According to the Energy Information Administration, last year's average wholesale electricity price in the PJM grid was around $42 per MWh. In bold, below, you plainly see why BigWind is not profitable without our taxpayer handouts (even though they received $67/MWh)…even in windy areas like Illinois. This also explains why electricity rates have skyrocketed, all over … Continue reading How long can BigWind operate in the RED? As long as taxpayers give them handouts…
Tag: big sky
Ohio does not require money in escrow to protect our citizens from a company going bankrupt. Our bonds aren't even big enough to pay for the cranes which will dismantle the machines, but this county was SMART. Why is Everpower requesting this? Could it be that they plan to leave this area after a short … Continue reading Is Everpower trying to ‘pull the wool’ over a county’s eyes?
The 240 MW Big Sky project (Illinois) is in trouble as Edison Mission is unable to repay the loan on the wind development made by the turbine manufacturer, Suzlon. This is an important story about another wind project in the PJM grid system which also serves Ohio. Big Sky does not have a long term … Continue reading Illinois wind project foreclosure has similarities to Buckeye Wind in Ohio