Ivanpah, a solar power facility in the Mojave Desert. Fifteen years ago they got a $1.6 billion loan from the Department of Energy. Now 11 years later, the facility is closing.
Most educated folks should know by now that the so-called “renewables” are just completely unsatisfactory for large scale uses. They may be very good for small scale uses, however, that don’t have to be 100% reliable in day to day usage. I’m wondering though if they can be financially feasible for such uses.
Most of those “clean” projects are so expensive, they cannot even pay the interest on their loans!
In engineering economy terms, you will never invest for something which can’t even pay for its own interest!