What I say IS true. It's pretty silly to try to disprove something from a lack of secondary effects that YOU identify.
Besides, there obviously IS a lot of private money going into alternative energy projects. Just look at the Ivanpah solar project we've been talking about. The government provided nothing more than a loan guarantee. The $2.18 billion in investment capital that built the place all came from private pockets.
You name Ivanpah, I name Solyndra.
There isn't a big push for alternative sources because it really isn't financially viable for the average American. There really isn't a cost savings for solar energy right now, Abe. Once purchased and set up the solar panels are weathered to the point of replacing before the initial investment has been recouped.
As for your Ivanpah Solar project.....
MARKETS More: Solar Renewable Energy
California's Record-Breaking New Solar Plant Is Already Irrelevant
ROB WILE
FEB. 18, 2014, 11:40 AM 29,756 64
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Last week, dozens of people, including Google energy chief Rick Needham and Energy Secretary Ernest Moniz, trekked out to the California-Nevada border in the middle of the Death Valley to dedicate what is believed to be the world's largest solar thermal facility in the world.
At 392 megawatts, the Ivanpah solar thermal plant will be able to power 140,000 homes — the equivalent of all of Newark (averaging two people per household).
We covered the project when BrightSource, the main developer behind the project, first put up a stunning 3-D tour of the site.
But for all its scale and beauty, in terms of the future of renewables, Ivanpah is already irrelevant.
Solar thermal creates electricity by using mirrors to direct intense amounts of heat at a centralized collector, which is used to heat a substance like water to create steam power. Solar photovoltaic, meanwhile, directly converts solar energy into electricity through semiconductors.
If solar thermal sounds unnecessarily complicated, you're right. Solar photovoltaic has seen explosive growth in the past few years thanks to plummeting material costs, state incentives, and eco-conscious homebuyers putting up panels on their roofs. But solar thermal growth has stalled, and is expected to continue to do so. Ivanpah cost $2.2 billion. Warren Buffett paid the same amount for the world's largest photovoltaic plant just up the road outside Bakersfield. That plant will generate 1.5-times as much power as Ivanpah.
As the New York Times' Diane Cardwell and Matt Wald wrote Friday, Ivanpah probably represents an end, not a beginning.
Read more:
Ivanpah Solar Plant Already Irrelevent - Business Insider