If You Liked Solyndra, You Will Love Nevada Geothermal -- It Won't Cost the Taxpayer's Quite As Much

Link here.

The next big bankruptcy is likely to be Nevada Geothermal Power, a company that benefited from its connections with Sen. Harry Reid. Its own auditor concluded in a filing released last month that there was “significant doubt about the company’s ability to continue as a going concern.” Not to worry, the government has invested $79 million in loan guarantees plus about $70 million in grants in this particular boondoggle, so this failure is a bit cheaper than Solyndra.

Ya gotta love renewables. By the way, Spain is close to bankrupt, if not technically bankrupt, and much of it goes back to their bet on wind power. As least that's my myth. I will let other folks go down that rabbit path. 

By the way, I think the wind power folks in northwest United States are in bigger trouble than we hear: the hydroelectric dams this past year provided so much electricity, the wind power-generated electricity was neither needed nor bought.