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Nancy Pelosi's brother-in-law is given $737m of taxpayers' money to build giant solar power plant in middle of the Nevada desert

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The Mother of all cronyism. How many government funded boondoggles like Solyndra and this one, do we need to see before the majority of voters realize that anything that needs to be subsidized by government isn’t going to be successful.

Adding insult to fiscal injury is that this massive amount of taxpayer money is being handed over to Nancy Pelosi’s brother-in-law, Ronald Pelosi. Nancy Pelosi is one of the wealthiest people in Congress. I guess we need to keep the government payouts and corruption in a few privileged families.

Another aspect of this money giveaway that seems suspicious is that this giant solar project is to be build in the Nevada desert. Wasn’t there just an attempted Federal Government land grab in the Nevada desert?

From UK Daily Mail:

Nancy Pelosi is facing accusations of cronyism after a solar energy project, which her brother-in-law has a stake in, landed a $737 million loan guarantee from the Department of Energy, despite the growing Solyndra scandal.

The massive loan agreement is raising new concerns about the use of taxpayers’ money as vast sums are invested in technology similar to that of the doomed energy project.

The investment has intensified the debate over the effectiveness of solar energy as a major power source.

The SolarReserve project is backed by an energy investment fund where the Minority Leader’s brother-in-law Ronald Pelosi is second in command.

PCG Clean Energy & Technology Fund (East) LLC is listed as one of the investors in the project that has been given the staggering loan, which even dwarfs that given to failed company Solyndra.

Other investors include one of the major investors in Solyndra, which is run by one of the directors of Solyndra.

Steve Mitchell, who served on the board of directors at the bankrupt energy company, is also managing director of Argonaut Private Equity, which has invested in the latest project.

Since Solyndra has filed for bankruptcy has been asked to testify about the goings on at the firm by two members of the House and ‘asked to provide documents to Congress’.

Generator: Artist's impression of the solar plant being constructed north west of Tonopah, Nevada

The artist’s impression shows the incredible size of the giant solar power plant, which is being bankrolled by President Obama’s green jobs fund.

Energy will be generated using concentrated solar power technology, in which a series of mirrors direct sunlight to a receiver at the centre of the plant.

 

The ‘solar tower’ in the middle, which will be taller than the Washington Monument, is the first of its kind to be built.

 

Stretching out across a plain in Tonopah, Nevada, the mind-bogglingly big project will generate enough electricity to power 43,000 homes.

 

But the joint announcement by Energy Secretary Steven Chu comes just two days after the doomed Solyndra project, which cost the taxpayer $528 million from the same cash pot, was meant to be completed.

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23 Comments

23 Comments

  1. jason

    April 21, 2014 at 11:44 am

    Does anybody recognize the hypocrisy by the feds? The FOX sets regulations that bar cronyism, in radio promotions. Non family members of the company offering the promotion can enter or win, no family members of the employee of the company can enter or win. And that’s for a small prize of 5 bucks.

    But a family member of the government official can be awarded hundreds of million dollars?

    • Athena Axiom

      April 22, 2014 at 4:00 am

      Do some fact checking, like this and other stories it all falls apart when you look at the real facts.

      • Beth Rose-Acor

        April 23, 2014 at 8:15 am

        And what are the “real facts” that you dispute in Jason’s posts? None, because he is correct and the information is there to prove it. To prove how hypocritical the FED’s are, Cheney was awarded a government contract only because he had buddies in office, including Bush. There were other companies that gave bids that were lower and they didn’t get the contracts. It is a real “who you know, who you blow” kind of atmosphere. Companies whose shareholders are related or employed by, should NOT be able to be awarded government contracts, government money or government favor. It is ludicrous how you Liberals go nuts over a Conservative pulling this crap, but when it’s one of your own, you remain silent or go on the defensive. You can’t have it both ways.

        • Athena Axiom

          April 24, 2014 at 12:35 pm

          Here are the real facts.
          PCG invested maybe 2% into it. They didn’t even make the Partners list on the webpage.
          The link to Pelosi is super weak.
          You hit it on the head about Halliburton and the other companies that are the only ones that profited off the Iraq war.

          • Beth Rose-Acor

            April 24, 2014 at 4:28 pm

            You are an annoying little fly. I just stated that NO relationship should exist, I was standing up for Haliburton, and NO relationship with Pelosi and government funding should exist either. You can’t have it both ways! I just can’t argue with a moron. Continue on your way of stupidity.

  2. boondoggle

    April 21, 2014 at 7:05 pm

    most people are missing the point. who cares if doesn’t make money selling power? what this thing really does is create carbon credits, by the truck load, the real money maker in this project. and to think all of it is guaranteed by the tax payer…..

  3. annieoakley

    April 21, 2014 at 7:25 pm

    Good idea. Destroy thousands of acres of desert, fry birds, kill every living thing around this monstrosity for 43,000 ‘homes’. Disgusting. Make the incredibly wealthy Pelousie family even more wealthy.

