
Smiling all the way to the bank.
“A renewable energy company personally picked by US President Barack Obama is on the verge of collapse, potentially leaving international banks on the hook for around $29.6 billion.
Abengoa, a Spanish solar energy firm which has received $3.74 billion in loans from the US government since 2010 to construct several large-scale solar projects, looks set to become the largest bankruptcy in Spanish history.” http://www.news.com.au/finance/business/other-industries/spanish-solar-energy-firm-abengoa-facing-296-billion-bankruptcy/news-story/aa119d77a29f11e16e9839e425fc30c0
