I got this in my Inbox:
Kinsella’s price calculation of 24.6 cents/kWh is hilarious! He can’t be serious about just adding the two numbers.
To calculate the combined per kWh cost of the 130 MW project one has to calculate the weighted cost of each component:
Output from the first 90 MW at an agreed starting price of 16 c/kWh with another 40 MW at 8.6c/kWh results in a price of:
(90 MW x $0.16 + 40 MW x $0.086)/(90 MW + 40 MW) = $0.137231 or about 13.7 cents per kWh in the first year.
Simple arithmetic. And LIPA’s Levelized Cost of Energy (LCOE) calculation over 20 years on page 3 of their fact sheet confirms the combined price in the footnote as 14.1 cents/kWh:
Why do the Wainscott opponents of Wind (NIMBY) persist in spreading misinformation about the South Fork Project? Either they do not understand the material or they are deliberately misleading the public. They ought to stick to an argument on the merits and stop inventing “facts” simply to harm the project. This project is an opportunity to provide electricity to 70,000 South Fork homes, and dramatically reduce our reliance on the burning of fossil fuels which is destroying our atmosphere. Get your priorities straight, Wainscott!
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