- While the U.S. government lost $528 million because of the Solyndra PV bankruptcy, there remains expectation that taxpayers will earn $5 billion to $6 billion from the $32.4 billion invested in low-carbon technologies.
- It is said that General Electric's Shepherds Flat wind farm project in Northern Oregon was a $529 million stinker for the taxpayer. Well, the wind farm is operational, but watchdog groups continue to hound the developers.
- Vinod Khosla said he would invest $500 MILLION in KiOR, a biofuels company, which proceeded to lose $629 million. Reaching $20/share in 2011, at the time of bankruptcy in 2014, the stock had sunk to 2.5 cents/share. With oil at a half to a third what it was two years ago, and the Chicago Mercantile Exchange predicting petroleum at $59/barrel at the end of 2024, don't expect much from biofuels:
- Iowa (31%)
- Kansas and South Dakota with more than 20%.
Yes, we have a lot of sun, biomass grows well and ocean thermal energy conversion potential is all around us. However, Hawaii is a particularly fabulous site for wind power, with the very best wind regimes located between our islands: