Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Actually, it did not take much to do it in, and here was always the high cost excuse. But, if NYPAa was serious about offshore wind, they should have owned it and financed it with NYPA bonds, which are rated at least AAA. Get someone else to buy/build/install it, but have NYPA own it. At 12 to 14 c/kw-hr vs. 20 c/kw-hr, you just can't beat lots of low cost financing when it comes to offshore wind. I wouls say that finance costs rule.


by nb41 on Wed Sep 28th, 2011 at 08:20:28 PM EST

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