“A 10% reduction off the retail rate for wholesale power would net Summit Ridge Energy a price of $0.1181 per kWh, which is 244% higher than the average wholesale rate in 2021 that all other power producers received. And that boost will be absorbed and passed on to all retail ratepayers.”
“The $2.5 billion investment in production plants that Q-Cells promises isn’t really coming from the company, but from the U.S. Treasury courtesy of federal taxpayers’ largesse and Biden’s Inflation Reduction Act.”
Last month, Vice President Kamala Harris visited a Korean-owned solar photovoltaic module plant in Dalton, Georgia. Long known as the carpet capital of America (and perhaps less illustriously as the Home of the Blonde Bombshell), Dalton will now host a vastly-expanded Korean-owned solar panel production facility operated by a company called Q-Cells.…