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A sweet deal  

Credit:  The Falmouth Enterprise | www.capenews.net ~~

The $3.5 million owed by Falmouth to the Massachusetts Water Resource Authority (MWRA) for the wind turbine debt will be a $3.5 million windfall for Massachusetts.

The original $5 million loan was actually an ARRA [America Recovery and Reinvestment Act] grant. The MWRA was somehow selected to administer the grant to Falmouth for the wind turbine, and the MWRA turned it into a payback obligation should the blades not spin.

Congress subsequently voted (refer Federal Register) to relieve any payback obligation.

Therefore, when and if Falmouth pays back the $3.5 million, it will be a $3.5 million windfall for the Commonwealth of Massachusetts.

How sweet a $3.5 million deal is this?

I might add, the $5 million ARRA funds stimulated both the Dutch and the Canadian economies, as the wind turbine was purchased from Vestas and was delivered by French Canadians.

J. Malcolm Donald

Ambleside Drive

West Falmouth

Source:  The Falmouth Enterprise | www.capenews.net

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 is owned by the author or publisher indicated. As part of its noncommercial 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 to query/wind-watch.org.

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