M
markw
Audioholic Overlord
The bad news : It's to foreign companies.
"The U.S. government handed out $502 million in grants for a dozen wind- and solar-power projects from Maine to South Texas, the first round in a new subsidy program designed to spur renewable-energy investment.
...
But while the wind farms and solar installations are in the U.S., the profits from these projects are flowing mainly to European companies and developers owned by private-equity investors."
From WSJ >> http://online.wsj.com/article/SB125182848772276871.html
"The U.S. government handed out $502 million in grants for a dozen wind- and solar-power projects from Maine to South Texas, the first round in a new subsidy program designed to spur renewable-energy investment.
...
But while the wind farms and solar installations are in the U.S., the profits from these projects are flowing mainly to European companies and developers owned by private-equity investors."
From WSJ >> http://online.wsj.com/article/SB125182848772276871.html