Abu Dhabi Future Energy Company chooses wind energy for its first North American investment

The company, a subsidiary of Emirati investment vehicle Mubadala Investment Company, on Tuesday announced its share purchase agreement to buy British developer John Laing Group's interest in wind farms in Texas and New Mexico. While the exact dollar value of the deal has not been disclosed, Masdar's leadership described it as being "north of $100 million."

Read the full article at the following weblink:

https://www.cnbc.com/2019/01/15/abu-dhabi-renewables-leader-chooses...

Mubadala Investment Company PJSC (Arabic: شركة مبادلة للاستثمار‎) (Mubadala) is a state-owned holding company that can be characterized as a sovereign wealth fund. It was established in January 2017 as a Public Joint Stock Company, merging the Mubadala Development Company and the International Petroleum Investment Company, and is a wholly owned investment vehicle of the government of Abu Dhabi, in the United Arab Emirates.

Mubadala’s mandate is to facilitate the diversification of Abu Dhabi’s economy.

The full Wikipedia entry can be read at the following weblink: https://en.wikipedia.org/wiki/Mubadala_Investment_Company

Related article albeit from a few years ago

In early 2009 the Socialist government of Spain reduced alternative energy subsidies by 30%.  Calzada continues:

"At that point the whole pyramid collapsed.  They are firing thousands of people.  BP closed down the two largest solar production plants in Europe.  They are firing between 25,000 and 40,000 people...."

"What do we do with all this industry that we have been creating with subsidies that now is collapsing?  The bubble is too big.  We cannot continue pumping enough money.  ...The President of the Renewable Industry in Spain (wrote a column arguing that) ...the only way is finding other countries that will give taxpayers' money away to our industry to take it and continue maintaining these jobs."

That "other country" is the United States of America.

 

Read the full article at the following weblink: https://www.americanthinker.com/articles/2010/02/wind_energys_ghost...

Ocasio-Cortez’s ‘Green New Deal’ Drafted Over a Weekend By Millennial Staffers, Activists

https://www.infowars.com/ocasio-cortezs-green-new-deal-drafted-over...

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Comment by Jim Wiegand on January 20, 2019 at 12:59pm

Oil is especially dirty when their profits are poured into wind energy. In the media, Oil investors have done a very good job separating themselves from green energy. This helps to keep up green energy's fraudulent image and it's massive golden goose profits. If people really knew that the profiteers behind oil and wind are well connected, they would look at both as one in the same. And they should. Then think about how stupid sellout groups like Sierra Club and Audubon would look if people really knew they were indirectly propping up corporate oil profits.

Comment by John F. Hussey on January 18, 2019 at 12:16pm

This has ZERO to do with energy and EVERYTHING to do with TAX and PRODUCTION CREDITS!

 

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

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(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 https://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?" https://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.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"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."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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