California Utility Ending Agreement with Ivanpah Solar Plant
A California utility is ending its agreement to buy power from a giant solar farm in the Mojave Desert due to cheaper alternative clean energy sources, leading to the closure of parts of the plant. Other renewable energy technologies have become more cost-effective than the concentrated solar power used at the plant.
Key Points
- California utility ending contract with Ivanpah Solar due to cheaper clean energy alternatives
- Closure of two units of the solar plant in 2026
- Transition to more cost-effective renewable energy technologies
Pros
- Transition to cheaper and more efficient renewable energy sources
- Potential for repurposing the site for other renewable energy production
Cons
- Closure of parts of the world's largest solar plant
- Impact on jobs and local economy