Talk about unintended consequences!

 

According to The Hill, wind executives are engaging in a lobbying-flurry on Capitol Hill this week, going after the “Buy American” agenda that Senator Chuck Schumer is pushing with regard to renewable power projects funded with stimulus grants. Schumer has become somewhat agitated to learn that most (79%) of the US stimulus money spent on renewable energy has gone overseas creating manufacturing jobs abroad, but creating little but taxpayer debt here in the U.S.

The Hill quotes Donald Furman, senior vice president with Iberdrola Renewables as admitting that Schumer’s buy-American plan “will cause my company not to build the number of projects that it was going to build simply because we can’t get the equipment that would satisfy the requirement.”

This admission is only surprising because it was made in public. Anyone who knows that China’s labor rate is under $1.00 per hour, and that China holds 95% of the rare earth elements needed to produce most renewable energy systems could have told you that manufacturing of renewable equipment is going to happen mostly in China.

U.S. Wind Industry: Turbine Construction Won’t be Domestic
Kenneth P. Green
Fri, 12 Mar 2010 06:00:58 GMT