Despite Solyndra "Scandal", DOE loans turn HUGE PROFITS!!

[hazlnut]

Solyndra Scandal-Mongering Hasn't Stopped The Energy Dept's Loan Program From Turning A Profit

Fox News, balls in your court. Try to spin $810 million as a negative. What am I saying? This story will never hit the Faux News airways.

The U.S Department of Energy's (DOE) renewable energy loan guarantee program is turning a profit after weathering years of media attacks and misinformation that attempted to paint the now defunct solar energy firm Solyndra as representative of the program's failure. Media outlets from The Washington Post to CBS News spent years profiling Solyndra, wrongly suggesting its demise was illustrative of widespread waste, fraud, failure, and political corruption among DOE loan guarantee recipients -- but will the program's latest successes receive a comparable platform?

On November 13, NPR reported that the DOE loan program, designed to "accelerate the domestic commercial deployment of innovative and advanced clean energy technologies," is now turning a profit exceeding $30 million after collecting $810 million in interest payments. NPR noted that the program was never intended to make money, making the development all the more remarkable:

 

[Listening]

What's to say different.

These systems are crapp and unless we get to see the actual accounting...it's a bad idea.

BTW: We got back 30 million on 30 Billion in investments ? What is the IRR on that ? 0.000000XX ?

 

[The Rabbi]

Nutter lies again.
They made $30M on 34.2B in "investments." That's pitiful. Imagine what private investors with that money and no political agenda could do.

 

[Siete]

Exclusive Controversial U.S. energy loan program has wiped out losses Reuters


listening, listening?

n" abp="450">(Reuters) - The controversial government program that funded failed solar company Solyndra, and became a lighting rod in the 2012 presidential election, is officially in the black.
According to a report by the Department of Energy, interest payments to the government from projects funded by the Loan Programs Office were $810 million as of September - higher than the $780 million in losses from loans it sustained from startups including Fisker Automotive, Abound Solar and Solyndra, which went bankrupt after receiving large government loans intended to help them bring their advanced green technologies to market.

Solyndra and 2 other failed loans have been paid back.

The End.

 

[Listening]

Exclusive Controversial U.S. energy loan program has wiped out losses Reuters


listening, listening?

n" abp="450">(Reuters) - The controversial government program that funded failed solar company Solyndra, and became a lighting rod in the 2012 presidential election, is officially in the black.
According to a report by the Department of Energy, interest payments to the government from projects funded by the Loan Programs Office were $810 million as of September - higher than the $780 million in losses from loans it sustained from startups including Fisker Automotive, Abound Solar and Solyndra, which went bankrupt after receiving large government loans intended to help them bring their advanced green technologies to market.

Solyndra and 2 other failed loans have been paid back.

The End.

So what kind of IRR is that ? Do tell.

 

[g5000]

Exclusive Controversial U.S. energy loan program has wiped out losses Reuters


listening, listening?

n" abp="450">(Reuters) - The controversial government program that funded failed solar company Solyndra, and became a lighting rod in the 2012 presidential election, is officially in the black.
According to a report by the Department of Energy, interest payments to the government from projects funded by the Loan Programs Office were $810 million as of September - higher than the $780 million in losses from loans it sustained from startups including Fisker Automotive, Abound Solar and Solyndra, which went bankrupt after receiving large government loans intended to help them bring their advanced green technologies to market.

Solyndra and 2 other failed loans have been paid back.

The End.

So what kind of IRR is that ? Do tell.

Probably better than a T-bill.

 

[Kosh]

Exclusive Controversial U.S. energy loan program has wiped out losses Reuters


listening, listening?

n" abp="450">(Reuters) - The controversial government program that funded failed solar company Solyndra, and became a lighting rod in the 2012 presidential election, is officially in the black.
According to a report by the Department of Energy, interest payments to the government from projects funded by the Loan Programs Office were $810 million as of September - higher than the $780 million in losses from loans it sustained from startups including Fisker Automotive, Abound Solar and Solyndra, which went bankrupt after receiving large government loans intended to help them bring their advanced green technologies to market.

Solyndra and 2 other failed loans have been paid back.

The End.

So what kind of IRR is that ? Do tell.

Probably better than a T-bill.

It is funny to watch the far left believe any and everything from a Soros funded site that is known to be far left..

 

[Siete]

Exclusive Controversial U.S. energy loan program has wiped out losses Reuters


listening, listening?

n" abp="450">(Reuters) - The controversial government program that funded failed solar company Solyndra, and became a lighting rod in the 2012 presidential election, is officially in the black.
According to a report by the Department of Energy, interest payments to the government from projects funded by the Loan Programs Office were $810 million as of September - higher than the $780 million in losses from loans it sustained from startups including Fisker Automotive, Abound Solar and Solyndra, which went bankrupt after receiving large government loans intended to help them bring their advanced green technologies to market.

Solyndra and 2 other failed loans have been paid back.

The End.

So what kind of IRR is that ? Do tell.

Probably better than a T-bill.

It is funny to watch the far left believe any and everything from a Soros funded site that is known to be far left..

even funnier watching you try and discredit everything that proves RW's are idiots

 

[Kosh]

Exclusive Controversial U.S. energy loan program has wiped out losses Reuters


listening, listening?

n" abp="450">(Reuters) - The controversial government program that funded failed solar company Solyndra, and became a lighting rod in the 2012 presidential election, is officially in the black.
According to a report by the Department of Energy, interest payments to the government from projects funded by the Loan Programs Office were $810 million as of September - higher than the $780 million in losses from loans it sustained from startups including Fisker Automotive, Abound Solar and Solyndra, which went bankrupt after receiving large government loans intended to help them bring their advanced green technologies to market.

