Category Archives: Solar

Another day, another solar ripoff

Another day, another greenco ripoff. Seems this time we have a firm that’s managed to ripoff the Feds and Arizona for  a few million hard-earned tax dollars. It seems Suntech is filing for bankruptcy.

Suntech is shuttering the Goodyear plant and laying off its 43 remaining workers. But not before it pocketed $1.5 million in tax breaks from the state, $2.1 million from the federal government, and $500,000 in job training from the city.

In case your calculator is broken that’s another $3.65 million out the door. Not much compared to Solyndra other greenco failures, but it all adds up.

Source: Reason

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Filed under Arizona, Co2 Insanity, Global Warming, Green Energy, Green Tech, Politics, Renewable Energy, Solar

Stimulus-Backed Solar Facility Touted By Harry Reid Shuts Down

Looks like we have another winner in the green jobs category. It won’t be long before there’s no solar panels being made in the United States.  Sounds like it should be called Solyndra II. The Democrats and the Obama Administration sure can pick ’em! Gory details (or should that be Gore-ee) at the source below.

Source: The Foundry

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Filed under Solar

The San Francisco Green Energy Ripoff

A photo of San Francisco at night with green power?

It seems San Francisco will soon have “free” green energy that isn’t “free” or very “green.” Instead of “free” and “green” we get this:

  • Monthly bills will increase by $84 to $180 annually
  • You’re signed up automatically and if you don’t opt out your stuck with the increase
  • Due to the unreliability of wind power and solar your electricity will still come from coal and gas power plants when those don’t work on windless and cloudy days.
  • The startup costs $19.5 million including $15 million placed in an escrow account to pay Shell Energy North America if the program is terminated before the contract expires in 4½ years.

San Francisco, touted as “the city that knows how” evidently only “knows how” to rip off the taxpayers. There are probably 19.5 million ways to spend that $19.5 million on things that would make San Francisco a better place to live than on overpriced faux green energy.

The city’s a mess in many places. Traffic’s a mess, the streets are a mess, the homeless are a mess, crime is a mess, there are many blighted places. Let’s not forget that the schools are taking it  in the shorts thanks to Jerry Brown’s faux budget that recently fell apart and could also use that money.

Nope, in San Francisco politics it’s better to genuflect to the imaginary green energy god. Keeping PG & E who appears to be able to provide  cleaner, more reliable and less expensive energy would have just been too simple compared to creating another SF bureaucracy that appears to be FUBAR before it even starts.

If you thought that the power going out a Candlestick Park during a nationally televised football game was an embarrassment just wait and see what happens, or doesn’t, as the case may be. No wonder the 49’ers want to move to Santa Clara.

Sources: SF Examiner  & SF Business Times

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Filed under AB32 California, California Green Jobs, Climate Alarmism, Climate Change, Climate Disruption, CO2, Co2 Insanity, Financial, Global Warming, Government, Green Energy, Politics, pollution, Solar, Wind Power

BP DUMPS SOLAR

……And another one bites the dust. British Petroleum is shuttering its solar manufacturing business. More proof that solar isn’t the big panacea it’s touted to be and is not going to be providing many shovel-ready jobs in the United States or anywhere else, with the possible exception of China.

The unit, which BP has been scaling back since 2008, is the latest sun energy business to fall victim to rampant competition from China, falling prices, overcapacity and lower government subsidies on which the industry still depends.

This doesn’t only affect Europe, this is going to have a worldwide effect…..

The company confirmed on Wednesday that it plans to exit its large-scale projects at Long Haven in the U.S. and Moree in Australia.

Add this to the long list of dead or dying companies such as Solyndra and Evergreen Solar in the US and…..

Swiss bank Sarasin said in a recent study that Conergy and Q-Cells were among the German solar companies most exposed to the sector’s crisis.

We continue to maintain that if solar power was such a great idea government subsidies would not be necessary for solar to be a big financial and energy success and it appears we’re becoming more right as each day passes. Someone should get the people running the US Department of Energy and  California Governor Jerry Brown out of their green comas and advise them of this.

Please don’t bring up oil company subsidies. At least they have a viable product, make a profit and pay taxes.

Source: Reuters

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Filed under California, California Green Jobs, Climate Alarmism, Climate Change, Climate Disruption, CO2, Co2 Insanity, DEPARTMENT OF ENERGY, DOE, Editor, Financial, Global Warming, Government, Green Energy, Renewable Energy, Solar, Solargate, Solyndra

Another Solar Fail

Solargenix Energy - Formerly Duke Solar Energy - The Natural Power For Good

Here’s another example of how government cronyism causes tax-payers to lose money on solar power scams. From Chicago, the home of government corruption we get this new fail. This time, for a change, it’s solar hot water heating systems made by a company called Solargenix Energy LLC.

In March 2004, then-Mayor Richard M. Daley announced a deal that promised to save taxpayer money, reduce natural gas consumption and bring “green” jobs to Chicago.

But taxpayers might see red when they learn how the deal turned out. More than seven years later, the initiative has been quietly suspended amid problems with some of the equipment — and acknowledgements by city officials that taxpayers will probably lose money on the deal and never realize the energy savings that Daley touted, the Better Government Association has learned.

So where’s the cronyism? Right here.

In the end, the BGA found that one of the few beneficiaries of the deal appears to be a businessman with close ties to Daley: United Service Cos. President and CEO Rick Simon, the former chairman of the Chicago Convention & Tourism Bureau and a South Loop neighbor of the ex-mayor.

Seems those solar panels didn’t work properly and now that they’re fixed, the cost to install them exceeds the cost of continuing to use natural gas to heat the water. Regardless of what type of solar it’s a theme that we seem to see more of such as the boondoggle solar installation in Yosemite, which may never really pay off financially.