    • Athena Axiom

      April 22, 2014 at 5:17 am

      The aren’t even listed as “partners” on the Solar Reserve page. PCG invested maybe 2% into this.

    • 062014

      April 22, 2014 at 3:12 pm

      But you do believe in making the Koch brothers richer so they have more millions to pour into political hate ads?

      • Beth Rose-Acor

        April 23, 2014 at 8:03 am

        Bashing on the Koch bros eh 062014? I am guessing you fall for all the Liberal gibberish on how awful the Koch Bros are and how the “buy” political favor through their donations. But I’ll also bet you are a Liberal Leftie that has no clue that the Koch Bros have donated MILLIONS to your precious President and many other Democratic figures like Reid and Biden. Guess the Liberals are as guilty if not more huh? Look it up before you comment on things you clearly have no information about!

  4. Athena Axiom

    April 22, 2014 at 3:59 am

    Doesn’t anyone fact check anymore?
    The $737 million is a LOAN GUARANTEE. Doesn’t mean that’s how much it is going to cost.
    Out of 40 Green Projects funded by the Obama Administration only 3 failed. That’s lower then the failure rate of new businesses. Investing in better energy options means getting off Russia and the ME’s tit.
    Ron Pelosi has a board membership on Pacific Corporate Group (PCG) and they only invested 2% into the project. They aren’t even listed as a Partner: http://www.solarreserve.com/who-we-are/technology-investment-partners/
    Disgusting.

    • Beth Rose-Acor

      April 22, 2014 at 5:30 am

      What is disgusting is that you Liberals went batshit crazy over government contracts being awarded to a company owned in part by Dick Cheney, but you don’t give a hoot that Pelosi’s brother gets money on his business. In fact, your hypocrisy is astounding, making you look more and more foolish every day!

      • 062014

        April 22, 2014 at 3:11 pm

        That’s because Cheney’s company was literally and intentionally ripping off the government, thus the taxpayers. For one example, they charged for meals that soldiers in Iraq didn’t eat. Pretty good scam, huh, jotting down the number of meals served which was far higher than the number of soldiers at mess.

        • Beth Rose-Acor

          April 22, 2014 at 7:44 pm

          And you actually THINK Pelosi’s brother will be honest and forthcoming in his taxpayer funded allocations? I have a bridge to sell you

        • Beth Rose-Acor

          April 23, 2014 at 8:18 am

          I agree that it was wrong, it was despicable and I further would state that no person related to, involved with or vested in any government office should be given favor for their company. Nor should any company principal, employee, owner or investor should be awarded government money on their pet projects, Liberal or Conservative.

        • lovinspoonful

          April 23, 2014 at 3:21 pm

          But Pelosi and her brother aren’t trying to rip off the people? Give me a BREAK. She is as corrupt as they come and so is Reid, Schumer, Rangel, Holder, Kerry. Talk about scams.

        • lovinspoonful

          April 23, 2014 at 3:23 pm

          Now we have the IRS, NSA, the State Department, Soros, Reid, the White House literally and intentionally ripping off the PEOPLE. Where’s the difference?

        • Dirty lying criminal scum

          May 4, 2014 at 12:08 pm

          Right, and Solyndra worked out so well too, right? How much was that again, 535 million. You think via her bro in law part of that is not going in her pocket same as Dirty Harry Greed with this land grab in the desert. And yes, it is not Bundy’s land that the solar panel plant would reside on but they do plan on using his ranch as the easement that is necessary to be adjacent to the solar field. Completely criminal. Nixon was pushed out for much, much less then these criminals are committing. Holder in contempt for fast and furious, new information that this regime knew and intentionally used a stupid video to cover up their running of arms including ground to air missiles to al queda in benghazi leading to the deaths of american citizens at the embassy, and so on and so on.

  5. lovinspoonful

    April 23, 2014 at 3:18 pm

    Is that the one going up on land next to the Bundy’s that Reid is involved in?

  6. Chris Philips

    April 24, 2014 at 12:21 am

    The fact is , you, me, we, all only know what THEY want you to know..Fact..! Unless your in the corrupt gov. loop, you only know what our censored Blacklisted News LETS us know. Fear and pitting us citizens against each other is a BIG part of Gov. Control of the masses FEAR and the Enemy IS US…..All Americans Are OBLIGATED to resist and dissolve tyranny. Stop fighting and REMEMBER, WE ARE THE PEOPLE !!!!! THEY are the government !!!!!! PEACE …….

    • Chris Philips

      April 24, 2014 at 12:29 am

      A Real American SUPPORTS the President of the United States…..No matter What…You don’t have to like it, or agree, But bad mouthing our leader makes you appear weak and that effects the unity of WE THE PEOPLE, so please stop…QUESTION ALL authority and offer solutions..The hateful comments is exactly what THEY want…Are We United?????The time is now…

      • Disgusted

        April 25, 2014 at 10:00 pm

        And real Germans supported Hitler, right?

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