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Monday, October 19, 2009

Mailbag: Jim Writes; Wind: Memories of the .com era

This whole wind energy think reminds me of the .com days. Companies sprouted up overnight. They paid $10.00 for something sold it for $6.00 and offered free shipping. There was so much money coming in the back door from investors to cover the lost sales nobody cared. The same thing is happening with wind turbines, Tax incentives and grant money are so plentiful nobody cares how much a turbine actually costs. No one cares that there will never be a return on the initial investment. When the money dries up, and it will, these gold rush turbines will be standing all over the place rusting with no money to repair or decommission and take them down.



Check this out, another Wisconsin wind farm is flipped. Of course this will not have any effect on our electric rates.



http://greenstockscentral.com/fpl-group-subsidiary-fpl-to-buy-babcock-brown-wind-farms-2259.html



http://www.crh.noaa.gov/mkx/?n=windfarm



Jim

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