Despite massive tax subsidies, T. Boone Pickens' plan for the largest wind farm in the world is faltering. Apparently, there just isn't enough venture capital to put wind under its wings, as stalwarts like GE are tightening their financing belts. And with oil and natural gas prices in the basement, the incentive for energy projects that require massive infrastructure just isn't there.
Sounds to me like a good time for smaller scale solar projects to flourish, especially in New Mexico's sunbelt areas like Taos. These also qualify for tax subsidies, but promote energy independence for more rural areas and rely less on a "grid" for energy delivery.
(Thank you to PR for the link!)
Monday, December 1, 2008
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1 comments:
Since a 30MKW facility costs as much as a 100MKW to develope,Taos Windpower's proposal might not be too attractive to investors...just another reason to go solar.
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