“A major solar power plant project was granted over a billion dollars in federal loans is on the road to closure, with energy experts blasting the project as a “boondoggle” that harmed the environment
I wasn't aware that the project development team supported abandoning the technology back in 2012!
..."But other employees at BrightSource realized that PV was leaving them in the dust. They predicted that even lower-cost, next-generation CSP would lose to PV because the Chinese manufacturing boom was driving down the cost of crystalline silicon cells so dramatically. The costs of BrightSource’s technology was dropping from around $5 per watt to below $4, while PV was nearing $2.50 and dropping fast, Woolard said. It was a dynamic that made it difficult to secure new power purchase agreements or follow through on existing contracts.
So in 2012, their development team proposed an alternative path: repurpose their existing land and power purchase agreements for PV...."
Those power purchase agreements had very favorable time of delivery factors! Pity they didn't get renegotiated.
The green scam needs tax subsidies is not reliant nor environmentally friendly….
I wasn't aware that the project development team supported abandoning the technology back in 2012!
..."But other employees at BrightSource realized that PV was leaving them in the dust. They predicted that even lower-cost, next-generation CSP would lose to PV because the Chinese manufacturing boom was driving down the cost of crystalline silicon cells so dramatically. The costs of BrightSource’s technology was dropping from around $5 per watt to below $4, while PV was nearing $2.50 and dropping fast, Woolard said. It was a dynamic that made it difficult to secure new power purchase agreements or follow through on existing contracts.
So in 2012, their development team proposed an alternative path: repurpose their existing land and power purchase agreements for PV...."
Those power purchase agreements had very favorable time of delivery factors! Pity they didn't get renegotiated.
https://www.latitudemedia.com/news/a-former-concentrated-solar-ceo-on-why-the-industry-failed-to-launch/
I believe the mirrors on this type of plant is a maintenance nightmare.