Thursday, June 27, 2024

First Solar

Everyone remembers Solyndra the solar panel company that got $570 million from the government and then went bankrupt. What happened to the money was never determined. How many Solyndra's are hidden inside the Infrastructure bill. Biden campaigned saying he would spend 445 billion on climate change and the solar industry was ready. The new Solyndra is a company called First Solar. This company donated $2 million to Democrats in 2020 including $1.5 million to Biden's bid for the White House. After he won they spent another $2.8 million lobbying. Since then, First Solar's stock price has doubled and profits have soared thanks to the $10 billion dollars in subsidies. Pushing the Green Deal is a profitable pursuit for many different groups.

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