Monday, December 05, 2011
"America’s Worst Wind-Energy Project"
Here's another alternative energy project that's not doing very well.
Oh, and by the way, it's burning up taxpayer dollars very quickly...
Oh, and by the way, it's burning up taxpayer dollars very quickly...
Robert Bryce includes this in his posting at NationalReview.com:
"The majority of the funding for the $1.9 billion, 845-megawatt Shepherds Flat wind project in Oregon is coming courtesy of federal taxpayers. And that largesse will provide a windfall for General Electric and its partners on the deal who include Google, Sumitomo, and Caithness Energy. Not only is the Energy Department giving GE and its partners a $1.06 billion loan guarantee, but as soon as GE’s 338 turbines start turning at Shepherds Flat, the Treasury Department will send the project developers a cash grant of $490 million."
