The company still needs approvals from the U.S. Army Corps of Engineers and, perhaps more daunting, the launch of a renewable-energy program in which polluters can buy offshore-wind credits
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Sounds like "cap and trade" by another name...
I think alternative energy projects are a good idea, and don't really have a problem with this one. But I'm suspicious of government support for some of these projects that would otherwise not be practical from a business standpoint.
According to the US Energy Information Administration, renewable energy represented 8% of US energy use but wind is only 9% of renewable energy. In other words, wind power only provides 3/4 of one percent of our energy.
http://www.eia.gov/renewable/annual/trends/
I like the idea of wind power... a number of years ago I was even interested in having my own windmill. So it's probably a good idea to build this and other projects, but I don't think wind power is ever going to have a meaningful impact in our lifetimes or even our children's lifetimes. That's why I am a bit skeptical about tax breaks and other government subsidies of these programs.
"Are windmills the answer"?... What is the question? They are not a meaningful answer if the question is "how can we reduce our reliance on fossil fue".