Comment of the day

The following key comment was left by a reader in today’s Bangor Daily News article entitled “Oakfield vote advances $300 million wind project in Aroostook County”

“You should be aware that these wind projects are single purpose entities with no legal recourse to the owners/principals. The investors will pull every penny of profit out of the project as long as it operates. When the time comes that the project either can no longer operate or goes broke, the principals will hand the keys over to the local community. It happened in the late 80’s and early 90’s in California and Maine wasn’t smart enough to require sufficient escrowed funds to prevent it in the expedited law. There are still hundreds of decades old broken turbines sitting in the mountain passes of California. It is going to the same in Maine”.

http://bangordailynews.com/2011/11/22/news/aroostook/oakfield-vote-advances-300-million-wind-project-in-aroostook-county/

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