In Boulder City, [NV] however, renewables have produced no lower energy costs. Instead, in late 2009, the city approved a 35 percent rate hike, while power generated by Copper Mountain is to go to Southern California — rather than serve Nevadans whose taxes helped finance the plant.
The solar energy is being sold by Sempra to California, which has mandated that 33 percent of the state’s energy must come from renewable sources by 2020.
Read more (and it’s short) here.
5 fulltime employees is all they have. And the Nevada tax payers have subsidized this thing to see nothing in return! And they will never see their money returned on this either:
according to the U.S. Department of Energy, solar-PV energy will cost three and a half times more than energy from traditional sources such as coal.
This is nothing more than another Solyndra on a little smaller scale and Obama will be there this week to “tout” his great alternative energy source – to an audience of 5, plus a gaggle of adoring reporters.
I’m going to do some digging later on because I believe that Harry Reid’s son (you might remember that he’s the one – Rory Reid – who ran for governor and never used his last name on one campaign poster) has some interest in this company. Nevada received “$1Billion in stimulus funds” and it’s hard to believe that the Reid family didn’t benefit financially from this, in some form or another. If I’m not mistaken, during Rory’s campaign it was uncovered that he did in fact, make some money off of this— but I could be wrong.