In 2014, DOE ponied up a $150 million loan guarantee for Cape Wind, a wind turbine project to be located in Nantucket Sound. However, local pushback over the potential doubling of consumers’ electricity bills stalled the project.
The solar energy company Solyndra, whose failure became a national scandal, received its $535 million loan from DOE in 2009.
In short, Perry needs to rein in, downsize and refocus DOE. Here’s what he should do.