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View Diary: Wind industry thanks President Obama for saving 37,000 jobs with Wind Energy Production Tax Credit (59 comments)

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  •  Great news (10+ / 0-)

    At first I thought the extension of the renewable energy credit this was a useless gesture, since there is no way a wind project can be planned, financed and constructed in just one year. But since projects only have to be started in 2013, this actually has a major effect. With this, the fiscal cliff deal was almost worth it.

    "A government that robs Peter to pay Paul can always depend on the support of Paul." - George Bernard Shaw

    by Drobin on Sat Jan 05, 2013 at 11:04:59 AM PST

    •  Filed Under You Learn Something New (9+ / 0-)

      everyday, HoundDog noted in a comment that a large scale wind project can be done in 18-24 months. I've never really thought about time to deploy. But that is staggering how fast that is. It takes like a decade plus for nuclear and I assume years and years for a coal fired power plant.

      When opportunity calls pick up the phone and give it directions to your house.

      by webranding on Sat Jan 05, 2013 at 11:07:16 AM PST

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      •  Yes, it is a surprising and important advantage (7+ / 0-)

        that is behind much of the rapid growth of these technologies.

        Lots of businesses, customer do not wish to wait.

        One of the nuclear reactors that has been under construction for almost a decade now is looking at a possible total 17 year construction delay.

        If it were not for the fact the government has guaranteed investors ROI they would never have even considered it.

        Imagine the investor risk to a project that take 17 year to start generating cash flow and needs 30 to 50 years for its finances to pay off.   How do you calculate the political risk that populations decided to ban all use or generation of radioactive material due to a Fukushima or terrorist event launching an explosive laden airplane into one the 30 on site unprotected waste storage facilities like those at Fukushima, that exist in the USA?

        This is why no private investors initiated a new nuclear power plant in the USA for several (maybe even three decades) until the US government promised to guarantee the ROI.  (We didn't here any Republicans complain about this massive unfunded liability and subsidy.)

        The means is the ends in the process of becoming. - Mahatma Gandhi

        by HoundDog on Sat Jan 05, 2013 at 11:31:44 AM PST

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    •  Yes, I thought the same since that is what (2+ / 0-)
      Recommended by:
      Onomastic, worldlotus

      all the industry leaders were saying as well. So this change was a pleasant surprise.

      The means is the ends in the process of becoming. - Mahatma Gandhi

      by HoundDog on Sat Jan 05, 2013 at 11:23:58 AM PST

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