September 13, 2012

Without subsidies

Wind power is not profitable without the Federal Government taking our tax dollars and forking them over to the manufacturers. Case in point -- from Spokane, WA station KXLY:
Neb. wind tower maker to close Ephrata plant, layoff 79
Wind tower maker Katana Summit says it will close its plants in Nebraska and Washington and layoff nearly 300 people.

The company said Wednesday its plants in Columbus, Neb., and Ephrata, Wash., will close around Nov. 1 unless a buyer can be found for the plants. The Nebraska plant employs 214, and 79 people work at the Washington plant.

Katana Summit plans to complete its existing orders for towers that can be up to 330-feet-tall before closing the plants.

CEO Kevin Strudthoff says uncertainty about the future of tax credits for wind power is forcing the closures.

He says orders for the towers Katana Summit makes have nearly stopped for 2013 because wind power developers want to know if the tax credits that expire at the end of this year will be renewed.
And when Romney gets elected, a lot of this stuff -- subsidies and tax credits -- will be retired. I'll say it again, there is no alternative energy -- not without paying at least five times the going rate and when you amortize all costs over the life of the system, it's more like ten or twenty times. Nuclear is our best option and the time to start was yesterday... Posted by DaveH at September 13, 2012 12:07 PM
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