CRONY CAPITALISM: MASSIVE SOLAR LOAN BENEFITS PELOSI’S KIN

September 29, 2011 3:28 pm  

(The Weekly Standard) – Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies — including a $737 million loan guarantee to a company known as SolarReserve:

SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada.

The 110-megawatt Crescent Dunes project, near Tonopah, Nevada, will use the sun

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