Ronald Pelosi #2 at Receipient of Latest Solar Loan

Posted by Jim Spence on Thursday, September 29, 2011
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Ronald and Nancy Pelosi
The Weekly Standard - Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies -- including a $737 million loan guarantee to a company known as SolarReserve: SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada. The 110-megawatt Crescent Dunes project, near Tonopah, Nevada, will use the sun’s heat to create steam that drives a turbine, the agency said today in a e-mailed statement. SolarReserve is based in Santa Monica, California. On SolarReserve's website is a list of "investment partners," including the "PCG Clean Energy & Technology Fund (East) LLC." As blogger American Glob quickly discovered, PCG's number two is none other than "Ronald Pelosi, a San Francisco political insider and financial industry polymath who happens to be the brother-in-law of Nancy Pelosi, the Minority Leader of the United States House of Representatives." Read full story here: News New Mexico
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1 comments:

Anonymous said...

I gather Pelosi changed her mind and decided to drain the treasury instead of draining the swamp.

September 30, 2011 at 9:22 AM

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