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re: Offshore Windmill Farms....booming buisness

Posted on 12/27/18 at 10:40 am to
Posted by terd ferguson
Darren Wilson Fan Club President
Member since Aug 2007
108815 posts
Posted on 12/27/18 at 10:40 am to
quote:

All I know is Im seeing a lot of Us service companies up there investing in the offshore wind farms work


You know why? Government subsidies.


Warren Buffett on wind energy:
quote:

DESPITE BEING FAMOUS for touting the idea that the rich don’t pay their fair share of taxes, investor Warren Buffet seems to be perfectly fine with receiving tax breaks for making investments in Big Wind. "I will do anything that is basically covered by the law to reduce Berkshire's tax rate," Buffet told an audience in Omaha, Nebraska recently. "For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit."
This post was edited on 12/27/18 at 10:44 am
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 12/27/18 at 10:43 am to
quote:

You know why? Government subsidies.



Just about everyone of the wind companies are from the Netherlands..they are all overseas companies...and yes you're right..they are receiving ridiculous subsides.

It just doesnt make sense.....the numbers dont add up

It's the service companies that are making bank
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