See the following article in this morning's News Wire: http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=n...
It appears the markets have decided that wind scams are too risky for their capital so the Scammers expect taxpayers to continue fueling their gravy trains!
I especially get a kick out of this paragraph:
“The renewable energy industry is facing a new double crisis: first, a “stimulus cliff” will occur as the ARRA provisions sunset, and, second, a drought of capital continues because the financial crisis has not ended,” said Michael Eckhart, President, American Council On Renewable Energy. “Indeed, the financial crisis goes on, and if not addressed, the situation risks losing thousands of jobs that were just gained under ARRA.”
“The project equity markets have not returned to their pre-crisis levels and the Recovery Act measures helped save the situation,” said Patrick Eilers, Managing Director, Madison Dearborn Partners, who serves on the Board of Directors for U.S wind energy company First Wind. “For example, with access to the ITC grants and other measures to help fill the finance gap, the U.S. wind industry saw a 39% increase in installed capacity in 2009. The uncertainty and volatility in the tax equity and credit markets make the grants program fundamental to developers that would otherwise be unable to commit risk capital to start to build projects.”
In other words, these projects don't make enough sense for the market to invest in them!