Tuesday, May 23, 2006
Bill Koch, the extremely wealthy businessman, America’s Cup winner,
and art aficionado who was recently seen demanding (and getting) a Globe apology for an unflattering column weighed in on the heated Cape Cod wind farm debate with this op-ed piece in yesterday's Wall Street Journal. In this piece -- in which Koch identifies himsefl as the owner of an energy company, as someone who was asked to invest in the Cape Wind project, and as the owner of a summer house overlooking Nantucket Sound -- Koch says he crunched the numbers and it isn't pretty. Here's his conclusion: When you do the math, it is clear that every other form of power
generation would be cheaper to build, produce more electricity at a
consistent rate and save consumers more money. When you consider the
costs and risks of an offshore wind farm, and the fact that New England
does not need more power, the project becomes nonsensical, a giant
boondoggle for the benefit of one developer.
Koch didn't mention that he's the co-chairman of the anti-windfarm group, The Alliance to Protect Nantucket Sound.
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