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Trump Recovers Taxpayer Cash On A $1
Billion Obama-Backed Solar Plant That Was
Obsolete Before Ever Going Online

Original Article

Posted By: Imright, 7/30/2020 10:17:48 PM

The Department of Energy reached a settlement Thursday to recover $200 million in taxpayer funds from a loan the Obama administration distributed in 2011 to finance a $1 billion solar power plant that was deemed obsolete before it could officially go online.The settlement between DOE and Tonopah Solar Energy must now be approved by a bankruptcy court, the Las Vegas Review Journal reported.The DOE provided a $737 million loan to Tonopah in September 2011 for the purposes of financing the $1.1 billion Crescent Dunes Solar Energy Project in Nevada. The agency disbursed funds for the plant in 2011 and 2013 before the project experienced problems requiring improvements,

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Reply 1 - Posted by: subal 7/30/2020 10:27:50 PM (No. 495277)
Sounds like the California Bullet Train!
16 people like this.

Reply 2 - Posted by: earlybird 7/30/2020 10:29:22 PM (No. 495280)
What a super-duper president Obie was. He duped right and left with his grand taxpayer-money-eating schemes…. We’re fortunate to get back even a percentage of what he threw at these loser projects.
27 people like this.

Reply 3 - Posted by: droopydog 7/30/2020 10:30:23 PM (No. 495282)
The recovered money should be used to build new prison barracks at Gitmo for all the Obama cronies who were involved in this "loan".
29 people like this.

Reply 4 - Posted by: Avanti1 7/30/2020 10:49:48 PM (No. 495293)
The Obama administration provided vast financial support to Solynda, Tonopah and other solar power initiatives. What do we have to show for these "investments?" Just another in a long list of Obama failures.
33 people like this.

Reply 5 - Posted by: RedWhite&Blue2 7/30/2020 10:51:08 PM (No. 495294)
I demand a refund of anything that Barry the Fraud “backed”.... Give back the $$money$$ you stole from we taxpayers, you rat! And stay away from funerals! You stumble and stutter like a foolish 👿 devil thief fraud liar bastid!
23 people like this.

Reply 6 - Posted by: mc squared 7/30/2020 10:54:56 PM (No. 495295)
No failure for Obamie I suspect. I hope someone checks the off shore bank where the Iranian cash is hiding. May find this too.
19 people like this.

Reply 7 - Posted by: RuckusTom 7/30/2020 10:57:56 PM (No. 495296)
Not A Smidgen Of Corruption. Not A Smidgen.
20 people like this.

Reply 8 - Posted by: Omen55 7/30/2020 11:09:54 PM (No. 495304)
Trump treats our $$$ like his own. In the right way.
27 people like this.

Reply 9 - Posted by: OkieTom 7/30/2020 11:14:56 PM (No. 495309)
Winning again! So refreshing after such a loser as Obama.
20 people like this.

Reply 10 - Posted by: Timber Queen 7/31/2020 12:30:36 AM (No. 495348)
#7 - Bambi was telling the truth. Not a smidgen of corruption. It was a super tanker full! This is the first article in my lifetime where I read that the federal government recovered money from failed initiatives of a prior presidency. Having a real American citizen as president is really cool.
19 people like this.

Reply 11 - Posted by: navybrat 7/31/2020 4:54:29 AM (No. 495398)
This needs to be brought up and highlighted. I hope some of the cable and radio shows will discuss as the left never will. This is an example that democrats destroy and Trump is a builder. He knows how to rebuild and is accomplishing things while democrats are busy looking for impeachment and encouraging lawlessness.
12 people like this.

Reply 12 - Posted by: anniebc 7/31/2020 5:08:08 AM (No. 495408)
obama was not duped; this was a transfer of taxpayer wealth to one of their own. This is just one of many that we are able to recoup.
16 people like this.

Reply 13 - Posted by: Strike3 7/31/2020 5:50:41 AM (No. 495435)
How can you mess up using an energy source that has been heating the Earth all by itself for millions of years? It takes a world class putz like Obama to pull it off.
8 people like this.

Reply 14 - Posted by: hoosierblue 7/31/2020 7:26:18 AM (No. 495486)
How about getting our money back from the No down payment, No credit mortgage fiasco that taxpayers had to pay off the banks for?
8 people like this.

Reply 15 - Posted by: Jesuslover54 7/31/2020 7:34:16 AM (No. 495497)
Helluva haircut - getting 200 million back on 737 million. Better than nothing I suppose.
9 people like this.

Reply 16 - Posted by: volksford 7/31/2020 9:16:05 AM (No. 495592)
Putz...I love that term # 13 , it should be used more often and fits Obongo perfectly.
4 people like this.

Reply 17 - Posted by: paral04 7/31/2020 10:27:53 AM (No. 495656)
Was this the plant that in which that dirt bag Harry Reid and his son were involved?
4 people like this.

Reply 18 - Posted by: snowoutlaw 7/31/2020 11:07:13 AM (No. 495715)
Use it to help build the wall.
2 people like this.

Reply 19 - Posted by: FL_Absentee_Voter 7/31/2020 11:46:27 AM (No. 495747)
Technically, this isn't a solar power plant but a solar thermal power plant like the Ivanpah monstrosity off I-15 on the way to Vegas. Instead of photovoltaic panels that create electricity directly from solar energy, it uses concave mirrors to concentrate sunlight onto a tower that heats molten salt which creates steam to drive a generator. Steam is nineteenth-century technology and from an engineering standpoint the concept is terribly inefficient. Not mentioned in the article (the environmentalists have apparently been paid off) is the death trap to any birds - including raptors - that happen to fly into the area and pass through any of the thousands of heat rays coming off the mirrors. They literally burn to death, falling from the sky ahead of a trail of smoke.
1 person likes this.

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