World’s largest solar plant applying for federal grant to pay off federal loan. Google owns part of this, they should pay it off not the taxpayers or ratepayers. Talk about a screw-job, this makes Solyndra look like a kid stealing a candy bar.
The Ivanpah solar electric generating plant is owned by Google and renewable energy giant NRG, which are responsible for paying off their federal loan. If approved by the U.S. Treasury, the two corporations will not use their own money, but taxpayer cash to pay off 30 percent of the cost of their plant, but taxpayers will receive none of the millions in revenues the plant will generate over the next 30 years.
Hopefully come January this shit will stop.
