loan Gaurantee programs were conducted by criminals in order to commit crimes. Steve Rattner, who was at the head of those programs, has already been charged with crimes. Lachlan Seward, Matt Rogers and the rest of them need to go to jail.
Steve Rattner (Now a proven criminal by the State of NY), Lachland Seward, Matt Rogers and his partner Steve Spinner and most of Tesla’s friends at McKinsey Consulting from Silicon Valley (Who used Tax payer jets to fly back and forth to Silicon Valley to go bike riding), Steve Westley and a group who now left DOE, and some who are still there are criminals. They stole your tax money and put in their friends pockets. Federal investigations have already shown that Detroit embezzeled and misspent the first monies distributed.
The few applicants that did get money spent tens of millions of dollars on bribes and lobby “incentives” equal in ratio to the money they got. Now the White House says that $17B of the taxpayer money that DEtroit got is a write-off and is lost forever. In other words Detroit has already embezzeled more money than all of the other applicants applied for put together.
Google Tesla’s Siry on “DOE stifles innovation” to read what one of the highest level staff at one of the car companies said.
The GAO, a federal crime busting agency, just released public reports saying that the DOE Loan programs were corrupt. All of the people under Seward were “connected” or “made men” in the Detroit cadre. Seward changed the section 136 first-come-first serve rule (Which appears to be illegal) in order to provide advantages to his friends in Detroit who didnt bother to apply in time and to cut out the smaller players who were already ahead in the application proces
Subpeonas of Detroit and DOE Loan Departments will prove crime, corruption, favoritism and rigged contracts were the rule and not the exception.
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