And Finally: The Best-Laid Energy Plans
The Wall Street Journal, 17 January 2020
Government planning and subsidies will make America the world’s green-energy superpower, create millions of jobs, and supercharge the economy—or so we’re told. The reality is closer to Crescent Dunes, a Nevada solar-energy plant that has gone bust after receiving a $737 million federal loan guarantee.
Image: U.S. DOE/public domain
An inconvenient truth is that the sun sets each day, but the Obama Administration’s green planners had an app for that. They decided to invest in the Crescent Dunes facility that would use molten salt to store heat from the sun, produce steam, and generate electricity even at night. The utility NV Energy had already agreed to buy the electricity. Government support would carry the project to sunny success.
In September 2011, the Energy Department described how the 110-megawatt facility would “be the first of its kind in the United States and the tallest molten salt tower in the world,” powering more than 43,000 homes a year. The precedent was Solar Two, a small pilot plant decommissioned in 1999 that had shown it was technically feasible to use molten salt to store and generate power. But in a 2006 report the Energy Department said the 10-megawatt facility “was never expected to be a viable commercial-scale plant and, in fact, did not validate economic feasibility.”
No worries. It’s only taxpayer money, and the feds jumped into Crescent Dunes anyway. The Department of Energy finalized its loan guarantee on Sept. 23, 2011, a week before the federal loan program expired.
A month earlier Nevada had approved $119.3 million in tax abatements for Crescent Dunes over 20 years. The plant also received some $140 million in private investment.
Crescent Dunes began by missing the deadline established by its agreement with NV Energy, becoming operational months late. Commercial operations began in November 2015, but less than a year later the facility went offline because of a “massive leak in the hot salt tank,” according to SolarReserve, a partial owner of Crescent Dunes.
Through the first half of 2017 the plant generated no electricity and no sales, according to its disclosures to the Federal Energy Regulatory Commission. Yet in April 2017 the Department of Energy proclaimed Crescent Dunes a “success story” taken from “mirage to reality,” “a milestone for the country’s energy future,” and a global “blueprint for solar projects.”
In a fact sheet advertised as “up-to-date as of June 2017,” the Energy Department claimed Crescent Dunes was “operational” and projected energy generation of up to 482,000 megawatt hours a year. The plant never generated that much power in the entirety of its operations. An Energy Department spokesman declined comment.
Full story
The Wall Street Journal, 17 January 2020
Government planning and subsidies will make America the world’s green-energy superpower, create millions of jobs, and supercharge the economy—or so we’re told. The reality is closer to Crescent Dunes, a Nevada solar-energy plant that has gone bust after receiving a $737 million federal loan guarantee.
Image: U.S. DOE/public domain
An inconvenient truth is that the sun sets each day, but the Obama Administration’s green planners had an app for that. They decided to invest in the Crescent Dunes facility that would use molten salt to store heat from the sun, produce steam, and generate electricity even at night. The utility NV Energy had already agreed to buy the electricity. Government support would carry the project to sunny success.
In September 2011, the Energy Department described how the 110-megawatt facility would “be the first of its kind in the United States and the tallest molten salt tower in the world,” powering more than 43,000 homes a year. The precedent was Solar Two, a small pilot plant decommissioned in 1999 that had shown it was technically feasible to use molten salt to store and generate power. But in a 2006 report the Energy Department said the 10-megawatt facility “was never expected to be a viable commercial-scale plant and, in fact, did not validate economic feasibility.”
No worries. It’s only taxpayer money, and the feds jumped into Crescent Dunes anyway. The Department of Energy finalized its loan guarantee on Sept. 23, 2011, a week before the federal loan program expired.
A month earlier Nevada had approved $119.3 million in tax abatements for Crescent Dunes over 20 years. The plant also received some $140 million in private investment.
Crescent Dunes began by missing the deadline established by its agreement with NV Energy, becoming operational months late. Commercial operations began in November 2015, but less than a year later the facility went offline because of a “massive leak in the hot salt tank,” according to SolarReserve, a partial owner of Crescent Dunes.
Through the first half of 2017 the plant generated no electricity and no sales, according to its disclosures to the Federal Energy Regulatory Commission. Yet in April 2017 the Department of Energy proclaimed Crescent Dunes a “success story” taken from “mirage to reality,” “a milestone for the country’s energy future,” and a global “blueprint for solar projects.”
In a fact sheet advertised as “up-to-date as of June 2017,” the Energy Department claimed Crescent Dunes was “operational” and projected energy generation of up to 482,000 megawatt hours a year. The plant never generated that much power in the entirety of its operations. An Energy Department spokesman declined comment.
Full story
No comments:
Post a Comment
Climate Science welcomes your views/messages.