First Wind spinoff Deepwater Wind bought for $510 million

D.E. Shaw, which got its start via a $28 million stake from former Maine Today Media owner S. Donald Sussman strikes again.

Orsted, the Danish company that is the world’s largest offshore wind developer, has agreed to pay $510 million to buy Rhode Island-based Deepwater Wind, the company that two years ago built the first offshore wind farm in the United States, a five-turbine array near Block Island.

http://www.providencejournal.com/news/20181008/deepwater-wind-bough...

RELATED:

Chellie Pingree was married to S. Donald Sussman, largest media owner in Maine whose media almost always fail to report on the cons of wind. It turns out we learn that all along, he had been the person who gave First Wind's longtime owner, hedge fund D.E. Shaw its start with a $28 million stake.

http://www.windtaskforce.org/page/corruption-in-maine-1

Deepwater Board:

http://dwwind.com/about/board-of-managers/

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Comment by Barbara Durkin on October 8, 2018 at 6:18pm
Bay State Wind is a 50% Ørsted: Failure-Blades 
February 23, 2018
“Ørsted must repair up to 2,000 wind turbine blades because the leading edge of the blades has worn down after just a few years at sea...”
 
“Ørsted's problems mean that almost 300 blades at the record-size Anholt offshore wind facility will have to be removed, shipped to shore and transported to Siemens Gamesa's factory in Aalborg. This is only after a few years of operation. 
 23, 2018
“Ørsted must repair up to 2,000 wind turbine blades because the leading edge of the blades has worn down after just a few years at sea...”
Mass Blade Fail Means Early ‘Retirement’ for Hundreds of Danish Wind Turbines stopthesethings.com/2018/03/30/mas
Bay State 50% Eversource:
“This joint venture for offshore wind development should send shivers up the spine of anyone...”
& Eversource partnership contracting w/ NEC:
NEC Storage is the former MA A123 Systems that filed for bankruptcy.  
A123 Systems battery storage for Fisker Karma cars resulted in the recall of 239 cars.  Massachusetts provided a $5 mil forgivable state MA loan; and a $263 federal loan.  
Before NEC begins work, citizens are on the hook for $268 mil.
BOSTON--(BUSINESS WIRBUSINESS WIREE)--Bay State Wind, the 50-50 partnership between Ørsted, the global leader in offshore wind, and Eversource, New England’s premier transmission builder, today announced that it has entered into a Letter of Intent to work collaboratively with Massachusetts-based NEC Energy Solutions to develop an energy storage solution for its 800MW wind / 55 MW – 110 MWh energy storage combined project. The Bay State Wind project will represent the world’s largest wind-paired energy storage system for commercial-scale energy, which will be located in the South Coast region of Massachusetts.
(EVERSOURCE Baystate) “joint venture for offshore wind development should send shivers up the spine of anyone...”
 
 11/18/17
[A U.S. District Court filed Class Action] “lawsuit alleges that 14.7 million customers in New England were affected by “a unique monopoly” between Eversource and Avangrid that resulted in $3.6 billion in over charges...”

“We still have interest in adding more offshore investments to our portfolio,” said Henrik Nohr Poulsen, executive director at Copenhagen-based PFA Pension A/S, one of the Orsted buyers.”

Orsted A/S recently soldi 50 percent of its Walney Extension wind farm in the U.K. to two Danish pension funds for 2 billion pounds.” https://www.bloomberg.com/news/articles/2018-04-09/offshore-wind-ch...https://www.bloomberg.com/news/articles/2018-04-09/offshore-wind-ch...

Comment by Barbara Durkin on October 8, 2018 at 6:15pm

Orsted w/ 2,000 failed blades, failing foundations, (Siemens/Gamesa 3.6 MW) is now the US Atlantic offshore “Powerhouse”, 

owjonline.com/news/view,rste…

(not one turbine installed). Europe’s subsidies evaporated.  US is a better climate 4 rent seekers. 

Orsted, AKA Baystate Wind, has 2,000 failed blades after only a few years in operation.  This issue is projected to take three years to resolve.  The blades must be repaired onshore, then returned to the wind arrays.  No blades, no production. 

What’s to prevent Orsted‘s junk from being recycled in US waters?

2018-

‘Dearth of wind power in Europe set to bring back dirty plants’

wind-watch.org/news/2018/10/0

 

2009-

‘Wind power will make Britain the dirty old man of Europe’

 

“The wind bloweth where it listeth… but thou canst not tell whence it cometh, and whither it goeth.”

 

https://www.wind-watch.org/news/2009/11/20/wind-power-will-make-britain-the-dirty-old-man-of-europe/

Orsted sells half of vast offshore wind farm for $5.88 billion

Published 5:43 AM ET Wed, 19 Sept 2018

First Prize

NE Book Festival

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT (excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010  http://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?"  http://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” http://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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