The Economics of Solar Power

The Economics of Solar Power

When the massive Ivanpah solar plant was finished in the Mojave Desert in 2014, it was touted as the future of solar power and a cutting edge approach to clean energy. The plant was the world’s largest solar thermal plant when it was built, spreading over 5 miles of federal land. It cost about $2.2 billion and received loan guarantees worth $1.6 billion from the U.S. Department of Energy. Now, barely over ten years later, it’s already closing.  …