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An important Solar Energy Plant Project That was awarded more than one billion dollars in federal loans is on the road to the closure, with energy experts that criticize the project as a “Boondoggy” that damaged the environment.
In 2011, the United States Department of Energy (DOE) under former President Barack Obama issued $ 1.6 billion in loan guarantees to finance the Ivanpah solar energy installation, a green energy project that consists of three energy plants Solar thermal concentrating In California.
The installation was promoted by the then Secretary of Energy Ernest Moniz as an “example of how the United States is becoming a world leader in solar energy.” But after 10 years, the plant financed by the federal government is now on the way to close.
“Ivanpah is another failed green energy Boondoggy, just like Solyndra,” said Jason Isaac, CEO of the American Energy Institute, a group of American energy defense, Fox News Digital in a statement. “Despite receiving $ 1.6 billion in guarantees of federal loans, it was never up to its promises, producing less electricity than expected and at the same time depending on the natural gas to remain in operation.”
Ivanpah solar energy installation (Department of Energy of the United States)
“Now, with its canceled energy contracts, Ivanpah is a testimony of waste and the inefficiency of energy schemes subsidized by the government,” said Isaac.
Ivanpah consists of three individual units, two of which were hired by Pacific Gas & Electric (PG & E) in 2009 and scheduled to function until 2039.
In January, PG & E announced plans to cancel its agreement with Ivanpah 14 years before, determining that “ending the agreements at this time will save customers money compared to the cost of keeping them until 2039”, ultimately, putting Ivanpah In notice for closing.
“Ivanpah’s plant was a financial Boontogle and an environmental disaster,” said Julia Dowell, of the Sierra Club, an environmental activism group, on the energy plant.
The loan of $ 1.6 billion to Ivanpah was delivered under the administration of former President Obama. (AP)
“Together with killing thousands of birds and turtles, the construction of the project destroyed the habitat of the irreplaceable pristine desert along with numerous species of rare plants,” Dowell said. “While the Sierra Club firmly supports the innovative clean energy solutions and recognizes the urgent need to transition to fossil fuels, Ivanpah showed that not all renewable technologies are created the same.”
This occurs after another green energy project funded by the DOE, Solyndra, in bankruptcy in 2011 after receiving $ 535 million in guarantees of federal loans from the Obama administration.
“Green projects have a long history of expensive disaster subsidized by taxpayers who are becoming more,” said Steve Milloy, the main member of the Legal Institute of Energy and Environmental and former member of the EPA Trump Transition Team , in a statement to Fox.
Chris Wright, executive director of Liberty Energy Inc., was recently confirmed to direct the United States Department of Energy under the Trump administration. (To the Drago)
Milloy suggested that more green energy failures could come from projects financed by recent legislation backed by Democrats that aims to boost the green energy agenda.
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“We will soon analyze failures of greater magnitude than green spending in New Deal. No green project that depends on taxpayers’ subsidies has made economic or environmental sense,” said Milloy. “It is important that President Trump stops the bleeding of the taxpayer by ending what he precisely calls the new green scam.”
