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How Green Was My Bankruptcy: Lake Land College Edition

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  • How Green Was My Bankruptcy: Lake Land College Edition

    The stupidity here is mind boggling...
    Costly Broken Wind Turbines Give College Whopping Negative 99.14% Return On Investment


    ANDREW FOLLETT
    Energy and Environmental Reporter


    Lake Land College recently announced plans to tear down broken wind turbines on campus, after the school got $987,697.20 in taxpayer support for wind power.

    The turbines were funded by a $2.5 million grant from the U.S. Department of Labor, but the turbines lasted for less than four years and were incredibly costly to maintain.

    “Since the installation in 2012, the college has spent $240,000 in parts and labor to maintain the turbines,” Kelly Allee, Director of Public Relations at Lake Land College, told The Daily Caller News Foundation.

    The college estimates it would take another $100,000 in repairs to make the turbines function again after one of them was struck by lightning and likely suffered electrical damage last summer. School officials’ original estimates found the turbine would save it $44,000 in electricity annually, far more than the $8,500 they actually generated. Under the original optimistic scenario, the turbines would have to last for 22.5 years just to recoup the costs, not accounting for inflation. If viewed as an investment, the turbines had a return of negative 99.14 percent.

    “While they have been an excellent teaching tool for students, they have only generated $8,500 in power in their lifetime,” she said. “One of the reasons for the lower than expected energy power is that the turbines often need to be repaired. They are not a good teaching tool if they are not working.”

    [...]

    Lake Land plans to replace the two failed turbines with a solar power system paid for by a government grant. “[T]he photovoltaic panels are expected to save the college between $50,000 and $60,000 this year,”Allee told the DCNF.

    [...]

    Read more: http://dailycaller.com/2016/04/12/co...#ixzz473DM3dM8

    It's difficult to pick out the most moronic aspect of this story...

    “While they have been an excellent teaching tool for students, they have only generated $8,500 in power in their lifetime,” she said. “One of the reasons for the lower than expected energy power is that the turbines often need to be repaired. They are not a good teaching tool if they are not working.”


    They were expected to generate $44,000 worth of electricity per year; but only managed to generate $8,500 worth of electricity in four years. This is an excellent "teaching tool" for anyone who can do basic arithmetic... This clearly excludes the administrators of Lake Land College.

    Lake Land plans to replace the two failed turbines with a solar power system paid for by a government grant. “[T]he photovoltaic panels are expected to save the college between $50,000 and $60,000 this year,”Allee told the DCNF.


    The single biggest factor in solar power is GHI...
    The strength and concentration of solar energy hitting a panel, technically called the global horizontal irradiance (GHI), accounts for 71.6% of performance variations.

    http://www.utilitydive.com/news/the-...rmance/417134/

    Lake Land College is not situated in an area with good GHI...

    Watts Up With That? | The world's most viewed site on global warming and climate change.

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