The Department of Energy Spends $11 Million Per Job Wind
$26 billion spent since 2009, 2,298 permanent jobs created for a cost of over $11.45 million per job
By Institute for Energy Research —— Bio and Archives--May 8, 2013
Global Warming-Energy-Environment | Comments | Back To Full Article
Without much fanfare, the Department of Energy (DOE) recently updated the list of loan guarantee projects on its website. Unlike in 2008, when Barack Obama pledged to create 5 million jobs over 10 years by directing taxpayer funds toward renewable energy projects, there were no press conferences or stump speeches. But the data are nonetheless revealing: for the over $26 billion spent since 2009, DOE Section 1703 and 1705 loan guarantees have created only 2,298 permanent jobs for a cost of over $11.45 million per job.
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