Will President Barack Obama Ever Learn … Obama Administration Announces More Solar Energy Projects After So Many Solyndra’s Have Failed

The Obama-Alinsky doubling down on solar energy …

It’s called beating a dead horse, but not when it comes to President Barack Obama and solar energy backed government projects.  For Obama it is called a failed green energy agenda. The Obama administration has announced more solar energy projects, even after so many have miserable failed like Solyndra et al. Check out the long, ever growing list HERE of the failed Obama green energy companies that were nothing more than a money grab of Obama donors.

The Obama administration will open public lands in six Western states to more solar projects as part of a solar energy road map it publicized Tuesday.

The Interior Department set aside 285,000 acres in Arizona, California, Colorado, Nevada, New Mexico and Utah for the initiative. Firms can apply for waivers to develop projects on an additional 19 million acres.

Calling the announcement a “proud moment,” Interior Secretary Ken Salazar told reporters in a conference call Tuesday that it reaffirms Obama’s commitment to solar power. He noted public lands hosted no solar projects when Obama took office.

The administration has since approved 17 major solar projects on public lands producing about 6,000 megawatts of power, Salazar said.

I guess this is what Obama is talking about when he says. “You didn’t build that business”. However, he didn’t help build these businesses either, he helped destroy them. Imagine, just imagine if the Obama government actually allowed such land to be used for gas, oil exploration?

Abound Solar Inc, Another DOE Company Awarded a $400 Million US Loan Guarantee Ceases Operations & Files Bankruptcy

Green energy solar company bankruptcies abound …

Add Abound Solar Inc, a Colorado based company, to the long list of so-called “green” company that made solar panels and had received Department of Energy loans has ceased operations and is filing bankruptcy. As President Barack Obama criticizes Mitt Romney for his work with Bain Capital, one might also want to ask Obama about his job creation skills with “belly up” companies like Abound Solar.

Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will suspend operations and file for bankruptcy because its panels were too expensive to compete.

Abound borrowed about $70 million against the guarantee, the Loveland, Colorado-based company said today in a statement. It plans to file for bankruptcy protection in Wilmington, Delaware, next week.

The failure will follow that of Solyndra LLC, which shut down in August after receiving a $535 million loan guarantee from the same U.S. Energy Department program. Abound stopped production in February to focus on reducing costs after a global oversupply and increasing competition from China drove down the price of solar panels by half last year.

Great point made by the American Thinker with regards to these failed American solar panel companies.

I really wish these companies – and the government – would stop blaming China for their failures. China may be subsidizing their solar companies but in case you didn’t notice, so are we. The fact that we gave this loan guarantee to a sure fire loser of a company keeps proving the point about this idiotic energy department program; trying to pick winners in the alternative energy business is too risky for taxpayers to foot the bill if the bureaucrats are wrong.

Just more wasted tax payer money down the Obama “green” rabbit hole.