Goldman Sachs Thrown Out For Solar Squatting

And again a bank succeeds in slowing down the growth of the solar thermal energy industry… 

"An Associated Press investigation last year found that the U.S. Bureau of Land Management’s first-come, first-served leasing system allowed companies, regardless of solar industry experience, to squat on land without any real plans to develop it. Under that system, the first company to file a claim on a site then held exclusive access to it until the application was rejected or withdrawn. Cogentrix  (Goldman Sachs owned), which mostly operates coal-and-gas-fired power plants in the eastern U.S., had no solar development experience prior to filing its applications and never produced plans for the vast swaths of land on which it had filed claims." (bron)

Leave a Reply