A green energy scheme to supply a small town in Texas with 100% of its electrical needs via cheap solar and wind power is, instead, costing the city almost $7 million.
Georgetown, Texas was featured in the sequel to Al Gore’s Inconvenient Truth as the “future” of American power generation. But falling fossil fuel prices are making the scheme ruinously expensive for the town.
“It’s costing them big time,” Bill Peacock, vice president of research at the Texas Public Policy Foundation, told The Daily Caller News Foundation in an interview. “This doesn’t appear to be the first time they’ve lost money, just the first time it was big enough to have to go public with it.”
“I think Georgetown is already a trailblazer,” Gore said during his 2016 visit to learn about Georgetown’s plan to get 100 percent of its energy from wind and solar power.
Read the full story from American Thinker
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