Obama-backed $2.2B green energy 'boondoggle' leaves taxpayers on the hook

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Experts weigh in on the future of the $2.2B Ivanpah solar plant as officials clash over whether it should remain open despite high electricity costs. SAN BERNARDINO, Calif. – Federal taxpayers helped build a $2.2 billion solar plant — now electricity customers are on the hook to keep it running. The Ivanpah Solar Power Plant, a sprawling facility near the California-Nevada border built with billions in federal support during the Obama-era economic stimulus program, is stuck in a costly dilemma. Both the Trump and Biden administrations — along with the utility company that buys its power — have sought to shut it down, saying it underperforms, produces expensive electricity and has been overtaken by cheaper energy sources. But California regulators have refused to allow it to close, warning that closing the plant could strain the power grid. The result