Reading the writing on the wall - Solar Power
With all the failed alt-energy companies out there ($535 million of our tax dollars to Solyndra anyone?) the market is being shaken out.
One surprise is General Electric whose CEO is best-buds with Obama and who has not paid federal income tax in over a decade.
From
Yahoo/Associated Press:
GE scraps nation's largest solar panel plant
General Electric Co. is permanently scrapping plans to build the largest solar factory in the U.S. near Denver.
GE blamed the cancellation on a glut of solar panels on the market and falling prices, The Denver Post reported Tuesday.
The factory was to have been bigger than 11 football fields and have an annual capacity of 400 megawatts. State officials said it would create 350 jobs.
A bit more:
At least 10 states were vying for the PrimeStar plant in 2011. GE said it would go to Aurora that fall, and company executives attended the next year's State of the State address by Gov. John Hickenlooper, who personally cited the plant in his speech.
Politics as usual. Hickenlooper probably promised some cushy tax break and subsidy to get the plant. Now? No rewards at all. Good -- the guy is a bad governor.
Posted by DaveH at August 12, 2013 5:01 PM