At the start of the project "we shared the attitude of many stalward environmentalists. We felt that with steady improvements to today's renewable energy technologies, our society could stave off catastrophic climate change. We now know that to be a false hope, but that doesn't mean the planet is doomed."
A Fox News headline recently reported that the “World’s largest solar plant applying for federal grant to pay off federal loan.” The wealthy investors in a California solar plant, the Ivanpah solar plant, owned by Google and the renewable energy giant, NRG, not only received a $1.6 billion construction loan from U.S. taxpayers, but they are now requesting a $539 million grant to pay off their loan!
La Jeunesse reported, “the plant produced only about a quarter of the power it’s supposed to, a disappointing 254,263 magawatt-hours of electricity from January through August, not the million megawatt-hours it promised.”
Where solar leaves off, wind energy has been tapping taxpayers by means of the wind energy Production Tax Credit, (PTC) a form of welfare for wind energy companies. The Institute for Energy Research released a white paper in November noting that “A two-year extension will cost $13.35 billion, which is enough to pay 124 million Americans’ monthly electricity bills.”