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Wind turbine editorial overlooked crucial part 

Credit:  www.sctimes.com 10 April 2011 ~~

The Monday Times Our View regarding the wind turbine at the VA overlooked one huge factor. Interest on $2.3 million (the cost of the turbine) at a conservative 4 percent was not factored in to the number of years it would take to recover the initial investment.

If we add this little factor in to the equation, it means that it will take a little longer than 25 years to recover the initial taxpayer expense.

Interest of 4 percent on a $2.3 million investment is $92,000 a year, which is more than the expected value of the power produced in an average year!

The taxpayers will never recover their investment and are actually losing money every year. Think about it.

Jim Gotta

Source:  www.sctimes.com 10 April 2011

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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