Tuesday, May 31, 2005

The color of money

Disgen, the company behind the Brodie Mtn. project in Massachusetts, has an outline of the "Wind Development Process" (a 135-KB PDF). Under "Financing," the source of equity is characterized with "Rate of Return 16-18%."

Even if you were convinced that large-scale wind could make significant contributions to the grid and that there would be correspondingly significant environmental benefits so that the industry needs or at least deserves government support, this promised return clearly goes far beyond that -- into the realm of piracy.

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