Investigation: Stimulus Money and Jobs for Wind Energy flows Overseas

The Investigative Reporting Workshop reported this story in coordination with ABC’s World News Tonight with Diane Sawyer and the Watchdog Institute, a non-profit investigative journalism group based at San Diego State University.foreign vs. domestic

Money from the 2009 stimulus bill to help support the renewable energy industry continues to flow overseas, despite Congressional criticism and calls for change, according to a new analysis of the program by the Investigative Reporting Workshop.

The Workshop was the first to report last October that more than 80 percent of the first $1 billion in grants to wind energy companies went to foreign firms. Since then, the administration has stopped making announcements of new grants to wind, solar and geothermal companies, but has handed out another $1 billion, bringing the total given out to $2.1 billion and the total that went to companies based overseas to more than 79 percent.

In fact, the largest grant made under the program so far, a $178 million payment on Dec. 29, went to Babcock & Brown, a bankrupt Australian company that built a Texas wind farm using turbines made by a Japanese company.

via Investigations | Wind Energy Funds Going Overseas | Investigative Reporting Workshop.

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