The Crescent Dunes solar plant in Nevada received $737 million in loan guarantees from the federal government in 2011, and officials hailed it as the future of solar energy. But Bloomberg News reports the plant had already been rendered technologically obsolete by time it opened in 2015. It hasn’t produced energy since April 2019 and lost its only customer late last year. But taxpayers remain on the hook for the loan guarantees.
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