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Because it means that economic value which is created locally stays local instead of being hoovered up by Wall Street, or more likely, by Sovereign Wealth Funds doing to the US what the US did to them.

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Mon Mar 3rd, 2008 at 09:53:07 AM EST
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And it means that local communities have a reason to support rather than oppose these projects - they see the benefits accrue directly to them.

OTOH, local ownership models work better with small-scale development, as in Germany.  For the large stuff, you're talking governments or corporations.

by IdiotSavant on Mon Mar 3rd, 2008 at 12:32:27 PM EST
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In fact, the upper Great Plains (Minn et al) has a relatively strong community windpower program.  I don't know the details, but it allows individual farmers and groups to own their own projects.  John Deere Capital has provided financing and turbine servicing, and i'm certain others are involved as well.  The program is being used as a model for other areas.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Mon Mar 3rd, 2008 at 01:34:53 PM EST
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