More than one Obama bundler stood to benefit from DOE guarantees

By Laurie Bennett

November 13, 2011 at 1:44pm

Of all the loan guarantees granted to alternative energy companies by the Energy Department, the Solyndra loan has drawn the most scrutiny.

There are good reasons for that: Solyndra failed; its investors included a fundraiser for the Obama campaign; and another campaign fundraiser worked as a DOE consultant.

But Solyndra isn’t the only DOE-backed project involving Obama bundlers.

The Muckety map above shows four such connections. (We’ll publish more in coming days.)

George B. Kaiser, who raised money for the Obama campaign in 2008, is an investor not only in Solyndra but in the Crescent Dunes Solar Energy Project, which the DOE awarded a $737 million loan guarantee.

A 2012 bundler, David E. Shaw, is an investor in First Wind, which received a loan guarantee for the Kahuku Wind Power project in Hawaii.

Another fundraiser for Obama’s re-election bid, Mark McCall, is a managing director of Lime Rock Partners, which has invested in Global Energy Services, a contractor that has done work for Fotowatio Renewable Ventures, Inc.

The DOE announced a $45.6 million loan guarantee to Fotowatio in June for a solar facility near Las Vegas. Two months later, Fotowatio was acquired by MEMC Electronic Materials and its solar energy subsidiary, SunEdison.

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