California Solar Deal Hits a Snag

Will bureaucrats in “clean energy”-loving California and the Obama Energy Dept. derail a $1.36 billion solar project?

The Wall Street Journal reports:

A $1.36 billion government-backed deal for a Southern California solar farm has hit a snag and could be days from unraveling, all due to a local construction permit.

First Solar Inc., one of the world’s largest solar-panel manufacturers, warned Thursday that it might have to buy back the 230-megawatt plant it sold to Exelon Corp. if the Department of Energy doesn’t begin funding a loan made to finance the deal later this month.

The project has yet to receive any payments from a $646 million federal-government loan finalized in September because of an issue with a construction permit that First Solar obtained from Los Angeles County.

The offices of the Los Angeles County Regional Department of Planning, which issued the permit for the solar farm, were closed Friday and telephone calls were not returned…

Read the entire report.

2 thoughts on “California Solar Deal Hits a Snag”

  1. THIS SOLAR WELFARE IS NOT WORKING, ITS KILLING OUR ECONOMYA AND REAL JOBS AND NOT DOING ANYTHING FOR OUR ECONOMY.EXCEPT OUR WALLETS WHICH IS EMPTY..
    GREEN IS GOOD, MONEY IS GOOD IN THE RIGHT HANDS OF FREE MARKETS

  2. I read the report. It’s all financial. It would seem that every solar project out there relies on about 50% government funding.

Leave a Reply

Your email address will not be published.