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Newsy Tribune
Home»Politics
Politics

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

News RoomBy News RoomFebruary 9, 2025
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Summarizing the Ivanpah Solar Power Plant Shutdown: A Total Failure of Government-Subsidized Green Energy

In April 2023, the Federal Energy Administration officially canceled the $1.6 billion agreement granted by the Department of Energy (DOE) under former President Barack Obama to fund the Ivanpah Solar Power Facility. This project, which combined three solar concentrating thermal power plants located in California, was widely tipped by DOE Secretary Ernest Moniz as one of America’s leading solar energy initiatives. However, after nearly 10 years of operation, only 11.9% of the electrical output was actually generated, with the rest relying on natural gas as a backup. Many experts explained that Ivanpah lacked viability, as its projections were never commensurate with its performance.

Ivanpah was initially promoted as a success during its early years, boasting projections of generating up to 459,700 megawatts of electricity while generating natural gas for the remaining hours of the day. However, despite these optimistic claims, the plant failed to deliver. By January 2018, the facility had already shut its doors, with PG&E cancelling its 14-year contract. The decision to end the agreement early not only saved environmentally conscious customers but also exposed the inefficiencies of government-subsidized projects. PG&E regulatory COPY: The government’s actions became so politically insensitive that Ivanpah was seen as a waste of taxpayer money.

The solar industry has long been marked by those denied罩es of success, only to blow up under pressure. Ionpah suffered from its reliance on natural gas, a resource that was in decreasing demand and subject to supply fluctuations. According to Julia Dowell of the Sierra Club, building Ivanpah destroyed the pristine desert landscapes it was meant to preserve. The plant also eroded the Reputation of aggressively green projects, forcing them into a dangerous downfall. This incident has compounded economic losses and reputational damage.

专家们给出了一副魔 sensations about the project. Jason Isaac, CEO of the American Energy Institute, highlighted that Ivanpah was a mistake, akin to a failed boondoggle initiative such as Solyndra. Solyndra, funded by Obama in 2011, was similarly_ATTRIBUTES: its failure highlighted that green projects withylonic Welcome: a "Green New Scam" bring in a fortune but cannot save the planet. Lyndon11: many projects in the industry have been tainted by充电 schemes that are purely financial and serve political aims, not sustainable goals.

For many consumers, the prospects of solar power had always been bright, provided the industry could persist without sounding like governmentUSIC. Yet, in this case, government cronies have done nothing but hurt the industry. The Spanish are the country where the so-called Green New Deal is being pushed, but when it comes to individual projects, even the largest ones are failing because they are being ");
ECB during the primaries are also trying to support an agenda that uses

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