News Article

Stimulus-Backed Solar Facility Touted By Harry Reid Shuts Down

Via blog.heritage.org » Submitted On Thu, 07/19/2012 - 6:03pm by Norman Wolfe

A federally-funded solar production facility in Nevada has ceased operations, according to a former employee at the facility. The closure could prove troublesome for the company's political allies. The Las Vegas Review-Journal reports that the North Las Vegas production facility for solar panel manufacturer Amonix has not operated since May.

In May of 2010, Reid attended a groundbreaking ceremony for the facility. “Amonix is taking full advantage of a tax credit from the Recovery Act and is helping Nevada lead the way in producing clean energy,” Reid said at the time. “I’ve pushed hard to establish a clean energy industry in Nevada that will diversify our economy and protect us from future economic downturns.”

Amonix would be the second Nevada-based – and Reid-backed – green energy project to hit dire financial straits in recent weeks. Nevada Geothermal, which received a $98 million stimulus loan guarantee, announced in a recent SEC filing that “material uncertainties exist which cast significant doubt upon the company’s ability to continue as a going concern.”

Comments

Just look at how long they last will tell you that it isn't a paying adventure. Most of them are in business less than two years. Just long enough to go through the government money and probably don't worry about it until the money gets low or gone.

2 years 4 months ago

Anytime someone tries to pick a winner, they are taking a gamble, no other way to put it and when government gambles, they are gambling our money and freedoms, simple as that.

2 years 4 months ago

Just like in real life, a gambler that uses other people's money won't care if the bets are good or bad.

2 years 4 months ago
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