Obama’s Multi-Billion Dollar Solar Power Plant Goes Bust. Another one bites the dust. Barack Obama’s Ivanpah Solar Electric Power Plant has officially failed and will begin shutting gone operations early 2026– $1.6 BILLION in federal loans– $535 MILLION grant– $600 MILLION tax credit– MASSIVE investor write-offsA SCAM paid for by US Taxpayers for NOTHING pic.twitter.com/l5LuTra55k— Wall Street Apes (@WallStreetApes) April 12, 2025 But please, keep telling me how solar and wind are so “cheap.”