The major solar power plant project, granted over $1 billion in federal loans, is on the road to closure, with energy experts blasting the project as a “boondoggle” that damaged the environment Masu.
In 2011, under former President Barack Obama, the US Department of Energy (DOE) was to fund the Ivanpah Solar Power facility, a green energy project consisting of three solar enriched thermal power plants in California. We issued a $1.6 billion loan guarantee.
The facility was touted by the then Department of Energy Ernesto Moniz as an example of America becoming a global leader in solar energy.
However, 10 years later, the federally funded factory is now closed.
“Ivanpah is another failed green energy Boondoggle, like Solyndra,” says Jason Isaac, CEO of American Energy Institute at American Energy Advocacy Group, and Fox News Digit He told al in a statement. “Even though we received a $1.6 billion federal loan guarantee, we have not met that promise and are generating less electricity than expected while relying on natural gas to maintain operations.”
“Now that power contract has been cancelled, Ivanpa stands as evidence of the waste and inefficiency of the government-subsidized energy scheme,” Isaac said.
Ivanpah consists of three separate units, two of which were contracted by Pacific Gas & Electric (PG&E) in 2009 and are scheduled to run until 2039.
In January, PG&E announced plans to cancel its contract with IVANPAH 14 years earlier, deciding that “ends the contract at this point will save customers money compared to the costs they will maintain until 2039.” I did.
“The Ivanpa factory was a financial benefit and an environmental disaster,” said Julia Dowell of the Sierra Club, an environmentalist group, about the power plant.
“In addition to killing thousands of birds and turtles, the construction of the project, along with many rare plant species, destroyed the irresistible, pristine desert habitat,” Dowell said. “The Sierra Club is strong in supporting innovative clean energy solutions and recognizes the urgent need to move away from fossil fuels, but Ivanpa is committed to not all renewable technologies being created equally. It has been demonstrated.”
This is when Solyndra, another DOE-funded green energy project, went bankrupt in 2011 after receiving a $535 million federal loan guarantee from the Obama administration.
“The Green Project has a long history of disasters subsidized by expensive taxpayers,” Steve Milroy, a senior fellow at the Energy & Environmental Law Institute and former Trump EPA transition team member, said in a statement to Fox. He says that.
Milloy suggested that further green energy disruptions could occur from projects funded by recent Democratic-backed laws aimed at promoting the green energy agenda.
“We'll quickly look at magnitude failures that are greater than Green New Deal spending. Green projects relying on taxpayer subsidies have never built any economic or environmental significance,” Milloi said. I said that. “It's important that President Trump stops taxpayers bleeding by ending what exactly calls the green new scam.”
