Green2V

NM: Solar company deal costs state $16M

By   /  July 2, 2012  /  Accountability, Finances, New Mexico, News, State Budgets, State Government  /  No Comments

Former Gov. Bill Richardson

By Rob Nikolewski | Capitol Report New Mexico
SANTA FE — The closure of Schott Solar’s plant in Albuquerque is hitting New Mexico taxpayers with a $16 million loss, because the state left out a powerful provision in the funding agreement.
Then-Gov. Bill Richardson’s administration decided against including a clawback provision, which would have allowed the state [...]

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State out $16m in Schott Solar closure: “It’s infuriating,” Susana says UPDATE: State will get $3.3m in clawbacks

By   /  July 1, 2012  /  Capitol Report, New Mexico, New Mexico Watchdog  /  No Comments

Update 1/7/13: The New Mexico Finance Authority says the state will receive $3.3 million in clawbacks from Schott Solar. According to Albuquerque Business First, Schott will make a $3.3 million payment in 2016 to Finance New Mexico, a subsidary of the finance authority. Click here to read the story.
Back on Thursday night (June 28), [...]

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Tall Tales from Solar Valley, Part III of the Green2V Story

By   /  August 4, 2010  /  New Mexico, New Mexico Watchdog, News  /  No Comments

BILL RICHARDSON’S DUE DILIGENCE ON GREEN2V, or “GOOD ENOUGH FOR GOVERNMENT WORK IN SOLAR VALLEY.”
It took only a single personal meeting for New Mexico Governor Bill Richardson to line up state government behind solar wannabe Green2v.  He was armed with a “confidential backgrounder” describing the company’s plans to revolutionize the solar industry from top to [...]

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Tall Tales from Solar Valley, NM Part II

By   /  July 20, 2010  /  News  /  1 Comment

By Jim Scarantino on July 20, 2010
For a company that had already landed $1.5 billion in industrial revenue bonds from an Arizona city, solar start-up Green2V should have at least had a website.  And the investment firm that procured that deal for the company, one would think, would have had more in the way of [...]

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Tall Tales from Solar Valley, NM Part II of the Green2V Story

By   /  July 20, 2010  /  New Mexico, New Mexico Watchdog, News  /  No Comments

For a company that had already landed $1.5 billion in industrial revenue bonds from an Arizona city, solar start-up Green2V should have at least had a website.  And the investment firm that procured that deal for the company, one would think, would have had more in the way of corporate offices than a couple of [...]

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Tall Tales from Solar Valley, New Mexico: Part I of the Green2V Story

By   /  July 18, 2010  /  New Mexico, New Mexico Watchdog, News  /  No Comments

“I HAVE RAISED A LOT OF MONEY FOR BILL THROUGHOUT THE YEARS.  I WANT TO SEE HIM BACK IN WASHINGTON (REAL SOON).”
That was how Gil M. Olguin, Sr., J.D., wrapped up an e-mail to the chief of staff of New Mexico Governor Bill Richardson.  Olguin was presenting himself as head of an investment firm behind [...]

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