Michelle Malkin | How did which auction for solar stamina rights about federal land go? «

October 26, 2013 0 Comments

**Written by Doug Powers

How several bids did the government receive about its land auction for solar power development?

Dean Wormer offers the brief answer:

From Fox News:

Federal officials are striving to figure out why the Bureau of Land Management’s first-ever auction of public land for solar-energy development failed to attract any bids.

According to the Denver Post, no bidders showed up for the initially auction for 3 parcels of land inside Colorado’s San Luis Valley, despite the reality five solar development firms had indicated interest inside the land.

Three parcels covering 3,700 acres inside so-called solar-energy zones were available about Thursday. The bureau has built 19 zones for big solar projects inside six Western states, surrounding almost 300,000 acres, the newspaper reported.

These types of auctions are a lot more active whenever folks have been provided someone else’s cash to invest.

The reasons there were no bids?

Industry officials attributed the auction’s failure to uncertainties regarding the solar power marketplace plus federal laws.

In alternative words, private investors aren’t biting considering it’s a actually, truly bad bet for a host of factors. Just the government might do anything which stupid, plus this shortage of private sector interest can be enough to remind another federally funded “green” drive.

The Obama management showing it usually lock persons from their businesses plus homes throughout occasions of the government shutdown couldn’t have assisted issues either, incredibly with another shutdown looming really about the corner.

**Written by Doug PowersTwitter @ThePowersThatBeblog comments driven by Disqus





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