Guest post by Albert Parker
It is in the news, as expected Crescent Dunes, the world largest concentrated solar power plant featuring 10 hours of molten salt thermal energy storage, just went bust.
The electricity produced, as usual not even when needed but mostly when the sun was shining (and often not even when there was sun) is very well known, as the EIA data are also proposed by Wikipedia in a synthetic table.
Thanks to the savvy energy administrators of the Obama era, the US taxpayers have thus paid unpredictable electricity from the sun 2.38 $ per kWh.
It was expected from Crescent Dunes a production in excess of 500,000 MWh per year over 25 years, or 12,500,000 MWh, of fully dispatchable (or sort of) electricity at a cost of 0.08 $ per kWh.
Taxpayers of other countries of similarly savvy energy administrators, South Africa, Chile and Australia, were just spared the blood bath by the lack of any investor willing to contribute off his/her pockets additional money to the money the taxpayers were forced to contribute.