While driving to Norman, OK recently I saw the newest "wind farm" to the west of Interstate 35 southwest of Tonkawa. Wind farms show up as bright ground clutter on weather radars and here it is.
The point of this posting isn't to show you a picture of ground clutter. It is to pass along a bit of information from Forbes that this former booster of wind power turned critic found shocking:
Since first adopted in 1992, the “temporary” production tax credit for wind energy has ballooned from $5 million per year in 1998, to over $1 billion annually today. And even if ended, taxpayers are still obligated to cover nearly $10 billion in tax credits for projects built during the last decade. That’s in addition to an almost $20 billion debt for wind projects eligible under the Section 1603 extension, the renewable energy bailout of 2011. In many parts of the country the Production Tax Credit actually exceeds the wholesale price of power.
I had no idea that we taxpayers are still on the hook to the tune of $30,000,000,000.00 to Big Wind even if the PTC expires (as scheduled) December 31st. This number was so astounding to me that I thought I'd pass it along.