$1.3B Greendoggle in Sen. Reid’s Nevada: $4.6 Million per Job, and 4X the Cost of Fossil Fuels

August 8, 2012 07:25

Harry Reid’s $1.3 billion in federal funds funneled into geothermal, solar and wind projects since 2009 in Nevada has  cost of over $4.6 million per job.


By Kyle Gillis at Nevada Journal


Despite this, Sen. Reid continues to hype Nevada as the “Saudi Arabia of renewable energy,” even though the renewable energy subsidized with federal dollars and mandated under Nevada’s Renewable Portfolio Standard costs consumers and NV Energy, Nevada’s publicly regulated utility company, up to four times as much as fossil fuels, such as natural gas.


The Times found similarities between the Obama administration’s support for “Solyndra, the now-famous California solar company,” and Sen. Reid’s support of Nevada Geothermal.


The most recent “clean energy” company failure in Nevada occurred three weeks ago when Amonix, a North Las Vegas solar manufacturing plant that had received more than $20 million in federal tax credits and grants, closed after only 14 months of operation.

Hailed upon its opening by Sen. Reid, U.S. Rep. Shelley Berkley and Gov. Brian Sandoval, the 214,000-square-foot Amonix facility had, at its height, employed some 700 individuals. In 2010, even President Barack Obama praised the Amonix plant, saying the “stimulus” tax credits it received had made an “extraordinary impact.”

Today, the company is bankrupt.


H/T Dr. Mark J. Perry at Carpe Diem

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