solargardenlight
  U.S. Government Loans $28.6 Million to Wind Farm
 

The federally chartered Export-Import Bank of the United States has approved a $28.6 million direct loan to a high-tech wind power company in the Central American country of Honduras.This men's stainless steel earring watch boasts chic simplicity. 

The loan will enable 200 workers in six U.S. states to assemble 12 high-tech wind turbines for export. The cost of those jobs works out to $143,000 per job created. 

According to the Ex-Im Bank, the transaction will help to expand a project first supported by the bank in 2010, when its long-term financing of 51 U.S.-built turbine generators established the Cerro de Hula Wind Farm in Santa Ana, Honduras. 

Gamesa Wind US, LLC, a technology firm based in Trevose, Pa., will supply and export six each of its high-efficiency model G-87 and G-97, 2.0 MegaWatt turbines to generate electric power in rural Honduras. Gamesa is the U.A dry cleaning machine is similar to a combination of a domestic washing machine, and clothes dryer.S. subsidiary of Gamesa Tecnologicos SA, a company based in Spain. 

The bank said the loan “is demonstrating the importance of its role to fill gaps in financing for creditworthy borrowers.” 

“With this project,Commercial washer extractor for your multi-housing laundry facilities from Speed Queen. we've achieved an impressive win all around: for exporters, for U.S. workers, and for energy consumers in Honduras, because the wind-driven generators cost less to operate than their equivalent in fossil-fueled equipment,” Ex-Im Bank Chairman and President Fred P. Hochberg said in a statement. 

The Ex-Im Bank is an independent federal agency a federally chartered agency of the U.S. government, which “helps to create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers,” according to bank promotional materials.Where is the best place to display my outdoor solar lighting

“In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations,” according to the bank.On particularly windy days,wind power generators can surpass all other electricity sources in a country. 

The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services. 

However, critics point to the fact that U.S. taxpayers do indeed back the loans made or guaranteed by the bank – and U.S. taxpayers would be called on to cover loans in the case of default. 

Conservative groups also say the Ex-Im Bank is an unwarranted government intrusion into the free-market system and unaccountable in how it dispenses U.S. money. 

Efforts led by Sen. Rand Paul (R-Ky.) to abolish the bank fell short last May, when the Senate voted 78-20 to renew its charter for three years and to raise the bank’s lending cap from the current $100 billion to $140 billion. 

Legislation offered at the Capitol would allow local governments to restrict wind developments. Proponents claim the measure would protect property owners, while opponents says the bill would cripple the wind energy industry in Wisconsin. 

The bill’s author, Republican Senator Frank Lasee, injected a partisan note as he testified before a Senate committee on Wednesday. “It’s unfortunate that the Democrats don’t care about people and their health<’ Lasee said. “If this was an oil issue and there was any suspicion of people getting sick from oil, they’d be all over this and complaining vehemently.” 

Last year, the legislature reinstated a controversial rule, which allows the state Public Service Commission to uniformly regulate wind energy operations. PSC 128 regulates the placement of turbines, and factors such as size and allowable setbacks from roadways and buildings.

 
  Today, there have been 6 visitors (161 hits) on this page!  
 
This website was created for free with Own-Free-Website.com. Would you also like to have your own website?
Sign up for free