While there are some troubling signs that greentech investments might be stunted by the current troubles on Wall Street, it seems that the wind developments in west Texas are weathering the storm quite nicely. Developers like German-based E.ONare moving ahead with plans to invest $10B in what is beginning to be perceived as a safe and proven commodity -- wind farms. Currently, they're sinking $1.5B into what will become the world's largest windfarm in Roscoe, TX -- if only for a short time.Just as fast as investors are warming up to the potential of wind energy, many landowners are dropping their objections as they witness their neighbors raking in a pretty nice chunk of change. On average, landowners are getting around $900/month per windmill on their property, plus a piece of the royalties once the windmills are plugged in -- I have no idea how much that could be.
As much as we've heard about clean coal throughout this election season, permits to build new plants are getting more and more difficult to obtain -- even in Texas. This, coupled with the demand for clean energy, is helping to funnel even more investments into wind farms.Now, how do
No comments:
Post a Comment