Solar Plant Fails : Using Natural Gas - $Billions Lost Again

This kind of thing makes the head explode - the progressive socialist liberal democrats know this would not work, but given all of the other renewable disaters of the 'green energy' that they have trotted out to waste billions of taxpayers money, and stuffing the pockets of the bundlers for the democrats party, this example, supported by Harry Reid and son, is so bad and so egregious that these people should go start to jail.

But hey, they are democrats, and stealing taxpayer money is just who the are, so no big deal. They have been doing this for decades without any problems from the media or the Republicans. What reason do they have to change?

Solar Plant Asks Taxpayers for Money to Repay Taxpayers
Source: Scott Shackford, "Solar Plant Wants to Pay Off Massive Government Loan with Massive Government Grant," Reason.com, November 11, 2014.

November 13, 2014

The Ivanpah solar project took $1.6 billion in federal loan guarantees to construct a plant in the Mojoave Desert for a project that, altogether, cost $2.2 billion. It began operation in December 2013, but Scott Shackford at Reason.com reports that the plant isn't exactly producing power at expected levels -- in fact, it's producing one-quarter of what was expected.

How does Ivanpah plan to pay back its large federal loan? According to Shackford, it has asked for a federal grant of $539 million in order to do so -- more money from federal taxpayers, who already provided the company with the original loan.

The plant blames its power problems on weather. According to Shackford, the solar plant is going to have to use natural gas in order to make up for its lack of energy generation.