Path 2

Tuesday, Feb 7 2012

POLITICO: Mitt's Solyndra? He Handed Out Renewable Energy Subsidies, Too

Feb 07, 2012

On February 6, 2012, POLITICO reported:

Just under three weeks into his term as governor, Romney brought a $1.5 million check to Konarka, a well-connected solar startup in Lowell, Mass., itching to buy a new pilot production assembly line.

Four other companies also scored renewable energy subsidy awards that same day, including Evergreen Solar, which won $2.5 million for a major expansion and to cover operating losses as it tried to become profitable.

Also that day, Romney announced plans to take $15 million from Massachusetts’ Renewable Energy Trust Fund — a pot of more than $150 million collected from electricity customers following passage of a 1998 energy deregulation law — and start up a new private venture capital outfit that would back green-minded state businesses with equity, loans and management advice.

Read the full story here.

Published: Feb 7, 2012

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