Solar

Another solar business is in trouble. The world’s largest solar plant Ivanpah Solar Generating System cannot produce the projected amount of electricity and in spite of burning natural gas to increase its production it cannot pay back the loans it received from the government. It is now asking for an additional 500 million in grants. One of the reasons given is that there was less sun than projected. I don’t know who did the projecting but average annual sunshine for a given area is well established. After already receiving a controversial $1.6 billion construction loan from U.S. taxpayers, the wealthy investors of a California solar power plant now want a $539 million federal grant to pay off their federal loan.