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So how did that auction for solar energy rights on federal land go?

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By Doug Powers  •  October 26, 2013 12:15 PM

**Written by Doug Powers

How many bids did the government get on its land auction for solar energy development?

Dean Wormer gives the short answer:

[youtube=http://www.youtube.com/watch?v=2V3CfD8TPac&w=390&h=293]

From Fox News:

Federal officials are trying 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 first auction for three parcels of land in Colorado’s San Luis Valley, even though five solar development companies had expressed interest in the land.

Three parcels covering 3,700 acres in so-called solar-energy zones were offered on Thursday. The bureau has created 19 zones for large solar projects in six Western states, encompassing nearly 300,000 acres, the newspaper reported.

These kinds of auctions are a lot more active when people have been given somebody else’s money to spend.

The reasons there were no bids?

Industry officials attributed the auction’s failure to uncertainties about the solar energy market and federal regulations.

In other words, private investors aren’t biting because it’s a really, really bad bet for a host of reasons. Only the government would do something that stupid, and this lack of private sector interest may be enough to prompt another federally funded “green” push.

The Obama administration demonstrating that it will lock people out of their businesses and homes during times of a government shutdown couldn’t have helped matters either, especially with another shutdown looming just around the corner.

**Written by Doug Powers

Twitter @ThePowersThatBe

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