The Green Jobs Debacle: ‘Dept of Labor’s IG found that a $500 million program for training people with so-called green skills has so far produced only 1,336 jobs that have lasted over 6 months’
...amounts to $121,856 per successful green trainee.' -- 'SunPower, after receiving $1.5 billion from DOE, is reorganizing, cutting jobs...First Solar, after receiving $1.46 billion from DOE, is reorganizing, cutting jobs...Solyndra, after receiving $535 million from DOE, filed for bankruptcy protection'
– Ener1, after receiving $118.5 million from DOE, filed for bankruptcy protection
– Evergreen Solar, after receiving millions of dollars from the state of Massachusetts, filed for bankruptcy protection
– SpectraWatt, backed by Intel and Goldman Sachs, filed for bankruptcy protection’
– Beacon Power, after receiving $43 million from DOE, filed for bankruptcy protection
– Abound Solar, after receiving $400 million from DOE, filed for bankruptcy protection.
– Amonix, after receiving $5.9 million from DOE, filed for bankruptcy protection.
– Babcock & Brown (an Australian company), after receiving $178 million from DOE, filed for bankruptcy protection.
– A123 Systems, after receiving $279 million from DOE, shipped some bad batteries and is barely operating. It cut jobs.
– Solar Trust for America, after receiving a $2.1-billion loan guarantee from DOE, filed for bankruptcy protection.
– Nevada Geothermal, after receiving $98.5 million from DOE, warns of potential defaults in new SEC filings.
More here.
