Solar Panel Big Business For China Thanks To Obama

Chinese companies have indeed built many factories and aggressively sold their products.

Solar panel big business for china thanks to obama.

The president s trade policies are in the process. They hit them with a 2 9 to 4 73 tariff with. Imported 3 1 billion worth of solar cells from china in 2011 the commerce department said. Bill keith the owner and founder of indiana based solar technology company sunrise solar used to be a small business superstar.

Keith s business tried to only purchase its materials from. Is one of solyndra s big investors. Unisolar received even more obama money after showing now progress no profits and is still failing yet they still remain in business with obama s help. A former facility for a colorado based solar panel maker that received a 400 million loan guarantee from the obama administration and eventually went bankrupt last year will cost millions to.

The gop says that team obama interfered to speed up the. Obama s solar panel tariffs threaten to destroy an american business bill keith built a successful business making solar powered ceiling fans. Solyndra a california based manufacturer of rooftop solar panels opened in 2005 and in 2009 became the obama administration s first recipient of an energy loan guarantee to the tune of 535. The commerce department issued its final ruling wednesday in a long simmering trade dispute with china imposing tariffs ranging from about 34 percent to nearly 47 percent on most manufacturers of.

The stimulus funded loan which was originally applied for in 2006 under the bush administration was guaranteed by the department of energy. A123 solar received 279 million from taxpayers thanks to president obama s department of energy loan guarantees even after the solyndra bankruptcy and is getting another 500m from obama after a loss of 400m. In 2009 the california based green energy solar panel manufacturer solyndra received a 535 million loan. To address the widening trade gap the obama administration s commerce department accused china of illegally subsidizing solar power manufacturers.