More green corruption – just another coincidence?
09/29/2011 4 Comments
Just when you thought it could not get worse with Solyndra fading in the news, we learn about more green corruption. This week we watch the Department of Energy granting more green loan guarantees before the money expires.
DOE announced a $737 million loan guarantee to help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve.
The Energy Department said the project will result in 600 construction jobs and 45 permanent jobs.
But, 45 permanent jobs at 16 million each, is not the most interesting part, it is who benefits from this $737 million loan guarantee.
As both Gateway Pundit and American Glob discover, one of SolarReserve’s “investment partners” is Pacific Corporate Group, through its Clean Energy and Technology Fund. And PCG’s executive director is Ron Pelosi — brother of Nancy Pelosi’s husband. Suddenly, this deal makes a lot more sense than spending $737 million for forty-five jobs.
Was this just a coincidence … in the same way that the Obama administration to approve a loan to a failing Solyndra backed by one of his big campaign bundlers was just a coincidence? Your thoughts?
H/T to Hot Air