According to sources, China’s State Grid Corp is in talks to purchase an 80% controlling interest in US based AES Corp’s wind business. A Reuters article stated that China’s “cash-flush state-owned power companies” are on a buying spree and, it seems to me, the US wind business is ready to sell.
This article follows on the heels of a REVE article which notes that the goal of China’s top wind power manufacturer -Goldwind – is to “build our platform in the Americas.” The article stated that the company motto of Goldwind is “globalization through localization.”
I’m not sure I even know how to ask this question but … is it really possible that our government is borrowing money from China in order to provide taxpayer funded subsidies to profit based wind businesses only to see the same “cash-flush” folks who own our debt then purchase US wind assets? Our politicians can’t really be that stupid … can they?
Well, the truth is, a fair number of them are … and that’s likely why China is “cash-flush!”
In fact, after the Production Tax Credit was eliminate from consideration due to our astounding and growing debt, Colorado Senator Bennet is trying to slip an amendment into a bill to insure his wind friends continue to receive taxpayer subsidies. Seems he’s fallen for the wind spin claim of “green jobs.”
Lisa Linowes of the Industrial Wind Action Group notes that the fate of the Bennet amendment #1709 to extend the PTC will ultimately be under the control of Harry Reid and Mitch McConnell.
If you want to stop this mis-use of taxpayer dollars, make your voices heard. Put pressure on your elected officials and specifically the Senate leadership:
- Sen. Mitch McConnell (R) Phone: (202) 224-2541 Fax: 202-224-2499
- Sen. Harry Reid (D) Phone: (202) 224-3542 Fax:202-224-7327
As this amendment is being considered now, your immediate attention is very important.
AT NOTE: AES holdings include the Laurel Mountain wind project in West Virginia, site of a recent massive bird kill. The Laurel Mountain Preservation Association is requesting the WV PSC to conduct a thorough investigation of the incident. We fully support their effort and request that readers contact the PSC to demand that this matter not be dropped. The PSC Case Number 12-0034-E-C. Please send your letters to Ms. Sandra Squire, Executive Secretary, Public Service Commission of West Virginia, P.O. Box 812, Charleston, WV 25323).
If it seems this whole wind mess is out of control, it is! And that’s just the way the wind lobby likes it.
Oh, and about that debt: