“Fast Moving Clouds”: The Latest Excuse for a Government Funded Solar Bankruptcy
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“Fast Moving Clouds”: The Latest Excuse for a Government Funded Solar Bankruptcy
Guest essay by Eric Worrall
h/t JoNova – What do you say when the government demands to know what happened to all the public money they lent to your failed solar business?
‘Fast-moving clouds’: How CS Energy’s Kogan Creek Solar Boost project failed
MAY 21 2017
Mark SolomonsIt was supposed to supply cheaper, greener energy to up to 5000 homes but after six years and tens of millions of dollars, a cutting-edge solar energy project has produced nothing other than a large taxpayer-funded pile of scrap.
Three thousand solar panels sit unused on a concrete pad after the pioneering Kogan Creek Solar Boost project was shelved due to rusting pipes and “rapidly moving clouds”.
Now the site’s manager alleges the Commonwealth and Queensland governments breached their contractual requirements by never inspecting the doomed $105 million project.
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Read more: http://ift.tt/2qFFgSR
Who could have predicted that clouds might scud rapidly across a subtropical sky, or that non-stainless steam pipes might be at risk of going rusty?
via Watts Up With That? http://ift.tt/1Viafi3
May 24, 2017 at 01:36AM
