Originally Posted by
Tilter
CRC, the problem is that the subsidies (Renewable Energy Certificates or ROC's) are being reviewed, reviewed, reviewed and will end up with the developers' cash cow yielding less and less money as we move away from unproductive wind technology.
The truth of the matter is the complete opposite. As we moved towards more involvement with renewable energy then the market price of the renewable obligation will fall thus making wind technology less profitable. There needs to be more market confidence with insurance and underwriters in other technologies like tidal, offshore wind and wave generators to bring the RO down to a realistic price. The technology is there for wave, it just needs more market confidence to enable it to go forward.
God, grant me the serenity to accept the things I cannot change,
Courage to change the things I can,
And wisdom to know the difference.
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