Reason Foundation

IVANPAH, WORLD'S BIGGEST SOLAR PLANT, WANTS TAXPAYERS TO PAY OFF ITS DEBTS

 

By Miriam Raftery

November 11, 2014 (San Diego’s East County) –Owners of Ivanpah, the world’s biggest concentrated solar energy facility, borrowed $1.6 billion from the federal government to build the project in the Mojave Desert. Now they are seeking a $539 million federal grant to pay off that debt.  In other words, they want taxpayers to pay off their loan that was also funded by U.S. taxpayers.