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Queens Chronicle

The cost of ‘green energy’

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Posted: Thursday, June 20, 2013 10:30 am

Dear Editor:

Last week, Robert La Rosa naively wrote that the answer to our energy needs is solar energy (“The solar solution,” Letters). He asserted that the major oil companies pay billions of dollarsto lobbyists to stop the advancement in alternative energy.La Rosa’s letters are always one sided and provide as much information as a three-minute segment on MSNBC. Both Republicans and Democrats receive millions in campaign donations.

Hereis a list offailed solar energy/green energycompaniesthat received U.S. tax dollars.Most of these companies have already filed for bankruptcy and the rest of them are failing miserably. Evergreen Solar ($25 million), Spectra Watt ($500,000), Solyndra ($535 million), Beacon Power ($43 million), Nevada Geothermal ($98.5 million), SunPower ($1.2 billion), First Solar ($1.46 billion), Babcock and Brown ($178 million), EnirDel’s ($118.5 million), Amonix ($5.9 million), Fisker Automotive ($529 million), Abound Solar ($400 million), A123 Systems ($279 million), W & K Solar Group ($700,981 thousand), Johnson Controls ($299 million), Brightsource ($1.6 billion), Ecotality ($126.2 million), Raser Technologies ($33 million), Energy Conversion Devices ($13.3 million), Mountain Plaza ($2 million), Olsen’s Mills ($10 million), Range Fuels ($80 million), Thompson River Power ($6.5 million), Stirling Energy Systems ($7 million), Azure Dynamics ($5.4 million), Green Voltz ($500,000), Vestas ($50 million), LG Chem’s ($151 million), Nordic Windpower ($16 million), Navistar ($39 million), Satcon ($3 million), Konarka Tech ($20 million).

All these companies were given U.S. tax dollars the way aventure capitalistfirm would invest in a company. The difference is a venture capitalfirm uses private money and does its “due diligence” to determine whether or not the investment is worth it. These companies didn’t raise money privately. Your government, headed by your president, Barack Obama, took it upon itself to pick winners and losers with your money, and they failed miserably.

La Rosa should consider educating himself. Our government, on both sides of the aisle,is failing us miserably while we preoccupy ourselves with the Kardashians and “American Idol.” The Democratic Party is now the Progressive Party (Socialist/Marxist). The Republican Party of today is like the Democratic Party of 50 years past. If our country has any chance of remaining a republic, the readers of this paper better start paying attention and vote for constitutionally conservative candidates, whether they have a D next to their names or an R. Wake up, people!

Paul Parrinello Jr.
Howard Beach

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