The article states that $336 million would be invested in their Wells County wind turbine electric power project. Question: How much of this “investment” would be federal administration (taxpayer) stimulus money? Supposedly, this would generate $17.1 million in property taxes over the next 25 years.
How do they know what the tax structure/needs will be in that time frame? Or the projected tax savings to businesses and farmers? Even the projected wages to be received by “about 10 full-time jobs” is a joke.
Wind turbines in other areas have proven to be three things: noisy; ugly infringement of the landscape; and their efficiency has always been in question.
In California — where they have existed for years — hundreds are being shut down due to electric power being provided by more efficient methods, lack of power storage facilities and extremely high maintenance costs.
The gentleman's article is filled with platitudes of the project — and none of the negatives, one of which is what happens when the “California Experience” hits Wells County? Will Apex Energy — or any other reliable entity — guarantee to cover the cost of removal of the ugly eyesores when it becomes necessary?
The truth is, the only beneficiary of massive profits on this whole idea is the manufacturer of the turbine engines — General Electric Corporation.