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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 a green energy Boondoggle, like Solyndra, who has failed even more,” says Jason Isaac, CEO of American Energy Institute at American Energy Advocacy Group, and Fox News Digita He told l in a statement. “Even though it was guaranteed a $1.6 billion federal loan, it never lived up to that promise and produced less electricity than expected while relying on natural gas to maintain operation. .”
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IVANPAH Solar Power Facility (US Department of Energy)
“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.
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In January, PG&E announced plans to cancel its contract with Ivanpah 14 years earlier, deciding that “ends the contract at this time will save customers money compared to the costs of maintaining 2039.” did.
Julia Dowell of the Sierra Club, an environmentalist group, said of the power plant, “The Ivanpa factory was a financial benefit and an environmental disaster.”
The $1.6 billion loan to Ivanpa was delivered under former president Obama administration. (AP)
“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. “While the Sierra Club strongly supports innovative clean energy solutions and recognizes the urgent need to move away from fossil fuels, Ivanpa demonstrates that not all renewable technologies are created equally I did.”
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.
Chris Wright, CEO of Liberty Energy Inc., was recently confirmed to lead the U.S. Department of Energy under the Trump administration. (Algora)
Milloy suggested that further green energy disruptions could occur from projects funded by recent Democratic-backed laws aimed at promoting the green energy agenda.
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“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.”
Aubrie Spady is a writer for Fox News Digital.
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