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The Wind Does Not Always Blow Freely- The Economics of Industrial Wind Energy
February, 2007
by Hugh T. Kemper, Londonderry (VT)
For those who think developers' feverish promotion of wind energy is about saving the planet, think again. The old adage follow the money explains their zeal much more than do its purported benefits. Worse, the enormous investment returns available to wind developers for an unreliable energy source that offers negligible emissions benefits stem largely from federal and state subsidies paid for by taxpayers and rate payers. Go figure.