Posted on 12/21/2020 11:30:01 AM PST by Hojczyk
The financial tale of the Crescent Dunes solar plant in Nevada is one of epic levels of government incompetence and mismanagement of taxpayer dollars.
The Crescent Dunes solar plant received $737 million in guaranteed loans from the Obama administration as part of the 2009 economic stimulus, which included a settlement with the Department of Energy that left the American taxpayers liable for nearly $235 million in outstanding debt. The plant received an additional $275.6 million from the Treasury Department in 2017 as part of the Treasury Department's 1603 program, which allows payments to made for specified energy properties in lieu of tax credits.
The initial promise of the Crescent Dunes solar plant was to generate solar power even when the sun is hidden behind the clouds, or when it’s dark. The proposed method to solve this problem was to use molten sand to harness and retain the heat from the sun and use it to produce steam, thereby generating power from the plant all the days of the week and hours of the day. But it never quite worked as well as the science projected.
Then, last year, the plant’s molten salt tanks experienced what was described as a “catastrophic failure,” that rendered the groundbreaking plant inoperable. Recently, that one Nevada utility company terminated its contract with the plant, meaning Crescent Dunes no longer has even a single buyer for the power it is theoretically capable of generating.
(Excerpt) Read more at justthenews.com ...
How many solar farms would have failed if Solyndra would have gone into full scale production.
How many solar farms would have failed if Solyndra would have gone into full scale production.
FWIW, solar power is not feasible for utility grade power generation.
Just think if the states decided they will not send this money to DC..only for a few things...we will spend are own money ...the state collects money due the IRS..the IRS gets nothing but what the state sends for its upkeep,,it is up to each state...
The only way to drain the swamp is get the money out of DC
obumbles’ attempt to bankrupt the USA with plausible deniability.
275 million on black at a roulette wheel in Vegas would be a sure winner.
They told us that the sun was shining at night and received hundreds of millions of dollars and left us a big mess to clean up.
Good work if you can get it.
How many houses did Obama get out of this baloney?
“ The plant received an additional $275.6 million from the Treasury Department in 2017...”
The “Treasury Department” should have never had the power to spend $275.6 million without the approval of Congress and the president.
The brainwashed dupes who demand and vote for green schemes pushed by liberal, socialist communist Democrats and the businesses that end up getting gov’t. money for these failed projects just ignore any news that the projects fail.
California is all into green but ends up living under recurring electric outages.
I bet $500 million could get a nuke into production.
Nukes are the only real ‘green’ energy.
$737 million in guaranteed loans from the **Obama** administration as part of the 2009 economic stimulus.
As Biden would say he’s one of the smartest men I know.
Only a half billion?
Barely worth all the vacation packages needed to win those contracts. psh
“The initial promise of the Crescent Dunes solar plant was to generate solar power even when the sun is hidden behind the clouds, or when it’s dark. The proposed method to solve this problem was to use molten sand to harness and retain the heat from the sun and use it to produce steam, thereby generating power from the plant all the days of the week and hours of the day. But it never quite worked as well as the science projected.”
No, that is not science at all. Typical green/climate change BS. (not the article, the premise) Geez, the guys who promulgated the solar scams during 0bama’s term made out like frickin bandits.
If you think you can get more energy into an object by heating it versus supplying it with electric current, try dropping a light bulb into a pot of boiling water. Try welding with a magnifying glass versus an electrode delivering 200 amps. Oh, you can melt sand with solar power, for sure. Though sand would be a goofy medium to use. Just don’t think you can get anything near the amount of energy out of it that you put in. Something about the laws of thermodynamics. Molten sand, yeah right.
I will take crack pot idea for $500 Alex....
Could of, and should of built a coal plant for that much money.
What ever happened to the solar melted thorium salt (extreme heat) steam generating power plants?
“catastrophic failure”
Seems common place today to hear about things the government run ending up like this.
How much of the FeGov $ wound up in the Dem party coffers?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.