An “All of the Above” Strategy

18 Jul

Amonix received $6 million in federal tax credits and a $15.6 million grant from the U.S. Department of Energy

The Amonix solar manufacturing plant in North Las Vegas, heavily financed under an Obama administration energy initiative, has closed its 214,000-square-foot facility 14 months after it opened.

Amonix founder and chairman Vahan Garboushian had estimated capital investment of $15 million in the plant, including equipment, construction and tenant improvements.

“All of the Above” means of course that “all” of the subsidized Green Projects, run by Obama bundlers get tax payer backed loans – then go broke.

via Drudge

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