The $2.6 billion off shore Cape Wind project failed to meet deadlines to secure financing and to begin construction and the heavily subsidized wind farm is now going to “sink below the waves.” The millions in taxpayer subsidies already prove that this thing should not float. While other off shore wind farms are planned, falling natural gas prices are reducing the urgency to find other sources of energy.
Heavy investments by government and others into renewable energies are really counterproductive. Aggressively introducing theses sources of energy into the energy market is extremely costly to all those involved, especially the taxpayers. The energy market will openly bring in energy sources such as wind and solar, when it is ready to bring them in (if ever). So far, there has been no reason for the energy market to move away from oil, natural gas and coal.