Another Reason Not To Trust Green Energy Companies

From the Pahrump Valley Times: Slar Millennium AG, the company that received the go-ahead to build two, 250-megawatt, concentrated solar power plants in Amargosa Valley, has filed for bankruptcy protection in Germany.
The filing of insolvency was blamed on substantial projects being postponed, the company states. It was a step taken to protect the existing assets for shareholders and creditors, Solar Millennium AG stated in a press release.
The release, dated Dec. 21, states “Solar Millennium AG, Erlangen, has filed for the opening of insolvency proceedings at the district court in Fuerth.”
Solarhybrid AG, another German company, announced a conditional agreement to acquire Solar Millennium and its pipeline of 2.25 gigawatts of power under development, back in October....

Solar Millennium was granted a record of decision by the U.S. Secretary of the Interior in November 2010 granting the company the right-of-way to build two, 250-megawatt, solar power plants on 4,600 acres of public land along Farm Road in Amargosa Valley. But the company hasn’t acted yet to construct the facilities. Solar Millennium is also planning solar power plants in Blythe, Palen and Ridgecrest, Calif.

ohttp://pvtimes.com/news/solar-millennium-files-for-bankruptcy-in-german-court/
This shows once again that many, if not most green energy frauds err, companies are not viable as a company unless they get get huge financial help from government agencies and/or file for bankruptcy.
I'm not sure if Crybaby Reid had anything to do with this company, though my betting money says yes he has, but these are the companies Rid likes to support. It's green energy and who cares about the finances of the company.
Nye County needs to stop this project immediately but if they don't they will be left holding the money bag with no money in it. The Nye County taxpayers, if nothing happens, are about to be screwed.