Taxpayers, ratepayers will fund California solar plants
Driven by the Obama administration's vision of clean power and energy independence, the rush to build large-scale solar plants across the Southwest has created an investors' dream in the desert.Read more
#1 Sep 27, 2012
"The cost for decades to come will also be borne by ratepayers. Confidential agreements between solar developers and utilities lock in power prices two to four times the cost of conventional electricity. The power generated by the mega-plants will be among the most expensive renewable energy in the country."
If the agreements are truly "Confidential", then how can one say it will be two to four times the cost of conventional electricity? Compared to whose standard? ENRON? JP Morgan/Chase?
" Critics, however, say that despite the righteous goal of combating climate change, solar entrepreneurs are getting too much government money."
Wah,Wah,Waaahhhhh,my Chevron stock just lost share! The fossil fuel industry is an intrinsic 150 year old entity. How long does it need Government considerations like favorable land lease agreements, low interest loans, grants, to develop "new" technology. Technology used in countries that are not this Nation's friends.
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