Solar Flare(out): $1.5 Billion U.S Taxpayer Loan At Risk For Another Green Energy Boondoggle
The list of failed U.S. taxpayer-funded green energy projects just keeps growing.
It is now being embarrassingly reported that the gigantic Ivanpah solar farm, which Google and NRG received huge subsidies for, is not producing the amount of energy contracted for.
The wealthy investors in the project are now requesting an extension of the time needed to prove the farm's output can even meet minimum levels agreed upon.
As this failed boondoggle is proving for U.S. taxpayers, sustainable, efficient and affordable green energy is not easy nor cheap. Deriving energy from the Sun is not "free" as activist proponents of non-fossil fuel sources claim.
And it's not only the U.S. that continues to experience terrible results from subsidized-green projects designed to enrich wealthy investors - here are recent examples of Australia and Spain, plus the ever-growing German Energiewende flop.
As has been well documented from multiple public sources over recent years, the establishment elites of power and wealth continue to easily waste taxpayer billions on questionable politically correct energy sources, instead of focusing those dollars for the basic research needed to make green energy a viable self-standing possibility.