Failed Green Companies

Post Date 2012-10-27 | Author administrator |

Green Poverty

 

The Heritage Foundation has produced a list of failed attempts by the Obama administration to choose winners and losers in the "Green Economy."  Readers of Save The Country know that the "Green Economy" is really about "Green Poverty" and will bankrupt this nation.

 

 

Below is the complete list of faltering or bankrupt green-energy companies:

(* Indicates the companies that have filed for bankruptcy)

 

The complete list of faltering or bankrupt green-energy companies:

1. Evergreen Solar ($25 million)*

2. SpectraWatt ($500,000)*

3. Solyndra ($535 million)*

4. Beacon Power ($43 million)*

5. Nevada Geothermal ($98.5 million)

6. SunPower ($1.2 billion)

7. First Solar ($1.46 billion)

8. Babcock and Brown ($178 million)

9. EnerDel’s subsidiary Ener1 ($118.5 million)*

10. Amonix ($5.9 million)

11. Fisker Automotive ($529 million)

12. Abound Solar ($400 million)*

13. A123 Systems ($279 million)*

14. Willard and Kelsey Solar Group ($700,981)*

15. Johnson Controls ($299 million)

16. Brightsource ($1.6 billion)

17. ECOtality ($126.2 million)

18. Raser Technologies ($33 million)*

19. Energy Conversion Devices ($13.3 million)*

20. Mountain Plaza, Inc. ($2 million)*

21. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*

22. Range Fuels ($80 million)*

23. Thompson River Power ($6.5 million)*

24. Stirling Energy Systems ($7 million)*

25. Azure Dynamics ($5.4 million)*

26. GreenVolts ($500,000)

27. Vestas ($50 million)

28. LG Chem’s subsidiary Compact Power ($151 million)

29. Nordic Windpower ($16 million)*

30. Navistar ($39 million)

31. Satcon ($3 million)*

32. Konarka Technologies Inc. ($20 million)*

33. Mascoma Corp. ($100 million)

*Denotes companies that have filed for bankruptcy.

 

Read more: http://blog.heritage.org/2012/10/18/president-obamas-taxpayer-backed-green-energy-failures/

 

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