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Settlement reached in failed solar project

Crescent Dunes Solar Energy Project
Crescent Dunes Solar Energy Project(KOLO-TV)
Published: Jul. 30, 2020 at 1:56 PM PDT
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LAS VEGAS (AP) - Federal officials have announced a settlement to recover $200 million in taxpayer funds from Tonopah Solar Energy in a solar project that never showed a profit.

The $1 billion Crescent Dunes Solar Energy Plant, which received $737 million in loan guarantees in 2011, has been shuttered since April 2019. U.S. Department of Energy spokeswoman Shaylyn Hynes told the Review-Journal that the deal still must be approved by a bankruptcy court.

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