The AZ Republic has an article today entitled, "Interest grows for solar plant at city landfill." It is telling who is interested:
It's a sign of the growing interest in Arizona's renewable-energy market, as solar manufacturers, civil engineers, investors and attorneys showed enthusiasm for the $1 billion project
I am quite sure that a number of solar engineering firms and parts manufacturers are interested feeding off a billion dollar project. Now, the article tries to anticipate my concern about this being a government pork-fest by saying the project "would be financed and built by the private sector." This is an odd statement given this note a couple of paragraphs later:
That would help the solar company meet a strict deadline to apply for hundreds of millions of dollars in federal stimulus funds....
the economic-stimulus package provides grants of up to 30 percent of construction costs if companies can break ground by December 2010, said Brian Rasmussen of California-based BrightSource Energy Inc., a potential bidder.
So the billion dollars is privately financed, except for the real estate provided by the city and the $300 million in federal government funds and a gauranteed above-market subsidized purchase price for the power from the public utility plus any number of other government subsidies and incentives to be named later (such as government municipal bond financing).