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Tax Breaks & Subsidies and Maine
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Wind power too expensive and unreliable to invest in right now
October 19, 2009 in Portland Press Herald
October 19, 2009 in Portland Press Herald
The romantic view of wind power is a stand of wind turbines atop a ridge gently spinning in a breeze generating clean electricity in place of an emission-producing power plant.
Another view is a natural landscape defaced by huge structures whose operation annoys its neighbors, produces power randomly and does not reduce pollutants because fossil-fueled plants continue to operate as backup.
The "pop" culture support and promotion of wind power is all based upon conceptual or theoretical constructs which do not reflect the physical, financial or regulatory realities of operating our electric grid system.
Also filed under [
Energy Policy]
Wind is the least cost effective way to produce power. But all the tax credits make if very profitable. That is the only reason to build wind plants. A project like Redington Black Nubble would mean about $20 million in tax credits over the 10-year period allowed by the production tax legislation. That's not counting what they sell the power for. It's all about the money. It isn't some environmental company here to save us. As far as the Land Use Regulation Commission's denial of the Redington Project, the project did not meet the standards and laws. It's that simple.
And we better watch out. If it sounds too good to be true, it probably is.
Keep our mountains protected.
Also filed under [
General]