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December 20, 2010

Fact Sheet: Does wind energy make sense?

We will constantly add to this Fact Sheet as new evidence become available.

Monday, December 13, 2010: Electricity from the Massachusetts Cape Wind project will start out at 18.7 cents a kilowatt hour. This cost is 3 times as much as local natural gas, and twice the cost of other renewable sources. But it gets worse. The cost will rise to 20.1 cents per kilowatt hour after the first year, and will increase by 3.5% every year thereafter until it reaches 31.4 cents in 2027. The price will be even higher if federal subsidies are removed, which is another way of saying that the true cost of this energy is vastly higher than even the incredibly high prices consumers are being charged for it.

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