Another Taxpayer-Funded Solar Company Looks Like a Failure

Biden Strickland photoAn Ohio-based solar company received millions of dollars in state and federal subsidies despite government officials’ knowledge that the company was in financial trouble, and now a local newspaper reports little activity at the manufacturer’s Perrysburg plant.

According to a report last month in The Toledo Blade, Willard & Kelsey Solar Group was lent $10 million by two state agencies even though the company showed little more than a half million dollars in revenue for 2009 – that being a grant from the Buckeye State – and a loss of $4.2 million. State officials told the newspaper that loan was completed because it had already been promised.

“We are just executing that commitment at that point,” Daryl Hennessy, assistant chief of the business services division at the Department of Development, told The Blade. “While it looked like a lot of bad things happened in between, the commitment had …

Did U.S. Taxpayers Boost Bailout of British EV Investors?

white Coke can

NLPC readers by now have learned there is more than meets the media’s eye when it comes to the Obama administration’s “Green” initiatives, and specifically, the government-subsidized electric vehicle program. Particularly egregious might be how American taxpayers have helped save a troubled EV company in the United Kingdom for its burdened investors.

Under the surface in this case is Kansas City-based Smith Electric Vehicles Corp., a company that did not exist in its U.S. form until January 2009. The company does not make passenger vehicles, but commercial trucks. Once Smith-U.S. established itself in Missouri, somehow that was enough of a track record for the Department of Energy to award the company $10 million in August 2009, and an additional $22 million in March 2010, for an ET (electric truck) demonstration program. 

The founders of Smith-U.S. did not come from the automobile or electricity businesses, or anything even …