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by titzer
1056 days ago
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Ivanpah (https://en.wikipedia.org/wiki/Ivanpah_Solar_Power_Facility): $2.2 billion for 392 megawatts, including a $1.6 billion federal loan guarantee. It'll be profitable (yay!) ..but that'd pay for 100,000 - 200,000 residential solar panel installs that would primarily benefit...residential homeowners. That'd be a ton of jobs, too. And there'd be no power-company profits. We could crunch numbers on how much more efficient a utility-scale plant is, but look at the reality of who ends up with the money and the profits and who has to keep paying the same damn power bills. |
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With the benefit of hindsight, Ivanpah should never have been built, but at the time both CSP and PV looked competitive, and so it made sense to invest in both. Now it does not.