The partially taxpayer-funded Ivanpah Solar Power Facility in California’s Mojave Desert is set to shut down in 2026 due to inefficiency in generating solar energy, according to the New York Post.

The $2.2 billion plant, which features three 459-foot towers, was greenlit in 2010 and completed in 2014. According to the New York Post the closure stems from the site being “outpaced by solar photovoltaic technology” and proving both inefficient and costly. The shutter of the site comes more than a decade ahead of its original 2039 end date, according to the Associated Press.

Speculation about Ivanpah’s early closure began in January, when Pacific Gas & Electric announced an agreement with the plant’s owners to terminate its contracts.

“Ivanpah Solar was built when developers were investing in many different types of clean energy. The goal was to find efficient and affordable technologies to reduce the need for greenhouse gas-emitting fossil fuels,” PG&E wrote in a January press statement.

“The technology had worked on a smaller scale in Europe. Spain had several concentrating solar projects of up to 20 megawatts. In the 2000s and 2010s, various private companies invested in large-scale concentrating solar power in the United States. But over time, solar photovoltaic technology raced ahead of its rival in affordability,” the press statement continued.

Hailey Gomez, Daily Caller