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| Government Corruption |
| Energy experts blast failed billion-dollar DOE project as ‘financial boondoggle,' ‘disaster' |
| 2025-02-10 |
| [NYP] A major solar power plant project that was granted over a billion dollars in federal loans is on the road to closure, with energy experts blasting the project as a "boondoggle" that harmed the environment. In 2011, the US Department of Energy (DOE) under former President Barack Obama issued $1.6 billion in loan guarantees to finance the Ivanpah Solar Power Facility, a green energy project that consists of three solar concentrating thermal power plants in California. The facility was touted by then-Secretary of Energy Ernest Moniz as an "example of how America is becoming a world leader in solar energy." But after 10 years, the federally funded plant is now on track to close. "Ivanpah is yet another failed green energy boondoggle, much like Solyndra," Jason Isaac, CEO of the American Energy Institute, an American energy advocacy group, told Fox News Digital in a statement. "Despite receiving $1.6 billion in federal loan guarantees, it never lived up to its promises, producing less electricity than expected while still relying on natural gas to stay operational." "Now, with its power contracts canceled, Ivanpah stands as a testament to the waste and inefficiency of government-subsidized energy schemes," Isaac said. Related: Ivanpah 02/09/2025 Energy experts blast failed billion-dollar [Obama] DOE project as 'financial boondoggle,' 'disaster' Ivanpah 11/09/2014 World's largest solar plant applying for federal grant to pay off federal loan Ivanpah 11/16/2011 Robert Kennedy, Jr.’s ‘Green’ Company Scored $1.4 Billion Taxpayer Bailout |
| Posted by:Besoeker |
| #7 Good chance that much of the land, now hosting the thermal solar plant will eventually be covered with photovoltaic panels. Which would work well if we had batteries that were about 50x better than the lithium ones. |
| Posted by: Lord Garth 2025-02-10 19:41 |
| #6 Democrats go on offensive to protect subsidies for ‘cheap’ renewables that Trump’s orders froze |
| Posted by: Skidmark 2025-02-10 10:57 |
| #5 Just another Clinton-Russia deal - it's right there in the name... IVAN-pah |
| Posted by: Mercutio 2025-02-10 09:36 |
| #4 Oil speculators used to quietly sell 20 percent of production shares of a proposed well to 35 people. Losing money is big business. |
| Posted by: Besoeker 2025-02-10 08:43 |
| #3 Big surprise. None of the 'solar concentrators' ever managed to make net plus energy. It costs more to run them than it makes. |
| Posted by: ed in texas 2025-02-10 08:29 |
| #2 Climate lawfare is running into a powerful force liberals didn’t expect |
| Posted by: Skidmark 2025-02-10 08:23 |
| #1 |
| Posted by: Besoeker 2025-02-10 06:47 |