#GREENFAIL: Amonix closes North Las Vegas solar plant after 14 months, heavy federal subsidies. “The Amonix plant was highly touted by political leaders and economic development officials when it opened in May 2011. Company executives said they would employ as many as 300 assembly line workers paid $12 to $14 an hour, plus benefits. Nevada Sen. Harry Reid, U.S. Rep. Shelley Berkley, D-Nev., and Gov. Brian Sandoval were among the political leaders who lauded the company when it announced it would start making solar panels in the Golden Triangle Industrial Park. . . . Amonix isn’t the only solar company to go under after receiving an infusion of federal capital. California-based Solyndra filed for bankruptcy last year after receiving $535 million in federal loan guarantees from the Obama administration. Colorado-based Abound Solar, which received a $70 million loan guaranteed by the Energy Department, filed for bankruptcy in June.”
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.