another green project goes bankrupt
- Thread starter tinfoil
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:lol:
You must not be up on the latest financial news from Spain....
http://www.reuters.com/article/2012/04/03/us-spain-budget-idUSBRE8320LG20120403
[h=1]Spain heading for highest debt level in 22 years[/h]
(Reuters) - Spain's public debt will jump to its highest level since at least 1990 this year as the economy sinks into recession, the government said in its budget on Tuesday, worrying investors who sold Spanish bonds.
Spain is under intense pressure from the European Union and investors to drastically cut its deficit and prove it will be able to repay its debt without asking for outside help.
Analysts say it will struggle to meet this year's deficit target despite new budget cuts. Investors are worried the euro zone's debt problems are returning, sending the premium they demand to hold Spanish and Italian bonds higher on Tuesday.
I would like to see an aerial view of that facility. How sprawling is it. I find that sort of thing fascinating.
Doesn't sound much different from here.
You must love government funding of failing companies. You are so fucking stupid you don't even understand the issue. The green banner gets wrapped around dogshit and idiots like you will make a crack about big oil when someone talks about the dogshit. You are an idiot. STFU about big oil because it has ZERO to do with this post and this issue. the only reason green is the latest buzzword is because of the propaganda efforts of a lot of rich people are in on the scam to get government backed loans/investments for companies they will fail. They get to spend the company into the ground buying their own services and products from self-owned companies, reaping the profits from the sales and then when they're done, they bankupt the company and collect the government protection for their investments in the company. Meanwhile the Eric Holders in the government look the other way.
Fuck you, you idiot. You're too stupid. Just keep on being a warmer for all I care. I don't give a shit what you dumbshits think
Dude, after you come down rewrite your response. How many did you take?
Big oil has nothing to do with green energy loans fron the DOE. Try to keep up, retard
Green is now, Onceler. It get's bigger and better in the future.
in the mean time china is beating us out on green funding and undercutting our green projects with illegal domestic subsidies
Cancel 2018. 3
<-- sched 2, MJ sched 1
i fail to see what big oil has to do with green energy companies failing...
not all green energy is viable, so harping on big oil is a non-sequitur....
not all green energy is viable, so harping on big oil is a non-sequitur....
Billy the Great Khan
Uwaa OmO
Nuclear power is best power.
I live very close to I-55 in Mississippi. I bet you I've seen more than 5,000 chinese wind turbine blades heading north through here. Sickening repuke interference and disbelief in such a wonderful and necessary technology are responsible for this lagging behind here. We better catch up before it's too late to do so.
china is very good at stealing or subsidizing or both technology to further their own ends and we just ignore it and let them
Here is where we disagree, Don. American wind turbine blades are better and cheaper than the chinese ones. We just can't make them fast enough and the chinese have tooled up far faster than ever imagined and are shipping their blades now worldwide. The chinese are simply exploiting a market Americans chose to have ignored decades ago. Wind turbines are not new in the power industries, my friend.
the chinese government is definitely ahead of us where green energy is concerned
obama has been trying to get our green technology going but congress, i.e., the gop, is reluctant to act
Not just Obama, Don. I and many other energy nerds have been keeping up this fight since 1972 (for me). Surprisingly, Dick Nixon was as cooperative and forward thinking as anyone in this regard. It wasn't until the administration of SupeRRR that the green economics got dirtied up on a very large scale.
:lol:
http://www.chron.com/business/steff...ame-China-for-Obama-s-solar-folly-3448990.php
Don't blame China for Obama's solar folly
The U.S. Commerce Department recently announced import tariffs on Chinese solar panels after declaring that Beijing illegally subsidized manufacturing.
It's no coincidence that the tariffs come after the Chinese stole dominance of the solar industry from the U.S.
China, it seems, did that in part by grabbing market share with the help of government-subsidized manufacturing. If that sounds familiar, it should. The U.S. has done much the same thing, only with far less profitable results.
Back in 2005, President George W. Bush enacted a solar investment tax credit to encourage consumers and businesses to embrace solar power. The credit has been renewed twice since then, including last year by the Obama administration.
Ironically, Chinese manufacturers were a big, if unintended, benefactor. Solar panel imports from China rose to almost $2.7 billion last year from $21 million in 2005.
As the market grew, prices for solar technology fell, benefiting not just consumers and businesses, but also U.S. companies that import Chinese panels and customize them. As many as 50 percent of the imported panels are used or installed by U.S. businesses. The tariffs may drive up the cost for Americans to switch to solar power, undermining the entire purpose of our solar subsidies.
Meanwhile, the Obama administration, as part of the economic stimulus, announced a loan guarantee program for U.S. companies that were developing new, and more expensive, technology.
So the tax credits drove demand for solar technology, even as the loan guarantees were encouraging companies to develop pricier products.
The result? Demand for the cheap panels from China soared, while buyers spurned the more expensive U.S.-made equipment.
In other words, China placed its bet on a product for which there was actual demand, while U.S. companies tried to up-sell customers on technology they didn't want.
Number of jobs created
As I wrote last year, the loan program was ill-conceived from the beginning. Born of the stimulus, its success was measured not in funding basic research, but by how many jobs it created.
It has paid out more than $8 billion to companies so far, but a recent report by the Department of Energy found that about a third of the recipients were on a "watch list" for violating the terms of the loans or other concerns, including financial viability, the Wall Street Journal reported.
The most famous of the program's recipients, of course, was Solyndra, which filed for bankruptcy last year after receiving more than $500 million in loan guarantees.
The Solyndra debacle is a reminder of the folly that fuels the administration's solar strategy. The government ignored the market conditions it helped create - conditions that kept Solyndra from competing and that private investors had already backed away from - blinded by the allure of jobs it might create.
Looking to renewable energy as a major job creator was wishful thinking. The industry is simply too small. Even gains that sound statistically large - 200 percent, 300 percent - don't represent that many jobs.
According to the Bureau of Labor Statistics, 3.1 million people worked in what could broadly be called green jobs in 2010. That's 2.4 percent of total employment nationwide for the same year, the bureau said. Its definition of green jobs, by the way, includes conservation, making weather stripping and collecting trash. The garbage man has gone green.
Getting smarter
Solar remains a promising and important technology. If the U.S. is going to diversify its energy dependence, it needs to develop sustainable solar power. But it won't happen if we don't get smarter about how we fund the transition.
We need policies that encourage solar use while encouraging a viable market in which U.S. companies can compete.
We can't trade long-term technological advancements for short-term job gains, and slapping import tariffs on Chinese panels won't hide the flameout of the administration's solar strategy.