Yes, let's "hear it." Read here.
It's a long article, but it clearly shows huge companies literally sitting on this gold mine of solar energy, not letting it get produced. As to WHY they are not producing it, that question remains up in the air.
It's a long article, but it clearly shows huge companies literally sitting on this gold mine of solar energy, not letting it get produced. As to WHY they are not producing it, that question remains up in the air.
Wall St. firm behind slow solar pace on federal lands?
Goldman Sachs subsidiary bought lots of leases — but hasn't used them
By Jason Dearen -- Associated Press -- 9/1/2010
ROACH DRY LAKE, Nev. — Not a light bulb's worth of solar electricity has been produced on the millions of acres of public desert set aside for it. Not one project to build glimmering solar farms has even broken ground.
Instead, five years after federal land managers opened up stretches of the Southwest to developers, vast tracts still sit idle.
An Associated Press examination of U.S. Bureau of Land Management records and interviews with agency officials shows that the BLM operated a first-come, first-served leasing system that quickly overwhelmed its small staff and enabled companies, regardless of solar industry experience, to squat on land without any real plans to develop it.
At a time when the nation drills ever deeper for oil off its shores even as it tries to diversify its energy supply, the federal government has, so far, failed to use the land it already has — some of the world's best for solar — to produce renewable electricity.
Nowhere is this more evident than in Nevada, where a Goldman Sachs & Co. subsidiary with no solar background has claims with the BLM on nearly half the land for which applications have been filed, but no firm plan for any of the sites....
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