While Obama issued this statement a few months ago, the federal government was subsidizing solar companies in the US with massive taxpayer-funded loans. Apparently, General Electric received substantial benefits for supporting Obama’s green policies.

EnergyBiz reports that, “it was to be the country’s biggest solar equipment maker. It (would) (get) exhibited (instead as a failure) by critics of President Obama’s green energy plan. In the spotlight now is General Electric, which has said that it will delay by at least 18 months the construction of a facility to build solar panels.”

GE was expected to manufacture thin-film solar panels that convert power from the sun to energy used for homes at a 12.5 percent energy efficiency rate. And while that is 4-7 percent less than those panels produced in China, GE said that its strong point would be cost – to be attractive that homeowners could not refuse.”

Many critics are blasting solar energy for soaking up scarce natural resources and not creating jobs.

To read the entire article from EnergyBiz, link here:

Comments (2)

Comment	smaller | bigger
Name
Write the displayed characters
Subscribe via email (Registered users only) I have read and agree to the Terms of Usage.
	Add Comment