Obama Gives $737 Million Dollar Loan To Solar Company Connected To Nancy Pelosi’s Brother In Law

Did Obama forget about Solyndra already? Obama is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. SolarReserve is partnered with a company called PCG – Pacific Corporate Group… Well, Nancy Pelosi’s brother-in-law happens to be the number two man at PCG. Obama is spending $737 million to create 45 permanent jobs.



The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project. The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington.

The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve. Crescent Dunes is the latest solar project to receive a loan guarantee from the Energy Department in recent weeks.

The department announced a $1.2 billion loan guarantee to Abengoa Solar for a solar generation project in California and a $150 million loan guarantee to 1366 Technologies for a Massachusetts solar manufacturing project earlier this month. The Energy Department says the project will result in 600 construction jobs and 45 permanent jobs.

Reference Article (The Hill)