The European Windmill Industry Scammed Our Stimulus Money

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The windmill industry has become more scam than energy producing. The abuse and corruption could make your head swim. I have written one article about it and will compile some research at a later time, but the point of this article is to bring attention to the fact that our Stimulus money for Wind energy is mostly going overseas as are most jobs.

The government likes to say it isn’t that much money now that we are talking in terms of trillions, but I do not accept that as a legitimate argument and no one should. That is strictly propaganda.

The investigative report from 2009-2010 comes from a site which offers enlightening information on the subject.

The Investigative Reporting Workshop reported this story in coordination with ABC’s World News Tonight with Diane Sawyer and the Watchdog  Institute, a non-profit investigative journalism group based at San Diego State University.

Money from the 2009 stimulus bill to help support the renewable energy industry continues to flow overseas, despite Congressional criticism and calls for change, according to a new analysis of the program by the Investigative Reporting Workshop.

The Workshop was the first to report last October that more than 80 percent of the first $1 billion in grants to wind energy companies went to foreign firms. Since then, the administration has stopped making announcements of new grants to wind, solar and geothermal companies, but has handed out another $1 billion, bringing the total given out to $2.1 billion and the total that went to companies based overseas to more than 79 percent.

In fact, the largest grant made under the program so far, a $178 million payment on Dec. 29, went to Babcock & Brown, a bankrupt Australian company that built a Texas wind farm using turbines made by a Japanese company.

The same day the Workshop’s first reported on this story a consortium of American and Chinese companies announced a deal to build a $1.5 billion wind farm in Texas, using imported Chinese turbines. Company officials said they planned to collect $450 million in stimulus grants for the project. The deal would create dozens of jobs in the U.S. and thousands in China…Read here: Energy funds from the Stimulus going to European companies.


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