Franklin Pierce
Well-Known Member
- Joined
- May 4, 2014
- Messages
- 27,536
- Likes
- 31,753
'Financial Boondoggle and Environmental Disaster': Billion-Dollar Solar Project, Once a Green Energy Symbol, Moves Toward Closure

A massive Obama-era solar power plant is on the path to shutting down as President Donald Trump works to unwind federal green energy initiatives.
Two of three units at the Ivanpah solar power plant, near the California-Nevada border, may cease operations next year after Pacific Gas & Electric announced last month that it would no longer purchase power from the facility. The plant opened in 2014, having received $1.6 billion in loan guarantees from then-president Barack Obama's Department of Energy. Then-energy secretary Ernest Moniz praised the project, describing it as "a shining example of how America is becoming a world leader in solar energy."
The plant, however, has struggled to deliver on its electricity targets, leading Republicans to criticize it as well as the DOE's loan program for bankrolling costly green energy projects. Trump, who repeatedly tried to ax the loan program during his first term, has declared a national energy emergency and reversed the Biden administration's electric vehicle targets. The president also ordered a freeze on unspent funds from the Inflation Reduction Act, which allocated significant resources to climate initiatives.

'Financial Boondoggle and Environmental Disaster': Billion-Dollar Solar Project, Once a Green Energy Symbol, Moves Toward Closure
A massive Obama-era solar power plant is on the path to shutting down as President Donald Trump works to unwind federal green energy initiatives.
