Saudi Arabia uses your gas dollars to fund solar energy

Later this year, Saudi Arabia is expected to approve very ambitious plans for a massive array of renewable energy projects. The first installations should be completed next year.

Obama tours Solyndra, which received a Department of Energy loan guarantee

Why incentives and rebates work better than ‘government-backed green’

Remember Solyndra? The thin-film solar cell company, founded in 2005, won $535 million from the government under the Department of Energy’s  loan guarantee scheme in 2009 for being an innovative new solar tech company that could create jobs and help make America’s future green. Two years later, when its technology was beaten by a cheaper competitive technology, it filed for bankruptcy and laid off 1,100 people.

U.S.-backed electric car maker Fisker misses early goals, delays production

Government-backed electric car company Fisker Automotive is delaying plans for production after missing its early manufacturing goals. According to a report by the Washington Post, the delays are being blamed on regulatory issues, and the company is brushing off any comparisons to Solyndra, another clean-energy company that received half a million in government loans, which filed for bankruptcy in September.