A Chinese wind turbine manufacture will get millions dollar in subsidize by Federal Government for 10 years.
Originally Posted By: fuelfix.com
China-based Goldwind, the world’s largest wind turbine manufacturer, is buying into Texas for the first time with its largest wind farm in the U.S.
Goldwind is growing specifically in Texas as well. The Chinese company said this week it bought the developing Rattlesnake Wind Project that’s 125 miles northwest of Austin from United Kingdom-based Renewable Energy Systems for an undisclosed sum. The McCulloch County wind farm in Texas will consist of 64 of Goldwind’s 2.5-megawatt wind turbines. A planned second phase will eventually double its size.
http://fuelfix.com/blog/2016/05/18/chinas-largest-wind-company-blows-into-texas/
Originally Posted By: energy.gov
Rebate Amount
$0.023/kWh for wind, geothermal, closed-loop biomass
$0.012/kWh for other eligible technologies
Applies to first 10 years of operation
http://energy.gov/savings/renewable-electricity-production-tax-credit-ptc
Assume the efficiency of the turbines are 2/3 (because there are strong wind all the time), the tax subsidize for 64 turbines is $21,491,200 a year. If they double its size to 128 turbines in few years they will get $42,982,400 a year for the rest of 10 years period.
This is just one example of many subsidizes Federal and state governments provide to foreign companies of all sizes and all industries.
The worse thing is they produce these items in their homelands and export it to America, and we taxpayers pay part of their costs in the form of subsidizes.
Some of you, American, against subsidize(s) to American companies operate in America employing American workers, but quiet(approve ?) about subsidizes to foreign companies.
Originally Posted By: fuelfix.com
China-based Goldwind, the world’s largest wind turbine manufacturer, is buying into Texas for the first time with its largest wind farm in the U.S.
Goldwind is growing specifically in Texas as well. The Chinese company said this week it bought the developing Rattlesnake Wind Project that’s 125 miles northwest of Austin from United Kingdom-based Renewable Energy Systems for an undisclosed sum. The McCulloch County wind farm in Texas will consist of 64 of Goldwind’s 2.5-megawatt wind turbines. A planned second phase will eventually double its size.
http://fuelfix.com/blog/2016/05/18/chinas-largest-wind-company-blows-into-texas/
Originally Posted By: energy.gov
Rebate Amount
$0.023/kWh for wind, geothermal, closed-loop biomass
$0.012/kWh for other eligible technologies
Applies to first 10 years of operation
http://energy.gov/savings/renewable-electricity-production-tax-credit-ptc
Assume the efficiency of the turbines are 2/3 (because there are strong wind all the time), the tax subsidize for 64 turbines is $21,491,200 a year. If they double its size to 128 turbines in few years they will get $42,982,400 a year for the rest of 10 years period.
This is just one example of many subsidizes Federal and state governments provide to foreign companies of all sizes and all industries.
The worse thing is they produce these items in their homelands and export it to America, and we taxpayers pay part of their costs in the form of subsidizes.
Some of you, American, against subsidize(s) to American companies operate in America employing American workers, but quiet(approve ?) about subsidizes to foreign companies.
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