A Gold Rush of Subsidies in Clean Energy Search
New York Times
By ERIC LIPTON and CLIFFORD KRAUSS
Published: November 11, 2011
...The government support — which includes loan guarantees, cash grants and contracts that require electric customers to pay higher rates — largely eliminated the risk to the private investors and almost guaranteed them large profits for years to come. The beneficiaries include financial firms like Goldman Sachs and Morgan Stanley, conglomerates like General Electric, utilities like Exelon and NRG — even Google...
..."It is like building a hotel, where you know in advance you are going to have 100 percent room occupancy for 25 years," said Kevin Smith, chief executive of SolarReserve....
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Full article: http://www.nytimes.com/2011/11/12/business/energy-environment/a-cornucopia-of-help-for-renewable-energy.html?_r=1&pagewanted=all (http://www.nytimes.com/2011/11/12/business/energy-environment/a-cornucopia-of-help-for-renewable-energy.html?_r=1&pagewanted=all)
Well i still believe that if it wasn't profitable enough for the companies to invest their own money then it isn't profitable enough for us to have to pay for it. ONE PRIME EXAMPLE is the railroad.
Right!
It's probably true that the electric rate payers are subsidizing the Wind Farm in Elk County too.
It seems like I read that some of the Elk Wind Farm money is to be used to buy "conservation easements".
Just more government programs that should never be allowed in this country.
The govrnment continues to take away our liberty with these subsidies. Let's stand for liberty, not ethanol and Wind Farms.