As it would turn out, Mrs. Arvia Few, an Obama bundler who is trying to raise $100k for the Obama campaign is married to Mr. Jason Few, Executive Vice President of NRG Solar that received $1.2 BILLION in loan guarantees from the DOE in September of last year. This loan was for a solar ranch in California that would create only 15 permanent jobs after it was constructed (supposed construction jobs – 350).
But the web thickens even more as we find out that Warren Buffet has major investments (a 49% stake) in a separate NRG Solar project called Agua Caliente that received almost another BILLION in DOE loan guarantees to build a solar power plant in Yuma, AZ. This loan was granted in August of last year and is only supposed to create 10 permanent jobs after the plant is constructed (supposed construction jobs – 400).
And the best part? NRG Solar reported a first quarter loss of $206 million. And because the loans are guaranteed, they don’t have to pay back a dime of taxpayer money.
Talk about crony capitalism. Read below:
FREE BEACON – New disclosures show that one of President Obama’s bundlers is the wife of an executive at an energy company that received a more-than-$1.2 billion Department of Energy (DOE) loan guarantee for a solar power plant.
Arvia Few is a bundler for the Obama re-election campaign who has promised to raise between $50,000 and $100,000. She began bundling for Obama in the first quarter of 2012. Her husband, Jason Few, is an executive at a company that has benefited handsomely from the Obama administration’s clean energy spending, records show.
The U.S. Department of Energy granted NRG Solar a $1.237-billion loan in September 2011 to help build NRG’s California Valley Solar Ranch, which is described as “a 250 MW alternating current PV solar generating facility” by the U.S. Department of Energy.
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Other financial interests tied to the Obama administration have also invested in NRG Solar.
Warren Buffett’s MidAmerican Energy holds a stake in another NRG project that received a $967 million Department of Energy loan guarantee.
DOE announced a $967 million loan guarantee to NRG in August 2011 for its $1.8 billion Agua Caliente Solar Project. Agua Caliente will be one of the largest photovoltaic plants in the world upon its completion in 2014.
NRG acquired the Agua Caliente Solar Project from First Solar on August 5, 2011, as DOE announced the loan.
Buffett’s MidAmerican Energy bought a 49 percent stake in NRG’s Agua Caliente project in December 2011.
The multiple DOE loans did not stop NRG Energy from reporting a first-quarter 2012 loss of $206 million.