"A U.S.-Backed Geothermal Plant in Nevada Struggles"

"In a remote desert spot in northern Nevada, there is a geothermal plant run by a politically connected clean energy start-up that has relied heavily on an Obama administration loan guarantee and is now facing financial turmoil."

"The company is Nevada Geothermal Power, which like Solyndra, the now-famous California solar company, is struggling with debt after encountering problems at its only operating plant.

After a series of technical missteps that are draining Nevada Geothermal’s cash reserves, its own auditor concluded in a filing released last week that there was 'significant doubt about the company’s ability to continue as a going concern.'"

Eric Lipton and Clifford Krauss report for the New York Times October 2, 2011.

SEE ALSO:

"California Solar Company Makes Its Way Without Subsidies" (Sacramento Bee)

Source: NY Times, 10/03/2011