NY Power Authority decides against off-shore wind turbines

Posted on September 27, 2011 by morgan

So, if the wind business is such a great deal … why don’t private investors jump in to cover the cost?

“we could not come up with a way to lower the subsidy to the point where it would be affordable to the authority or to customers.” The annual subsidy for a modest-sized 150-megawatt offshore project would have been $60 to $100 million a year

Hmmm …  I think I get it!

This entry was posted in industrial wind failure, Wind Power subsidies and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s