Corrupt state subsidies and poor business plans are giving solar energy a bad reputation.
“Just one day after Tesla finalized its acquisition of SolarCity, Preet Bharara, then the U.S. attorney for the Southern District of New York, announced criminal charges against a handful of Cuomo staffers for rigging the construction bids for the Buffalo Billion program to favor the governor’s campaign donors. The man tapped by Cuomo to oversee the taxpayer subsidies, as well as a leading donor who received a $225 million contract to build out the Buffalo factory, were both convicted last year of conspiring to rig the bids.”