FLINT, Michigan—Before we become too hopeful about the prospects of using offshore wind power as a fuel source of the future, let’s not forget that government data shows that offshore wind power cannot survive in a competitive environment without huge taxpayer subsidies.
Today wind power receives subsidies greater than any other form of energy per unit of actual energy produced.
Sen. Lamar Alexander (R-TN), a key member of the Senate Appropriations Committee, says that public subsidies for wind on a per megawatt-hour basis are 26 times those for fossil fuels and 16 times those for nuclear power.