Energy experts blast failed billion-dollar DOE project as 'financial boondoggle,' 'disaster'
The Obama administration gave Ivanpah $1.6 billion in loan guarantees
Aubrie Spady By Aubrie Spady Fox News
Published February 9, 2025 4:00am EST
Energy secretary warns against treating climate change as 'political football': 'Slow-moving problem'
Energy Secretary Chris Wright joined 'America's Newsroom' to discuss how he will implement his top priorities under President Donald Trump, the 'most alarming' energy data and the best approach in handling climate change.
A major solar power plant project that was granted over a billion dollars in federal loans is on the road to closure, with energy experts blasting the project as a "boondoggle" that harmed the environment.
In 2011, the U.S. Department of Energy (DOE) under former President Barack Obama issued $1.6 billion in loan guarantees to finance the Ivanpah Solar Power Facility, a green energy project that consists of three solar concentrating thermal power plants in California.
The facility was touted by then-Secretary of Energy Ernest Moniz as an "example of how America is becoming a world leader in solar energy." But after 10 years, the federally funded plant is now on track to close.
https://www.foxnews.com/politics/energy-experts-blast-failed-billion-dollar-doe-project-financial-boondoggle-disaster