Solyndra and 2 other failed loans have been paid back.

The End.

So what kind of IRR is that ? Do tell.

Probably better than a T-bill.

It is funny to watch the far left believe any and everything from a Soros funded site that is known to be far left..

even funnier watching you try and discredit everything that proves RW's are idiots

Says the programmed far left drone that believes anyone that is not far left as a right winger..

More irony impaired posting from the far left drones..

So if you have real information backing up the racist far left OP, then post it..

 

[konradv]

Nutter lies again.
They made $30M on 34.2B in "investments." That's pitiful. Imagine what private investors with that money and no political agenda could do.

Would they have made the loans in the first place? You can't get something from nothing.

 

[konradv]

Says the programmed far left drone that believes anyone that is not far left as a right winger..

More irony impaired posting from the far left drones..

So if you have real information backing up the racist far left OP, then post it..

Step aside "far-left" and "drone". "Irony" is now #1 on the hit parade!

 

[Kosh]

Says the programmed far left drone that believes anyone that is not far left as a right winger..

More irony impaired posting from the far left drones..

So if you have real information backing up the racist far left OP, then post it..

Step aside "far-left" and "drone". "Irony" is now #1 on the hit parade!

And another far left drone with their irony laced post continues to prove my comments!

 

[konradv]

Says the programmed far left drone that believes anyone that is not far left as a right winger..

More irony impaired posting from the far left drones..

So if you have real information backing up the racist far left OP, then post it..

Step aside "far-left" and "drone". "Irony" is now #1 on the hit parade!

And another far left drone with their irony laced post continues to prove my comments!

QED

 

[Kosh]

Says the programmed far left drone that believes anyone that is not far left as a right winger..

More irony impaired posting from the far left drones..

So if you have real information backing up the racist far left OP, then post it..

Step aside "far-left" and "drone". "Irony" is now #1 on the hit parade!

And another far left drone with their irony laced post continues to prove my comments!

QED

So yes we know you support the far left racist OP and their far left propaganda!

 

[konradv]

Says the programmed far left drone that believes anyone that is not far left as a right winger..

More irony impaired posting from the far left drones..

So if you have real information backing up the racist far left OP, then post it..

Step aside "far-left" and "drone". "Irony" is now #1 on the hit parade!

And another far left drone with their irony laced post continues to prove my comments!

QED

So yes we know you support the far left racist OP and their far left propaganda!

Now you're just being boring. ***YAWN***

 

[Kosh]

Says the programmed far left drone that believes anyone that is not far left as a right winger..

More irony impaired posting from the far left drones..

So if you have real information backing up the racist far left OP, then post it..

Step aside "far-left" and "drone". "Irony" is now #1 on the hit parade!

And another far left drone with their irony laced post continues to prove my comments!

QED

So yes we know you support the far left racist OP and their far left propaganda!

Now you're just being boring. ***YAWN***

Another far left irony impaired post!

What's the matter scared to call out your far left buddy there?

 

[konradv]

Step aside "far-left" and "drone". "Irony" is now #1 on the hit parade!

And another far left drone with their irony laced post continues to prove my comments!

QED

So yes we know you support the far left racist OP and their far left propaganda!

Now you're just being boring. ***YAWN***

Another far left irony impaired post!

What's the matter scared to call out your far left buddy there?

It's just me and you in this exchange. Do you always see things that aren't there?!?!

 

[Kosh]

And another far left drone with their irony laced post continues to prove my comments!

QED

So yes we know you support the far left racist OP and their far left propaganda!

Now you're just being boring. ***YAWN***

Another far left irony impaired post!

What's the matter scared to call out your far left buddy there?

It's just me and you in this exchange. Do you always see things that aren't there?!?!

So yes you approve of the far left racist OP and their far left blog site that is not connected to reality..

And yes there are many posters posting on this board, can you not seem them? or does the far left software make you blind to your own?

 

[Cross]

Exclusive Controversial U.S. energy loan program has wiped out losses Reuters


listening, listening?

n" abp="450">(Reuters) - The controversial government program that funded failed solar company Solyndra, and became a lighting rod in the 2012 presidential election, is officially in the black.
According to a report by the Department of Energy, interest payments to the government from projects funded by the Loan Programs Office were $810 million as of September - higher than the $780 million in losses from loans it sustained from startups including Fisker Automotive, Abound Solar and Solyndra, which went bankrupt after receiving large government loans intended to help them bring their advanced green technologies to market.

Solyndra and 2 other failed loans have been paid back.

The End.

Not so fast....lol

World's largest solar plant applying for federal grant to pay off federal loan

After already receiving a controversial $1.6 billion construction loan from U.S. taxpayers, the wealthy investors of a California solar power plant now want a $539 million federal grant to pay off their federal loan.

 

[whitehall]

You gotta laugh at the use of the word "huge". The DOE loaned out 34.2 billion. High profile loans defaulted around 500 million. I briefly surfed the claim of the DOE being in the black with interest payments but there is absolutely no details. Apparently it's wishful thinking by government hired economic voodoo experts.