A $1 Billion Solar Plant Was Obsolete Before It Ever Went Online
There is nothing wrong with solar energy. Your editor had solar panels on his house in 1985. But forcing taxpayers to back experiments like the one at Crescent Dunes is wrong. (And what do we now do with all the waste?)
SolarReserve may have done its part, but today the company doesn’t rank among the winners. Instead, it’s mired in litigation and accusations of mismanagement at Crescent Dunes, where taxpayers remain on the hook for $737 million in loan guarantees. Late last year, Crescent Dunes lost its only customer, NV Energy Inc., which cited the plant’s lack of reliability.