Friday, May 29, 2015

Solar Industry Gets More Money : DOE Funding More Failure?

Here again, are we to believe the officials that brought us the complete failure of the solar program that was trotted out as a success but actual figures showed 23 out of the 26 funded projects failed? Now are they spending even more taxpayer dollars to fund more failure.

As before, I wonder who is in control of he money and just how much will find it way back into the coffers of the democrats. It was just a money laundering system before where democrat bundler operatives controlled the money, so why should we believe it will be any different this time?

Obama Injects the Solar Industry with $32 Million
Source: David Henry, "Obama Administration Pumps $32M Into Solar Industry," The Hill, May 26, 2015.

May 28, 2015

The Department of Energy (DOE) announced a $32 million funding program to support jobs and research in the solar energy sector on Tuesday.
Of that funding:
  • Some $12 million will go toward projects to train solar technicians and provide information about solar power to "other professionals in related fields such as real estate, insurance, finance and fire and safety." The funding will go toward the Obama administration's goal of training 75,000 new solar workers by 2020.
  • The department will also spend $15 million on projects to develop new concentrating solar power (CSP) collectors, which are the most costly component of a solar power system. At least seven projects will split the funding and research ways to bring down those costs in the future. 
  • The rest of the funding will go toward at least three projects to collect and share data on the solar industry, such as power production and financial information.
The DOE said the approach will help increase "transparency and fair pricing" in the market.
The funding comes from an Energy Department program called the SunShot Initiative, which is designed to boost solar power in the United States. The program has funded more than 350 projects in the last four years.
 

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