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.
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