Another solar bust for Obama

Flush another $20 million down the toilet. A North Las Vegas solar company has gone belly up after receiving $6 million in tax credits and another $15 million in grants from the DoE. Man, these guys can sure pick 'em, can't they? Las Vegas Review-Journal: Officials at Amonix headquarters in Seal Beach, Calif., have not responded to repeated calls for comment this week, but the company began selling equipment, from automated tooling systems to robotic welding cells, in an online auction Wednesday. A designer and manufacturer of concentrated photovoltaic solar power systems, Amonix received $6 million in federal tax credits for the North Las Vegas plant and a $15.6 million grant from the U.S. Department of Energy in 2007 for research and development. Rene Kenerly, a former material and supply manager at Amonix, said the plant has been idle since May 1, when he was laid off. At its peak, the plant had about 700 employees working three shifts a day to produce solar panels for a...(Read Full Post)

COMMENTS ON AMERICANTHINKER

RECENT VIDEOS