This wind energy is going to be back in the news as congress is back in session and will be dealing with alternative energy sources, specifically renewing the wind energy subsidies. One of the problems with these government subsidies is that foreign companies are investing heavily in these wind farms in the US. I have heard that a lot of money is coming from Italy and yes, the middle east. Now these investors are careful to set up companies in the US so they can collect these taxpayer funded subsidies, but make no mistake, these are foreign companies collecting money from US taxpayers.
I have also seen an ad on TV claiming that without subsidies, wind energy is not economically viable. Are these subsidies really a good idea or are we just sending more money overseas?
