From National Review:
SunEdison, which billed itself as the “largest global renewable energy development company,” is on the verge of bankruptcy after sucking up $650 million in federal grants and tax credits and $846 million in federal loans, loan guarantees, tax-exempt federal bonds, and federal insurance.
Also in April, Spanish energy company Abengoa SA filed for bankruptcy in Delaware, having disappeared $2.6 billion in federal loans and loan guarantees, as well as $986 million in federal grants and tax credits.
That adds up to about $5 billion taxpayer dollars, 70% of it to a foreign company.
Maybe MIT Technology Review should revisit its story on the limits of “clean coal” for balance.