Wind Farms Set Wall Street Aflutter

WSJ gotta pay ^ | BUSINESS SEPTEMBER 1, 2 | RUSSELL GOLD

[BenLurkin]

After nearly a six-month lull, Wall Street is getting back into the business of financing new wind farms.

Morgan Stanley and Citigroup Inc. have invested $100 million each to finance separate wind farms this month, taking advantage of a brand-new federal program that is paying substantial cash grants to help cover the cost of renewable energy investments.

Bankers say this is the beginning of an active pipeline of new wind-farm financing, as well as investment in large solar installations and geothermal facilities. Project developers and Wall Street appear to be viewing the federal cash grant program as such a good ...

[FlingWingFlyer]

I hope that someday before I die, I see people going to jail for putting up these “wind farms.” Sick piggies.

[FatherofFive]

taking advantage of a brand-new federal program that is paying substantial cash grants to help cover the cost of renewable energy investments

Zimbabwe here we come!

[TexasCajun]

Maybe, now we can get some green energy in this country!

[rcrngroup]

Absolutely right. I live about 40 miles from Dodge Center, MN where there are literally hundreds of acres of windmill turbins. They produce roughly 2% of the area electricity, but if you took away the gubmint subsidies AND the electricity from coal plants to power the eye sores, they are a cash drain and inefficient at best. Plus they are a disgusting eyesore to hundreds of acres of these monstrosities where it used to be prime farm land. It’s like the gubmint subsidies to the ethanol plants to make up the difference between inefficient ethanol & fossil fuels.

[FlingWingFlyer]

I’ve seen that massive eyesore in Sweetwater, Texas. “The Windmill Capitol of the World” or some such nonsense. It goes on for miles. They are starting to put them up here in Arizona now. It’s a disgrace.

[Mike Darancette]

So where will they put them? The CA desert is closed to them.