What Will the total Solyndra-type Venture Capital Loss Be?

January/30/2012 18:17PM
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Another one bites the dust. Range Fuels, a cellulosic plant in Georgia goes down. Taxpayer losses, a mere $94  million. The first $46 million from George W. Bush, a great venture capitalist. The remaining from Obama, $42 million, the state of Georgia, $6, and private investors, $160 million. Total Range losses: $225 million.  The fire sale auction raised $5.1 million. The buyer, LanzaTech, which, by the way, has been awarded millions in federal funding. Beacon Power already went down owing the DOE $39 million.

On the death watch list: A123 Systems and Enerl.

Keep in mind, Solyndra was only 2% of the Obama/Chu venture capital portfolio. Here’s a few more.  Want to put some of your money in any of these?

If the government had any business risking your tax dollars in high-risk investments like these, who would you prefer to make the calls, Obama or Romney?

1366 Technologies         Solar Mfg         $150M   MA
Solar Gen
        $1.4B
  AZ
Abengoa Solar
        Solar Gen
        $1.2B   CA
        Solar Mfg
        $400M
  CO
        Solar Gen
        $967M
  AZ
        Solar Gen
        $1.6B
  C
        Solar Gen
        $90.6M
  CO
First Solar (Antelope)         Solar Gen          $680M   CA
First Solar (Sunlight)         Solar Gen          $1.8B   CA
First Solar (Topaz)         Solar Gen          $1.9B   CA
Fotowatio         Solar Gen         $45.6M   NV
Sempra Mesquite         Solar Gen         $398M   AZ
NextEra (Genesis)         Solar Gen         $852M   CA
Prologis
        Solar Gen
         $1.4B   US
        Solar Gen
        $734M
  NV
        Solar Mfg
        $197M
  OR
        Solar Mfg
        $535M
  CA
        Solar Gen
        $1.1B
  CA
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