Monday, February 15, 2010

Wind power a bubble that bursts as soon as the taxpayers' money dries up

In early 2009 the Socialist government of Spain reduced alternative energy subsidies by 30%. Calzada continues:

"At that point the whole pyramid collapsed. They are firing thousands of people. BP closed down the two largest solar production plants in Europe. They are firing between 25,000 and 40,000 people...."

"What do we do with all this industry that we have been creating with subsidies that now is collapsing? The bubble is too big. We cannot continue pumping enough money. ...The President of the Renewable Industry in Spain (wrote a column arguing that) ...the only way is finding other countries that will give taxpayers' money away to our industry to take it and continue maintaining these jobs."

That "other country" is the United States of America.
Waxman-Markey seems dead, and Europe's southern periphery is bankrupt. But the wind-subsidy proposals being floated in Congress suggest that American political leaders have yet to understand that "green power" means generating electricity by burning dollars.

Elsewhere in the article:

"California's wind farms -- then comprising about 80% of the world's wind generation capacity -- ceased to generate much more quickly than Kamaoa. In the best wind spots on earth, over 14,000 turbines were simply abandoned. Spinning, post-industrial junk which generates nothing but bird kills."

Posted via email from Garth's posterous

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