Updated List Of Obama's Green Energy Failures.. 36 Of Them

By Susan Duclos

Heritage has updated the list of Obama’s taxpayer funded green energy failures. The list has now hit 36.

Via The Foundry:

So far, 36 companies that have received federal support from
taxpayers have either gone bankrupt or are laying off workers and are
heading for bankruptcy. This list includes only those companies that
received federal money from the Obama Administration’s Department of
Energy. The amount of money indicated does not reflect how much was
actually received or spent but how much was offered. The amount also
does not include other state, local, and federal tax credits and
subsidies, which push the amount of money these companies have received
from taxpayers even higher.

The complete list of faltering or bankrupt green-energy companies:

1. Evergreen Solar ($24 million)*
2. SpectraWatt ($500,000)*
3. Solyndra ($535 million)*
4. Beacon Power ($69 million)*
5. AES’s subsidiary Eastern Energy ($17.1 million)
6. Nevada Geothermal ($98.5 million)
7. SunPower ($1.5 billion)
8. First Solar ($1.46 billion)
9. Babcock and Brown ($178 million)
10. EnerDel’s subsidiary Ener1 ($118.5 million)*
11. Amonix ($5.9 million)
12. National Renewable Energy Lab ($200 million)
13. Fisker Automotive ($528 million)
14. Abound Solar ($374 million)*
15. A123 Systems ($279 million)*
16. Willard and Kelsey Solar Group ($6 million)
17. Johnson Controls ($299 million)
18. Schneider Electric ($86 million)
19. Brightsource ($1.6 billion)
20. ECOtality ($126.2 million)
21. Raser Technologies ($33 million)*
22. Energy Conversion Devices ($13.3 million)*
23. Mountain Plaza, Inc. ($2 million)*
24. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
25. Range Fuels ($80 million)*
26. Thompson River Power ($6.4 million)*
27. Stirling Energy Systems ($7 million)*
28. LSP Energy ($2.1 billion)*
29. UniSolar ($100 million)*
30. Azure Dynamics ($120 million)*
31. GreenVolts ($500,000)
32. Vestas ($50 million)
33. LG Chem’s subsidiary Compact Power ($150 million)
34. Nordic Windpower ($16 million)*
35. Navistar ($10 million)
36. Satcon ($3 million)*

*Denotes companies that have filed for bankruptcy.

The problem begins with the issue of government picking winners and
losers in the first place. Venture capitalist firms exist for this very
reason, and they choose what to invest in by looking at companies’
business models and deciding if they are worthy. When the government
plays venture capitalist, it tends to reward companies that are
connected to the policymakers themselves or because it sounds nice to
“invest” in green energy.

Obama’s gambling problem has cost taxpayers billions upon billions of dollars.

Side note, remember those 5 million green jobs Obama promised?  FAIL.