Western Wind Turns Down US $228 Million Offer for Wind Project
May 22, 2008
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Vancouver, Canada [RenewableEnergyWorld.com] Western Wind Energy Corporation has announced that it is now engaged in negotiations, reviewing new offers and is in discussions with major U.S. institutions regarding self-financing initiatives whereby its 120-megawatt (MW) Windstar Project will directly produce US $1.7 billion in revenue over 30 years.
Accorrding to Western Wind, given the growing market for renewable energy, developing its own projects will provide a greater return.
Although Western Wind was offered US $228 million for all development rights to the Windstar Project including royalty payments pursuant to a land lease, over a 30-year period, accorrding to Western Wind, given the growing market for renewable energy, developing its own projects will provide a greater return.
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Too many bureaucrats inventing ways to make of renewable energy a calvary of obstacles, asinine requirements, a testimony to the inventivness of idle incompetent canaille. Canaille, borrowed from Sarkosy. Too many leaches sucking the life out of the only way to restore some kind of a future for humanity. How much of the $56M/year goes into salaries of the top echelon of Western Wind? Why is residential PV still at $9/peak watt? Why extremely promising technology is forced to beg for a few dollars from any and all possible sources?OK, you may find all of this diatribe disrespectul. Yet , I would appreciate some answers.