A major solar power plant project has received more than $1 billion in approval on federal loans, i.e. energy experts blow up the project to “clumsiness” that damage the environment. [emphasis, links added]
In 2011, the U.S. Department of Energy (DOE) under former President Barack Obama issued a $1.6 billion loan guarantee to fund Ivanpa solar facilities, A green energy project consists of three solar concentrated thermal power plants in California.
The secretary of the energy at the time Ernest Moniz was an example of how the United States became a world leader in solar energy.
But 10 years later, the federally funded factory is now heading for a close.
“Ivanpah is another failed green energy fool, just like Solyndra,” Jason Isaac, CEO of American Energy Institute, an energy advocacy group, told Fox News Digital in a statement .
“Despite the $1.6 billion federal loan guarantee, it never fulfilled its promise to generate less electricity than expected while still relying on natural gas to stay in operation.”
“Now, with its power contract being cancelled, Ivanpa proves the waste and inefficiency of government subsidized energy programs,Isaac said.
Ivanpah consists of three units, two of which were signed by Pacific Gas and Electrical (PG&E) in 2009 and are scheduled to operate until 2039.
In January, PG&E announced plans to cancel the Ivanpah agreement 14 years ahead of schedule and determined that “end of the agreement will save customers money compared to the cost of keeping customers in 2039” – ultimately causing the Ivanpah notification to close.
“The Ivanpa factory is a financially arduous environmental disaster,” Julia Dowell of the environmental action group Sierra Club said of the power plant.
“With killing thousands of birds and turtles, the project’s structure also destroyed irreplaceable pristine desert habitats, as well as many rare plant species,” Dowell said.
“While the Sierra Club strongly supports innovative clean energy solutions and recognizes the urgent need to transition from fossil fuels, Ivanpah shows that not all renewable technologies are equal. ”
This went bankrupt in 2011 after Solyndra, another DOE-funded green energy project, received a $535 million federal loan guarantee.
“Green projects have a long history of expensive taxpayer subsidies disasters, and that’s getting more and more.” Steve Milloy, a senior fellow at the Institute of Energy and Environmental Law, said in a statement to Fox.
Milloy suggested that projects aimed at pushing the green energy agenda that are funded by legislation aimed at pushing green energy could lead to further green energy failures.
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