Obama’s Ivanpah Solar Plant On Way To Closure, A “Financial Boondoggle”

I’ve always said I’m not against “alternative” (can’t call them green, not with ones like Solyndra) energy methods like solar and wind. They just aren’t ready for primetime yet. Instead of dumping, say, $1.6 billion into an untried solar method, there should have been more research and development

Energy experts blast failed billion-dollar DOE project as ‘financial boondoggle,’ ‘disaster’

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.

Now it will be a monument to cult stupidity, rotting away in the desert

“The Ivanpah plant was a financial boondoggle and environmental disaster,” Julia Dowell of the Sierra Club, an environmental activism group, said of the power plant.

“Along with killing thousands of birds and tortoises, the project’s construction destroyed irreplaceable pristine desert habitat along with numerous rare plant species,” Dowell said. “While the Sierra Club strongly supports innovative clean energy solutions and recognizes the urgent need to transition away from fossil fuels, Ivanpah demonstrated that not all renewable technologies are created equal.”

If even the Warmist Sierra Club is against it, it must be bad. Like, this bad

World’s largest barbecue at Ivanpah pic.twitter.com/xFDnsT6FrW

— Joel Pollak (@joelpollak) April 26, 2015

The post Obama’s Ivanpah Solar Plant On Way To Closure, A “Financial Boondoggle” appeared first on Pirate’s Cove.