NY Power Authority decides against off-shore wind turbines

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.

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