James E. Hanley provides a roundup of failed Green expensive ventures in his Real Clear Policy article Green Projects Hit Iron Wall. Excerpts in italics with my bolds and added images.
Developers looking to build thousands of wind turbines off the Mid-Atlantic and New England coast are coming up against a force even more relentless than the Atlantic winds: the Iron Law of Megaprojects, offering a warning of the trouble ahead for green-energy projects.
The Iron Law, coined by Oxford Professor Bent Flyvbjerg, says that “megaprojects” — which cost billions of dollars, take years to complete, and are socially transformative — reliably come in over budget, over time, over and over.
From Boston’s Big Dig to California’s high-speed rail to
New York’s 12 years-overdue and 300% over-budget East Side Access rail project,
big boondoggles routinely demonstrate the validity of the rule.
Offshore wind projects are not immune to the…
View original post 777 more words
Utopia, you are standing in it! 
Recent Comments