Massachusetts Green Bubble Alert
ALERT: Mass Tank contracts with Goldwind of Xinjiang China
Massachusetts Governor Deval Patrick's ambitious green energy plans, to become the nation's leader in renewable energy, is folly at the expense of rate and taxpayers who are funding and wading in green bubbles. Massachusetts is home to Evergreen Solar and Beacon Power that have both filed for bankruptcy and Boston Power that has moved to China.
Mass Green Bubble Alert aims to to expose crony capitalism and corporate welfare. In this context, Massachusetts has attracted the attention of the US House of Representatives investigating federal stimulus grants and loan guarantees to Massachusetts' Beacon Power and First Wind of Boston and their Kahuku Wind project in Hawaii.
The US House of Representatives blistering Report that speaks to politics driving MA green energy polices can be reviewed, here:
Mass Tank has announced on 2/22/12 they have signed an agreement with Goldwind USA. This is a Chicago office employing 8, a front for Goldwind of Xinjing, China that MA Gov. Deval Patrick's appointed green policy advisor's employess have flocked to join. (1.) One week following Mass Tank's announced agreement with Goldwind, it was reported by Bloomberg that the China company's 2011 profits fell 74%.
MASS TANK CONTRACTS WITH GOLDWIND TO FABRICATE
TOWER FOR PLYMOUTH MA WIND PROJECT
Middleboro, MA- Tuesday, February 21,
2012 – Randy Kupferberg, COO, of Mass
Tank Sales Corp announced that Mass Tank and Goldwind USA Inc. have recently
signed an agreement for Mass Tank to fabricate a 70 meter tower for the 1.5MW
Camelot Wind farm in Plymouth, Massachusetts. The tower will be fabricated in
Mass Tank’s Middleboro Massachusetts facility.
“This agreement with Goldwind, one of the world’s largest global wind turbine manufacturers, is consistent
with our company objectives of establishing a manufacturing supply chain for
the renewable energy projects in our country,” said Stephen Lynch Executive
Vice President for Business Development. “We have been working hard over the
last two years to expand jobs in Massachusetts in the renewable energy industry
and we anticipate steady growth in this effort.”
'Goldwind 2011 Profit Plunged 74% on Market, Price Slump'
By Sally Bakewell - Feb 28, 2012 11:06 AM ETTue Feb 28 16:06:06 GMT 2012
Xinjiang Goldwind Science & Technology Co.
(2208), China’s second-biggest wind-turbine maker, said 2011 profit
slumped 74 percent as domestic installations declined and foreign competition
forced down prices.
China Energy Sector.com
'Goldwind Has Troubles Inside and Outside Company, Indicating Price Wars'
May 6, 2011
Goldwind, one of the head wind companies in China has big problems in 2011. According to
the first season bulletin of Goldwind published on April 20th, the scheduled
profits from January to June may drop less than 50%, compared to the same time
Goldwind’s stocks began to drop in March. The Cash Flow from Operation (CFFO) of Goldwind
is negative. The rising cost and the dropping price of wind turbines makes
Goldwind’s situation harder. Six of the top ten shareholders disappeared from
Goldwind’s stockholder list.
(1.) First Wind Boston-based First Wind CEO and President Paul Gaynor Massachusetts
Governor Deval Patrick’s appointed Co-chair of “The Climate Protection Advisory
Committee” under the Global Warming Solutions Act. First Wind Paul Gaynor
is also co-chair of the Mass Department of Environmental Protection Advisory
Committee “Low Carbon Energy Supply Subcommittee.”
Goldwind appoints US CEO as part of Americas expansion
Quilter, Windpower Monthly,
19 May 2010, 10:03am
US: Chinese turbine manufacturer Goldwind has appointed First Wind vice-president and chief financial officer Tim
Rosenzweig to be the CEO of Goldwind USA.