A foreign wind-energy company is in such a hurry to collect the maximum possible amount of subsidies from the U.S. Treasury that it has taken an unprecedented step: It has promised to share the federal gravy with individual voters in two Vermont towns, Grafton and Windham. Earlier this month, Spanish energy company Iberdrola announced that it plans to distribute about $565,000 per year among 815 registered voters in the two towns. The payments would continue for 25 years.
But here’s the catch: On November 8, the towns of Grafton and Windham are holding referenda to decide the fate of Iberdrola’s 82-megawatt Stiles Brook wind project. If voters reject the project, Iberdrola will pay them nothing.
The climate-change carpetbaggers — both foreign and domestic — are in a hurry to get their wind projects approved and underway before the end of the year. If they can get started before December 31, they will get a $23-per-megawatt-hour production tax credit on the electricity produced by their projects. On January 1, that subsidy falls to about $18 per megawatt-hour. It decreases another 20 percent per year until it expires in 2019.
Iberdrola and other wind promoters may be eager to collect more federal subsidies, but they are facing lots of angry voters in Vermont. As I reported on NRO in August, the battle over renewable-energy siting has been raging in the state for years, and wind-project siting has become a defining issue in Vermont’s gubernatorial race.
Sue Minter, a Democrat, favors state control over siting. She’s being supported by fellow Vermonter Bill McKibben, the founder of 350.org and an ardent proponent of schemes that claim that the world can be run solely on renewable energy. Minter’s opponent on the November 8 ballot is Phil Scott, a Republican, who has vowed to protect Vermont’s ridgelines from wind-energy development. While the race is close, Scott can likely count on support from most or all of the voters who supported Peter Galbraith in the Democratic primary. Galbraith made opposition to wind energy the primary focus of his campaign.