China to supply turbines and funding for $1.5bn Texas wind farm

http://www.businessgreen.com/business-green/news/2252264/china-supply-turbines-funding

600MW utility-scale wind farm to be among the largest in the US
Yvonne Chan, BusinessGreen, 30 Oct 2009

A Sino-US consortium yesterday announced plans for a US$1.5bn, 600MW wind farm in Texas, with China supplying all the turbines and most of the funding.

The 36,000-acre wind farm, set to be one of the largest in America, is a joint venture between state-backed Chinese firm Shenyang Power Group, US wind farm developer Cielo Wind Power and private equity firm US Renewable Energy Group.

Most of the funding for the project will come from Chinese banks, with loan guarantees and grants provided by the US federal government’s economic stimulus package, the consortium said.

Hell, at least with the tech boom we had a period of time where the goods were actually manufactured here in the US. Now we're just going straight to outsourcing.

Glad that we're setting up this wind farm, really, really sad that it's been outsourced.

Then use grant money to buy Chinese turbines, stimulating job growth in China. And China ends up owning most of the Texas wind farm.

Sheer insanity.

How crazy are we?

:rofl:

...and they're already in Texas

http://www.triplepundit.com/2009/07/t-boone-pickens-to-sell-off-667-wind-turbines/