The importance of subsidies is highlighted in the Shepherds Flat wind farm in north-central Oregon (Department of Energy photo), which officially opened Saturday. The $1.9 billion project was financed with a $1.3 billion federal loan. Wind was one of the largest recipients of federal subsidies for electricity production in 2007, receiving much more than coal or natural gas.
Extension of the wind subsidy is unclear. Congress did not act to extend it before it recessed for the election season, and it's unlikely it will be discussed during the lame-duck session after the election. (Read more)