We’ve seen government cronyism involved with Evergreen, Solyndra, Sun Power, Tonopah Star and now in Chicago. We wonder how many billions will be wasted before someone finally gets a clue that solar has a long way to go and that the government should keep their nose out of it.

If it’s so effing great, the free-market will invest! If it sucks, they won’t. A pure and simple way to save the tax-payers billions of dollars better spent elsewhere and possibly some day get solar that actually works and is cost efficient.

Source: Chicago Sun Times

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Filed under Climate Alarmism, Climate Change, Climate Disruption, Co2 Insanity, Editor, Financial, Global Warming, Government, Green Energy, Green Tech, Renewable Energy, Solar, Solargate, Solyndra

Will SunPower be the next Solyndra?

SunPower Corporation

Solyndra’s body isn’t even cold yet and look at this! The solar company in Fremont, California, that filed for Bankruptcy after receiving a $535 million loan guarantee from the Obama administration under dubious circumstances, hasn’t even been auctioned off and already it’s looking like we have another contender for a similar failure after receiving $1.2 billion in loan guarantees from the Obama administration.

Reports are now surfacing that SunPower isn’t perhaps in very stellar financial condition, either. According to the Daily Caller today……

The company, SunPower, received its $1.2 billion loan guarantee in September, immediately before the program’s deadline.

SunPower isn’t as financially sound as the public was led to believe when it secured a loan guarantee twice the size of Solyndra’s $535 million loan. Just this week — less than a month after taxpayers landed on the hook for SunPower’s $1.2 billion loan guarantee — company executives announced that they expect to lower their 2011 earnings projections.

The company also carries $820 million in debt, which is $20 million more than its market capitalization.

So why the largess from the Obama administration so soon after the Solyndra debacle? Well, as usual, let’s follow the money and connections……

Last October, President Barack Obama’s Interior Secretary Ken Salazar and California Democratic Rep. George Miller toured SunPower’s plant in California. Both touted the company. Miller said SunPower was an example for “renewable energy” production and “America’s future economic growth.”

But, Miller failed to mention how his son, George Miller IV, is SunPower’s top lobbyist in California. Miller’s son was pushing for the $1.2 billion loan guarantee taxpayers are on the hook for now.

Sounds to us like more crony socialism is afoot. It will be interesting to see what happens at SunPower over the next few months. Could it be a Solargate II, with some CO2 Insanity tossed in for good measure? Time will tell.

Source: Daily Caller

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Filed under California Green Jobs, Climate Alarmism, Climate Change, Climate Disruption, Co2 Insanity, Global Warming, Green Energy, Green Tech, Renewable Energy, Solar, Solargate, Solyndra

Solar Panel Propaganda

Solar panels, touted by many to be a renewable energy panacea that will rid the planet of all those nasty coal-fired power plants, may be a bigger boondoggle than we already thought. We’ve already complained that they do not appear in many instances to provide a return in investment.

It now appears that the time they provide energy before replacement is required is dramatically less than claimed. Thus shortening not only the life of the panels and the electricity generated, but also reducing the return on investment.

If you listen to the mostly-Chinese manufacturers, solar panels work great. They can be expected to degrade about 0.5% a year. So that is how we build the economic models to finance, insure and subsidize the larger solar systems.

In the real world, we are just starting to find out how bogus many of those predictions are. The National Renewable Energy Laboratory says that panels can degrade as much as 4.5% a year. Or more. Put that in your pro forma and see what your banker and insurance agent — or Congressman — say about that.

While we see claims that average solar panels will last 25 to 30 years, the aforementioned claim of 0.5% per year means that solar panels should last an astounding 200 years (100% ÷ 0.5%). At the realistic rate of 4.5% per year they will only last about 22 years before replacement is needed (100% ÷ 4.5%), which is not even the 25 to 30 currently claimed by many and not even remotely close to 200 years.

It gets worse folks. They don’t only degrade, it appears they also can literally fall apart and it doesn’t take very long.

In Italy last year, “they discovered that after one year in the field, over 90% of the (solar panels) from a one megawatt project began to delaminate and ended up on the ground.”

That is a lot of wasted money. 90% down the tubes after being used for only one year. No return on investment and very little ‘free’ electricity generated. All that is left is an eyesore that is a pile of toxic waste, wasted tax dollars and perhaps a tax deduction for a business loss.

We are adverse to the lies about what renewable energy costs and what it’s capabilities are. We’re also adverse to the physical and financial messes left when solar and wind-power are abandoned. We’re extremely adverse to the rush to install solar and wind-power without having full knowledge about the effects. Look at the carnage left in the previous two links to see what we’re talking about.

California seems to be leading the rush off the proverbial cliff via the implementation of AB32, California’s cap & trade law, that mandates power providers to generate 33% of their power from renewable (green) sources by a not too distant 2020.

With many large solar projects planned in California, it would seem to be a logical move to slow down and find out what our money is being spent on and what the return on investment will be as opposed to rushing in head first, only to find another government mandated, costly boondoggle. To know what happens to government mandated boondoggles one only has to look at the Solyndra and Evergreen Solar fiascos.

You can safely bet that when these solar energy plants fall apart at the seams, the taxpayers and energy consumers of California and other states will get stuck paying for the bill. It’s probably also a safe bet that the messes left at abandoned solar and wind farms will be there for decades as a reminder of what happens when the government gets involved in what should be private enterprise.

Source: AOL Energy

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Filed under AB32 California, California Air Resources Board, California Green Jobs, Cap & Trade, CARB, Climate Alarmism, Climate Change, Climate Disruption, Climate Modeling, Climategate, CO2, Co2 Insanity, Editor, Energy, Global Warming, Government, Green Energy, Green Tech, Politics, pollution, Renewable Energy, Solar, Solargate, Solyndra, Wind Power