Tuesday, March 29, 2016

Taxpayers Are Footing Bill for Solar Project That Doesn’t Work

Knowing how much cash Google and others have, why the heck are the citizens having to foot the bill??
o Is owned by Google, NRG Energy, and Brightsource, who have a market cap in excess of $500 billion

o Received $1.6 billion in loan guarantees from the Department of Energy

o Is paid four to five times as much per megawatt-hour as natural-gas powered plants

o Is paid two to three times as much per megawatt-hour as other solar power producers

o Has burned thousands of birds to death

o Has delayed loan repayments

o Is seeking over $500 million in grants to help pay off the guaranteed loans

o Burns natural gas for 4.5 hours each morning to get its mojo going

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