solar farm; stock image
A green energy business that got countless dollars from the Biden Regime is stopping working.
Shares of SunPower, a California-based domestic solar business, plunged on Monday as the business alerted it might not endure.
” Shares of SunPower Corporation (SPWR) are tipping over 35% Monday early morning after a current regulative filing revealed the business felt there was “significant doubts” about whether it might continue to run. In addition, the business breached an essential term in a credit contract that might trigger loan providers to remember specific loans.” Yahoo Finance reported
SunPower got countless dollars from the Biden Regime over the previous year.
” Last summer season the Department of Energy (DOE) offered it a $ 6.7 million grant and previously this year it got a $ 1.4 million agreement from the National Aeronautics and Space Administration (NASA). Today SunPower shares are down dramatically following a Securities and Exchange Commission (SEC) filing caution of “considerable doubt” about its capability to continue running.” Judicial Watch reported
Recall that SunPower gotten taxpayer cash throughout the Obama years.
Obama invested a minimum of $39 billion a year on his green energy tasks, according to the Institute for Energy Research
At least 36 of Obama’s taxpayer-funded green energy tasks failed– Solyndra being the greatest green fraud of all.
FOX Nation reported in 2015:
The total list of failing or insolvent green-energy business:
Evergreen Solar ($25 million) *
SpectraWatt ($500,000) *
Solyndra ($535 million) *
Beacon Power ($43 million) *
Nevada Geothermal ($985 million)
SunPower ($ 1.2 billion)
First Solar ($ 1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($1185 million) *
Amonix ($ 5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million) *
A123 Systems ($279 million) *
Willard and Kelsey Solar Group ($700,981) *
Johnson Controls ($299 million)
Schneider Electric ($86 million)
Brightsource ($ 1.6 billion)
ECOtality ($1262 million)
Raser Technologies ($33 million) *
Energy Conversion Devices ($133 million) *
Mountain Plaza, Inc. ($ 2 million) *
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million) *
Range Fuels ($80 million) *
Thompson River Power ($ 6.5 million) *
Stirling Energy Systems ($ 7 million) *
Azure Dynamics ($ 5.4 million) *
GreenVolts ($500,000)
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($151 million)
Nordic Windpower ($16 million) *
Navistar ($39 million)
Satcon ($ 3 million) *
Konarka Technologies Inc. ($20 million) *
Mascoma Corp. ($100 million)
The post California-Based Green Energy Company That Received Millions From Biden Regime Failing appeared initially on The Gateway Pundit
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