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Windmills for electricity
Frank,
Ad hoc, or ad-hoc.......
(Webster may not agree with my definition.)
Informal, impromptu, or for a "one time" purpose.
When speaking in construction terms.......Often slapped together from scrap materials, to serve a specific purpose, then destroyed. "I constructed an ad-hoc brace to support to the concrete chute."
In general terms, the word(s) "ad hoc" simply means that the project or the committee (in this case) was slapped together for a special purpose, usually in response to some emergency or disaster --- where acting quickly takes priority over holding elections, or sorting through resumes to find qualified people.
Hope that helps.
Joel
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Windmills for electricity
Ihookem,
These large wind generators are very, very expensive.
On a recent radio show, here in North Dakota, they had on several guests who specialize in this area of energy production.
The original cost to build a large wind turbine is in the millions of dollars. It will take nearly 10 years of constant electrical generation to pay for the cost of the purchase. The generator, itself, which sits at the top of the tower, has a life expectancy of 20 years. the cost to replace the worn out generator is about 1 million dollars.
The return on the investment is less than 10 percent. They are being constructed by big corporations only for the tax breaks, which tax breaks will disappear once Congress decides that they are losing too much revenue. In the short run, the tax breaks are very profitable.
Joel
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Windmills for electricity
Hardwood,
As you mentioned, most of these things are owned by oil companies and other large corporations.
Why? Well, mainly for the tax breaks. The tax breaks on renewable energy sources are extremely profitable. Neither you nor I owe enough money in taxes to make such an investment profitable to us.
There is an estimated 10% return on the wind will over a period of its life-expectancy. However, with inflation at about 4% per year, these profits quickly begin to disappear.
The real profit in these things comes in the form of tax breaks, which will also disappear in time. For the time being, however, Congress is being very generous.
Oil companies, who make billions of dollars per year at the current price of oil, are now able to keep millions upon millions of tax dollars that would otherwise end up in D.C., by investing a small portion of this money into renewable energy sources.
Believe me, those oil companies don't hire thousands of accountants and lawyers just to provide them with jobs.
They've got this all figured out. And when the tax incentives come to an end, so will the windmills.
Joel
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Windmills for electricity
Dear friends,
I'd like to post some information here for anyone who may be interested.
This comes from the American Wind Energy Association, or the AWEA.
Included here is a study done on the costs of producing wind energy, both with and without the Federal Energy Tax incentitives and Production Tax Cuts.
When removing the federal tax incentives and production tax cuts, the price of producing wind energy nearly doubles. (40% more per kWh)
The most glaring issue here is the Renewable Energy Production Incentive. (REPI)
Corporations who produce electrical power do not qualify for tax cuts.....since they currently pay none. Under the Renewable Energy Legislation, these companies would actually receive a payment from the federal government, which falls under the REPI program.
The REPI program makes the production of electricty from wind energy very profitable, by cutting the cost to the producer by nealy 1/2. Of course, such federal spending programs are never permanent, which places these financing packages at very high risk.
See the link below.
Joel
Link:
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Windmills for electricity
Hardwood,
I was only trying to point out the reason why so many big oil and utility companies are building these wind mills.
It's a profitable business, but only because of the huge tax incentives being offered at this time.
Big corporations can finance the building of these wind mills, because of the low interest rates on their loans. No other individual or company can get such low rates on the loans.
On top of the low interest rate loans, these companies also receive tax incentives, or federal payments, for building them......which cuts the production cost by about half.
It's all there for you to read at your own convenience.
Joel
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