The plan to auction rights to federal land across the West for solar-power plants got off to a rocky start Thursday when no bidders showed up for the first auction in Colorado. Uncertainties about the solar market and federal rules probably were major factors in the auction’s failure, industry officials said.
Five companies had filed preliminary applications for the three San Luis Valley parcels, and there were another 27 inquires about the sites, according to Bureau of Land Management officials. Based on that interest, officials scheduled an auction at the BLM Colorado office in Lakewood for the 3,700 acres of valley land.
What do you see missing in that sentence about uncertainty and failure? That without massive government subsidies -which the article says were there in the form of ludicrously low prices – this tuff is simply not viable. And even with this stuff, there isn’t anyone taking the bait.
“In this particular case, there’s an added issue which may have prompted developers to take a pass on the Colorado lease sale,” Johnson said. “The ground rules are still very much in question. To date, BLM has yet to finalize any regional mitigation plans. Frankly, it’s not smart business to commit to something until you’ve read the fine print.”
Man, wish they had done this for Obamacare….