US Wind, owned by overseas company, ready to blow away your tax dollars
Posted by Buzz Beeler on 17th March 2018
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Don’t allow the politicians to destroy the beaches of Ocean City in favor of political cronyism and corporate welfare. No other publication gives you the facts like The Baltimore Post.

Now let’s get to it!

Below is part of the deception, as described in this press release issued by TPA.

 

Please click on the image below to read the full Press Release

 

The reality of this green energy boondoggle is quite different than the perception being spread thick by TPA and the local pols. The real facts are found in the study from England, which shows that the wind development is yet another corporate endeavor funded by taxpayers.

As far back as 2013, England found out the hard way about this massive fraud on taxpayers, as illustrated by these quotes:

Regarding costs, the £1.2 billion figure is merely a starting point. According to the Renewable Energy Foundation, the subsidy is likely to rise to £6  billion by 2020 if the Government is to meet its target of providing for 15 per cent of the country’s needs with renewable energy. Finding space to build the wind farms has created a veritable racket – landowners can expect to receive payments worth an average £40,000 a year for each large, three-megawatt turbine built on their land.

And what is the benefit of all this expense? In terms of jobs, disappointingly little. Greater Gabbard, an offshore wind farm, employs 100 people at its headquarters in Lowestoft, Suffolk. Divide Greater Gabbard’s subsidy of £129  million by 100, and each job is worth an incredible £1.29 million. The spend might be more justifiable if wind were an efficient and abundant energy source – but it simply is not. Its output fluctuates wildly depending on the amount of wind available. This week, our thousands of wind turbines managed to generate an impressive 12 per cent of our total energy production. But during our last cold, windless winter – when electricity demand was at its greatest – that fell to lows of 0.1 per cent

For those interested in math, one English pound is equal to $1.53 in U.S. currency (as of March 17, 2018).

The bottom line is that it doesn’t take a lot of sense (or cents, if you prefer) to figure out what’s going on here.  Here’s a small community that did not like the foul wind blowing in its direction and took action.

Another very important factor is one that we have been covering for quite a few of these taxpayer-funded boondoggles–where the taxpayer money goes. Here’s a hint: it isn’t anywhere local.  Many wind-farm companies are actually located overseas and use our tax dollars to enhance their bottom line.

The company creating the most turbulence right now is called US Wind and their efforts dot Ocean City with their giant windmills.  Let’s take a close look at their corporate management:

Riccardo Toto, Director and President

Innovator and entrepreneur. Riccardo manages the company’s portfolio of offshore wind projects and oversees contracting and investor relations. As sole director and president of US Wind, Riccardo brings his 15+ years of experience in the fields of finance, corporate management and business to launch a new industry and Silicon Valley for Offshore Wind in the US. Riccardo has successfully led start-up companies in the aviation and renewable energy sectors, serving in previous roles as CEO of EAS and Managing Director of Air One. Riccardo is a graduate of the Institute for Technical Geometer in Foggia, Italy.

Any reasonable person would have to ask themselves why would a company use the name “US Wind” when it is a foreign entity  Here is the name of the company that actually owns US Wind.

So, folks, what we have here is another overseas company taking hold of our land and our money to ingratiate the corporate elite and become even richer. Some people may be surprised to know that Amazon’s Jeff Bezos pays no taxes.

Thanks to our RINO (Republican In Name Only) Governor Larry Hogan, and fellow politicians like Sen. Johnny Salling, the taxpayers are about to get whacked again.

Now regarding the impact of Councilman Todd Crandell’s promise of 10,000 jobs related to TPA’s endeavors, the Post has learned that less then 3% of the total jobs (well below the 10,000 promised) at TPA are actually local.  TPA will not release the total number of jobs at their site.

When we use the word whacked, we mean “fleeced to the tune of billions of our hard earned dollars being wasted by these type of companies.”

If you doubt our assessment on the issue, take a look at this video of a meeting involving our local politicians expressing their support of this foul wind headed in our direction. Take a look at the video the Post recorded involving the assessment of the great savior of wind power relationship to jobs and our economy.

The Post strongly believes that any politician, including Gov. Hogan, who is willing to spend $5 billion on bringing Amazon to Maryland, knowing that the majority of jobs are logistical (i.e., low-wage) needs to be held accountable.

Maybe one day the taxpayers and citizens of Baltimore County, along with the state of Maryland, will get the hint that it’s not about the people, but rather about power, money, and greed.