The world’s largest solar power plant opened this week in Southern California and while some are applauding the operations, others are not. The 550-megawatt Desert Sunlight solar project is in the town of Desert Center, California. That’s near the Joshua Tree National Park. Officials say the project generates enough electricity to power 160,000 homes, USA Today reported.
Desert Sunlight is owned by three mega-million dollar corporations, and yet they are given TAXPAYER money as loan guarentees to invest in this project. A similar project in Nevada has not lived up to its hype for power production. The reason given for its underperformance was it was cloudy. Most of these ‘green energy initiatives’ are not profitable businesses therefore in order to entice mega-million dollar businesses to invest in a loosing project is to guarentee them TAXPAYER funded loans. If the companies fail the taxpayer will be given the bill. Heck I would start a business if I had the guarentee of the federal government that someone else was going to pay for it if it failed.
How much more of this crony-capitialism are we going to take? Remember for every dollar the federal government gives to these multi-million dollar corporations is one less dollar you have to provide for your family. We have to work very hard for the dollars we earn, we do not have a deep pocketed sugar daddy handing us millions of dollars to line our pockets with.