Devaluation of BigWind to hurt county coffers -share in Ohio!!

Share this article with Ohioans! This story will repeat across the USA, as industrial wind sites age, particularly where there is ‘poor’ wind resources. What about Ohio? Well, go to our home page and click on the picture at the bottom and you will see that we are a ‘poor’ wind resource state. Could this story repeat in Ohio in Van Wert? YES! In Huron, Champaign, Hardin counties? YES! The historical data for wind site performance in Ohio is poor, with sites producing approximately only 30% of the energy that they are capable of producing. Once the (tax) incentives are removed, these sites are no longer profittable and these companies will disappear. What will county governments do then? What will the farmers do then? Thank you, Ohio legislature and governor for ‘freezing’ our renewable energy mandates while such issues are reviewed!!!…

A sudden and dramatic drop in the value of Kern Countys massive wind energy farms will strip millions of dollars out of government coffers this fiscal year.

The Kern County Assessor-Recorder’s office has warned county officials that they expect to drop wind energy property value by $777 million less than three months into the fiscal year.

County budget officials estimate that will strip $1.8 million from the county’s main operational fund and $900,000 from taxes used to run the Kern County Fire Department.

Other governments — cities and schools and special districts — could also lose revenue….

Ansolabehere said the drop in wind energy values came for a number of reasons.

In the first year that a new wind energy project is active, he said, the operator gets a check from the federal government that covers 30 percent of its value.

That check doesn’t come in the second year.

So, Ansolabehere said, the value of a wind project often drops dramatically in the second year.

The other major reason valuations have dropped, he said, is that some projects are not producing energy at the level they were expected to…

But, on the whole, production is less than predicted.

via Devaluation of wind farms to hit government coffers – BakersfieldCalifornian.com.

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