RICL is ONE venture capitalist company's idea of how to make a hefty profit. It does NOT consider the wind power available in Lake Michigan, nor on the Atlantic Coast - both of which are better wind resources than what RICL is proposing to tap into. If the same amount of money were spent IN state on energy efficiency programs and distributed generation, we would be supporting, by far, more permanent local jobs and benefitting the local renewable energy development.
How "Clean" Line Energy is like another Enron: Coming Soon!
Biographies of the Key Players in "Clean" Line: Coming Soon!
About the Investors:
The parent company of RICL is "Clean" Line Energy Partners. The major venture capitalist investors are ZBI Ventures and the Zilkha brothers. Watch here for more information on the ties to Horizon Wind, Goldman Sachs and EDP (an international conglomerate).
On November 27, 2012, it was announced that Britain's National Grid bought "a significant percentage" of "Clean" Line Energy for 40 million dollars. Who are the investors in Britain's National Grid?
What percentage of the "economic benefits" touted by RICL will actually be foreign investments going to foreign companies building the transmission lines and industrial size (100 miles x 100 miles) of wind farms?
Stay tuned here as we learn more about the billions in American taxpayer dollars flowing out of the country...