"The Netherlands is finding out just how expensive offshore wind power really is. Last year the Dutch government paid 4.5 billion euros ($6 billion) in subsidies to wind producers. With a population of only 16.6 million, the Netherlands subsidizes wind production at an astounding cost of $370 per Dutch resident. This is unsustainable for the Dutch government, which has decided to reduce its own costs and transfer the subsidy costs to Dutch electricity consumers.
Since 1996, the Dutch government has been providing an 18 euro-cent (24 cents U.S.) per kilowatt hour subsidy to wind power producers. To put these subsidies in perspective, the average retail price for US electricity is only 10.60 cents per kilowatt hour. In other words, American electricity rates are less than half the Dutch’s wind subsidy..."
( Read the article in its entirety on the Institute for Energy Research website here )
Our crack CSC Blog research team has also learned that the same thing is happening with Massachusetts' Cape Wind Project. It is forecasted that once completed the Boston area electric users will pay about 34.7 cents per kilowatt hour to power their homes and businesses. Plus the government will have to continue to subsidize it.
And guess what else we've learned? The Green Energy folks have targeted coastal North Carolinians as their next victim. ( link ) No matter how the Green's try to spin it, Wind Energy can not be market-driven because it's costs are prohibitive. It must be subsidized by both government and you!
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