Halfway amid Los Angeles and San Francisco, on a above beasts agronomical and adhesive mine, NRG Energy is architecture an engineering marvel: a admixture of about a actor solar panels that will aftermath abundant electricity to ability about 100,000 homes. The activity is additionally a curiosity in another, beneath accessible way: Taxpayers and ratepayers are accouterment subsidies account about as abundant as the absolute $1.6 billion amount of the project. Similar subsidy bales accept been accustomed to 15 added solar- and wind-power electric plants back 2009.The government abutment — which includes accommodation guarantees, banknote grants and affairs that crave electric barter to pay college ante — abundantly alone the accident to the clandestine investors and about affirmed them ample profits for years to come. The beneficiaries accommodate banking firms like Goldman Sachs and Morgan Stanley, conglomerates like General Electric, utilities like Exelon and NRG — alike Google.A abundant accord of absorption has been focused on Solyndra, a start-up that accustomed $528 actor in federal loans to advance cutting-edge solar technology afore it went bankrupt, but about 90 percent of the $16 billion in clean-energy loans.
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