Feds give Billions to Foreign Green Energy companies

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Which company has gotten the most subsidies from the U.S. government? Would you believe it’s a Spain-based green energy company?

Iberdola has gotten $2.2 billion in subsidies to operate wind turbines across the U.S. — making it the largest recipient of federal corporate welfare, according to a report by the left-wing group Good Jobs First.

The company got billions in subsidies from the Obama administration’s 2009 stimulus package. Good Jobs First says:

[M]any of the wind farms it acquired or built [in the U.S.]have taken advantage of a provision in the 2009 American Recovery and Reinvestment Act (Section 1603) that allows companies to receive cash payments in lieu of tax credits for the installation of renewable energy properties.

Read more at LibertyUnyielding

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