U.S. taxpayers guarantee $2.1b loan to German firms

Timothy P. Carney Senior Political Columnist Follow Him @TPCarney A federal subsidy program with consistently poor marks on transparency and accountability has just announced its largest ever award: a $ 2.1 billion loan guarantee to a German-owned solar power company. The Solar Trust of America, the U.S.-based joint venture of two German companies, says the subsidized project will …
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BrightSource Energy Inc., a solar thermal energy company, this week closed financing for the Ivanpah Solar Electric Generating System.
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