Another Taxpayer Funded $825 Million Solar Loan Going to Waste

Posted: Feb 14, 2012 8:06 AM

Solyndra? Let's try Genesis. In Southern California, federal and state governments have been working to expedite a solar project in order to satisfy President Obama's solar agenda. The problems that could derail the $825 million taxpayer funded project? Kit foxes and an ancient burial site.

The $1-billion Genesis Solar Energy Project has been expedited by state and federal regulatory agencies that are eager to demonstrate that the nation can build solar plants quickly to ease dependence on fossil fuels and curb global warming.

Instead, the project is providing a cautionary example of how the rush to harness solar power in the desert can go wrong — possibly costing taxpayers hundreds of millions of dollars and dealing an embarrassing blow to the Obama administration's solar initiative.

Genesis had hoped to be among the first of 12 approved solar farms to start operating in Southern California deserts. To do so, it had to meet certain deadlines to receive federal assistance. The 250-megwatt plant, being built on federal Bureau of Land Management land 25 miles west of Blythe, is backed by an $825-million Department of Energy loan guarantee.

Native Americans, including the leaders of a nearby reservation, are trying to have Genesis delayed or even scuttled because they say the distemper outbreak and discovery of a possible Native American cremation site show that accelerated procedures approved by state and federal regulators failed to protect wildlife and irreplaceable cultural resources.

The problems threaten the entire project, said Michael O'Sullivan, senior vice president of development for Florida-based NextEra Energy Resources, one of the largest renewable energy suppliers in North America and the builder of Genesis. The project is to start producing power by 2014. If too many acres are deemed off-limits to construction, "the project could become uneconomical," O'Sullivan said.

Clearly, the DOE loans the Obama Administration has approved for solar companies aren't working and they're throwing hard earned taxpayer dollars down the drain. The idea that solar is being pushed to combat global warming is also pathetic considering many global warming "scientists" have accused of fraud and making up the entire global warming narrative.