Opinions
Scuttled wind farm project was a billion-dollar boondoogle
It was pretty clear all along that building a wind farm in the waters of Lake Erie or Lake Ontario would be way too expensive.
What we didn't know until last week was that it wouldn't just be way too expensive: It would have been a boondoggle of epic proportions.
October 2, 2011
by David Robinson
in The Buffalo News
It was pretty clear all along that building a wind farm in the waters of Lake Erie or Lake Ontario would be way too expensive.
What we didn't know until last week was that it wouldn't just be way too expensive: It would have been a boondoggle of epic proportions.
When the New York Power Authority formally pulled the plug Tuesday on the offshore wind farm project, NYPA officials said it wasn't "fiscally prudent" because even a 150-megawatt project - on the small side of the agency's guidelines-would require subsidies of $60 million to $100 million a year. That was two to... [continue via Web link]
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