Solyndra 2.0?

Started by Solar, December 11, 2021, 02:55:06 PM

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Solar

Here we go again... :sneaky:

A solar energy company owned by a Biden megadonor received a $500 million government loan to build a manufacturing facility in India, the Biden administration announced this week, raising questions about whether the company's political clout played any role in the financing decision.

The U.S. International Development Finance Corporation granted the loan to First Solar, which is owned by billionaire Walmart heir Lukas Walton, to build a solar module plant in India. Walton contributed over $300,000 to President Joe Biden's campaign last year, and over $100,000 to the Democratic National Committee, according to campaign finance records.

The loan to First Solar is the "largest single debt financing transaction" issued by the DFC, the agency announced this week. The DFC said the investment in the India project will "promote DFC's commitment to diversifying supply chains," following demands from lawmakers that the agency avoid funding any solar projects connected to forced labor in China.

https://freebeacon.com/biden-administration/biden-megadonor-scores-500-million-federal-loan-for-solar-company/
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Possum

Quote from: Solar on December 11, 2021, 02:55:06 PMHere we go again... :sneaky:

A solar energy company owned by a Biden megadonor received a $500 million government loan to build a manufacturing facility in India, the Biden administration announced this week, raising questions about whether the company's political clout played any role in the financing decision.

The U.S. International Development Finance Corporation granted the loan to First Solar, which is owned by billionaire Walmart heir Lukas Walton, to build a solar module plant in India. Walton contributed over $300,000 to President Joe Biden's campaign last year, and over $100,000 to the Democratic National Committee, according to campaign finance records.

The loan to First Solar is the "largest single debt financing transaction" issued by the DFC, the agency announced this week. The DFC said the investment in the India project will "promote DFC's commitment to diversifying supply chains," following demands from lawmakers that the agency avoid funding any solar projects connected to forced labor in China.

https://freebeacon.com/biden-administration/biden-megadonor-scores-500-million-federal-loan-for-solar-company/
Wonder what the governments definition of "loan" is?

Rick

Why are we building factories in India?
I dream of the day a chicken can cross the road with out it's motives being questioned.

Solar

Quote from: Possum on December 11, 2021, 03:26:40 PMWonder what the governments definition of "loan" is?
Loan = Payoff. These people are pure scum! :glare:
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Solar

Quote from: Rick on December 11, 2021, 03:37:31 PMWhy are we building factories in India?
EXACTLY!!!!
Diversity my ass. That was the claim.
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Bronx

Now you know why the likes of Trump had to go at all cost.
People sleep peacefully at night because there are a few tough men prepared to do violence on their behalf.

A foolish man complains about his torn pockets.

A wise man uses it to scratch his balls.