Another taxpayer-funded solar-energy company fails
Last November, the Washington Times reported Abengoa had received at least $2.7 billion in federal loan guarantees since 2010 to build several large-scale solar power projects in the United States. There was no certainty any of the government loans would be paid back amid a collapse that dwarfed the $530 million loss to the U.S. taxpayer with the collapse of Solyndra in 2011.