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US wind turbines: Blame the Europeans - Or, blame the shortcomings of policy.
October 30, 2009 in Financial News
October 30, 2009 in Financial News
But if US wind turbine manufacturers want another foreign renewables contingent to worry about, there's always the Europeans. A study by non-profit group the Investigative Reporting Workshop found that 84 per cent of the $1.05bn handed out by the US government since September 1 has gone to foreign companies - mostly European.
It's not an overwhelmingly surprising finding given that the US subsidiary of Spain's Iberdrola Renovables - the biggest wind farm operator in the world - was also the biggest recipient of the funds. And big European turbine manufacturers such as Vestas have been quite clear that they see the US as their big growth market.
Also filed under [
Energy Policy|
USA]
The state shouldn't allow companies to build hundreds of windmills off the coast without first studying their effects on tourism, anglers and wildlife.
There's no bigger part of New Jersey's multi-billion dollar tourism industry than the shore.
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