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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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  •  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

    [ Parent ]

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