Tuesday, May 22, 2012

Bubble bursting

The Enterprise blog writes about the bursting of the bubble of renewable energy stocks, which Obama has propped up with taxpayer money.
The RENIXX Index of the 30 largest renewable energy companies in the world is trading at an all-time low today and has lost over 90% of its value since 2008. A partial listing of green energy companies that have already filed bankruptcy or are teetering on the brink is below. Many of these companies were financed by taxpayers.
Filed Bankruptcy:
o    Solyndra
o    Beacon Power
o    Ener1
o    Range Fuels
o    Solar Trust of America
o    Spectrawatt
o    Evergreen Solar
o    Eastern Energy
o    Unisolar
o    Bright Automotive
o    Olson’s Crop Service
o    Energy Conversion Devices
o    Sovello
o    Siag
o    Solon
o    Q-Cells
o    Mountain Plaza
Teetering on the Brink:
o    Abound Solar
o    A123 Systems
o    Brightsource Energy
o    Fisker Automotive
o    First Solar
o    Nevada Geothermal
o    SunPower
o    Nordex
o    The Bard Group
o    Amonix
o    NRG Energy
o    Alterra Power
o    Enel Green Power
o    Sunpower Corp

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