Wednesday, April 4, 2012

This Just In: Solar Power Sucks!

Shocked face time:

(Special thanks to Grammy for her shocked face)


Man I just knew THIS ONE would make it (just like I was convinced Forsyth Community College (1-26) was going to make the NCAA tournament).

From Reuters: Solar Trust of America files bankruptcy:

Solar Trust of America LLC, which holds the development rights for the world's largest solar power project, on Monday filed for bankruptcy protection after its majority owner began insolvency proceedings in Germany.

The Oakland-based company has held rights for the 1,000-megawatt Blythe Solar Power Project in the southern California desert, which last April w on a conditional commitment for a $2.1 billion loan guarantee from the U.S. Department of Energy.

Golly, Solydra looks like a deal compared to this one. At least at Solydra taxpayers were only out $500 million or so. To be fair the loan guarantee was never received but it was close!

Exit question: How does Secretary Chu still have a job?


  1. It would seem that the bright, present promises of cheap solar power cannot stand the light of day...

    Delicious irony.

    1. Oh well said Chris well said.. wish I'd of thought of it!

  2. Thanks a lot Derek Alexander very nice posting.Solar energy is the energy received by the earth from the energy in Nigeria. This energy is in the form of solar radiation, which makes the production of solar electricity possible.


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