Much has been made of George Kaiser’s role in the Energy Department loan to now-bankrupt Solyndra.
Kaiser is one of the Obama bundlers whose investments benefitted from DOE loans or loan guarantees.
But he also belongs to another exclusive club: billionaires who received DOE backing.
The Muckety map above shows four other such loans:
1. Agua Caliente Solar
The DOE provided a $967 million loan guarantee to this Arizona solar project in August. Members of the Walton family, heirs to the Wal-Mart fortune, are major investors in First Solar, the project contractor.
2. Kahuku Wind Power
The DOE approved a $117 million loan guarantee for this project in Hawaii. Kahuku Wind Power LLC is a subsidiary of First Wind, in which billionaire David E. Shaw is an investor. Shaw is also a fundraiser for Obama’s re-election bid.
3. Severstal Dearborn
In July, the department announced a $730 million conditional loan commitment to modernize a steel plant in Dearborn, MI. The site is owned by a subsidiary of OAO Severstal, whose CEO and controlling owner is Russian billionaire Alexei Mordashov.
4. Ford Motor Co.
The automaker borrowed $5.9 billion from DOE to introduce new technologies upgrade factories in five states. We should note that the Ford family, led by billionaire patriarch William Clay Ford Sr., holds less than 2 percent of the company shares.
Other links between billionaires and DOE loans: