The media have been awash with news of Cape Wind’s manufacturing and financing plans.
Jim Gordon, Cape Wind’s president, seems to have missed the message behind the Buy American movement, which is dedicated to restoring and maintaining the long-term economic prosperity of our country by promoting and facilitating the practice of buying American.
Cape Wind is sending manufacturing jobs overseas, while, at the same time, it is seeking a loan guarantee from the federal government – a loan guarantee that would be backed by hard-earned American taxpayer dollars.
The turbines will not be built by General Electric, but by Siemens, a German company. Moreover, the steel foundations that were supposed to be built in Massachusetts are now going to a European manufacturer. Apparently, Cape Wind expects Americans to subsidize overseas jobs, in spite of the fact that we are dealing with one fiscal crisis after another.
As if this isn’t enough, Cape Wind has now announced that it is seeking financing through the Bank of Tokyo.
Renewable energy projects are hailed as good for America. Not this one!
Richard F. Mullin
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