How Democrats Say “Crony Corruption” in Spanish: Abengoa

August 6, 2012 06:29

So how did such a poorly rated, non-American company get billions in US taxpayer loan guarantees? Can you say “crony corruption?” –


Abengoa plant in Spain


By Marita Noon  at


Whereas the review process for establishing an oil and gas lease on federal land can take up to five years, some of these favored green-energy projects were pushed through in less than a year.

Our first five chapters on Solar Reserve, BrightSource Energy, Nevada Geothermal, Ormat Nevada (the two Nevada companies were featured in one report), and First Solar; revealed a convoluted and tangled trail of political ties in each of these green-energy crony-corruption cases.

This chapter looks at the Spanish company Abengoa that received more than $2.8 billion in loans and grants—making them the second largest recipient of the $16 billion doled out through the DOE 1705 loan guarantee program.


… the whole reason Abengoa Solar had to get the guarantee from the government is that no private lender thought the risk was worth it. It is not ‘costless’ for the US taxpayer to be on the hook in this fashion.”


Abengoa has a cadre of cronies in high places which includes Al Gore, former New Mexico Governor Bill Richardson, Senator Dianne Feinstein, and, of course, President Obama—plus, many others


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