The article reports:
The Ivanpah solar electric generating plant is owned by Google and renewable energy giant NRG, which are responsible for paying off their federal loan. If approved by the U.S. Treasury, the two corporations will not use their own money, but taxpayer cash to pay off 30 percent of the cost of their plant, but taxpayers will receive none of the millions in revenues the plant will generate over the next 30 years.
But solar is the new green energy, so what is the problem?
The article explains:
But since then the plant has not lived up to its clean energy promise. According to the U.S. Energy Information Administration, the plant produced only about a quarter of the power it’s supposed to, a disappointing 254,263 megawatt-hours of electricity from January through August, not the million megawatt-hours it promised.
A NRG spokesman blamed the weather, saying the sun didn’t shine as often as years of studies predicted. However by the four-year mark, NRG has “every confidence that the plant will function as anticipated for the life of the facility,”according to the company.
And then there is the bird issue:
The problem is that birds see the mirrors as water. As they approach, the 800º F solar beams roast any bird that happens to fly by. A recent study released by the California Energy Commission conducted by the Center for Biological Diversity called Ivanpah a “mega-trap” that will kill up to 28,000 birds a year.
And then there is the crony capitalism issue:
The plants’ owner at the time, BrightSource Energy, said it will likely kill only a thousand birds a year. BrightSource came under scrutiny by the House Oversight and Government Reform Committee and investigators found the company received direct “guidance and support from the White House” for how it obtained its $1.6 billion in federal loans.
It’s time to unelect every member of Congress who is spending money on projects such as this. No wonder we are broke.