I remember this going poorly in SimCity 2000

On one hand: this will reduce the Sunshine reaching earth which will lead to lower temperatures despite the added insulation from the CO2 in the air. On the other hand: this will be the first of many blocking out the sun beneath them. Since the Collector station needs to be so large, many satellites will be pointed to the same stations, clustering in space and create dark spots on land. Guess where the rich won’t be living…