Tuesday, November 15, 2011

Quote of the Day on the Cornucopia of Taxpayer Dollars for Renewable Energy, aka Crony Capitalism

“It is like building a hotel, where you know in advance you are going to have 100 percent room occupancy for 25 years,” said Kevin Smith, chief executive of SolarReserve, whose Nevada solar project has secured a 25-year power-purchase agreement with the state’s largest utility and a $737 million Energy Department loan guarantee and is on track to receive a $200 million Treasury grant. 

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