Wind Energy: The Wheels are Coming Off the Gravy Train

Wind Energy: The Wheels are Coming Off the Gravy Train 

Posted on May. 14, 2012

Wind Energy: the wheels are coming off the gravy train

The wind energy industry has been having a hard time. The taxpayer funding that has kept it alive for the last twenty years is coming to an end, and those promoting the industry are panicking.

Perhaps this current wave started when one of wind energy’s most noted supporters, T. Boone Pickens, “Mr. Wind,” in an April 12 interview on MSNBC said, “I’m in the wind business…I lost my ass in the business.”

The industry’s fortunes didn’t get any better when on May 4, the Wall Street Journal (WSJ) wrote an editorial titled, “Gouged by the wind”, in which they stated: “With natural gases not far from $2 per million BTU, the competitiveness of wind power is highly suspect.” Citing a study on renewable energy mandates, the WSJ says: “The states with mandates paid 31.9% more for electricity than states without them.”

Then, last week the Financial Times did a comprehensive story: “US Renewables boom could turn into a bust” in which they predict the “enthusiasm for renewables” … “could fizzle out.” The article says: “US industry is stalling and may be about to go into reverse. …Governments all over the world have been curbing support for renewable energy.”

Michael Liebreich of the research firm Bloomberg New Energy Finance says: “With a financially stressed electorate, it’s really hard to go to them and say: ‘Gas is cheap, but we’ve decided to build wind farms for no good reason that we can articulate.’” Christopher Blansett, who is a top analyst in the alternative-energy sector in the Best on the Street survey, says, “People want cheap energy. They don't necessarily want clean energy.”

It all boils down to a production tax credit (PTC) that is set to expire at the end 2012. Four attempts to get it extended have already been beaten back so far this year—and we are only in the fifth month. The Financial Times reports: “Time-limited subsidy programmes…face an uphill battle. The biggest to expire this year is the production tax credit for onshore wind power, the most important factor behind the fourfold expansion of US wind generation since 2006. Recent attempts in Congress to extend it have failed.”

According to the WSJ, “The industry is launching into a lobbying blitz.” The “2012 Strategy” from the American Wind Energy Association includes:

  • “To maximize WindPAC’s in?uence, WindPAC will increase the number of fundraisers we hold for Members of Congress.”

  • “Continue the Iowa caucus program to ensure the successful implanting of a pro-wind message into the Republican presidential primary campaign.”

  • “Respond quickly to unfavorable articles by posting comments online, using the AWEA blog and twitter, and putting out press releases.”

  • “Continue to advocate for long term extension of PTC and ITC option for offshore wind.”

  • “AWEA requested a funding level of $144.2 million for FY 2012 for the Department of Energy (DOE) Wind Energy Program, an increase of $17.3 million above the President’s Congressional budget request.”

A wind turbine manufacturer quoted in the Financial Times article says, “If the PTC just disappears, then the industry will collapse.” Regarding United Technologies plans to sell its wind turbine business, chief financial officer Greg Hayes admitted: “We all make mistakes.”

Despite twenty years of taxpayer funding, according to the Financial Times, “Most of these technologies are unable to stand on their own commercially, particularly in competition with a resurgent natural gas industry that has created a supply glut and driven prices to 10-year lows.” The WSJ opines: “the tax subsidy has sustained the industry on a scale that wouldn’t have been possible if they had to follow the same rules as everyone else.” A level playing field would mean that wind developers would lose the exemptions from environmental and economic laws.

It is the fear of having to play by “the same rules as everyone else”—like the free market does— that must have propelled the anti-fossil fuel Checks and Balances Project to dig deep to unearth a “confidential” document. The brainstorming document was designed to trigger conversation during an initial meeting of grassroots folks with a common goal—the document’s author didn’t even join us and his ideas received little attention. The meeting was February 1 and 2. I was there. But suddenly, on May 8, our little meeting is in the news.

Many of us who were at the meeting received calls from a variety of publications includingThe National JournalThe Washington Times and Bloomberg News—none of whom ran with the story (after talking to a number of us, the Bloomberg reporter concluded “I don't think we're writing a story about this”)—and The Guardian who did. The Guardian story was picked up and expanded on in Environment & Energy (the reporter did talk to several of us), HuffPostTree Hugger, Think Progress’ Climate Progress, and others. (Note: Climate Progress and Tree Hugger remove any comment in opposition to wind energy as soon as it is posted.) From there, some form of the story is all over the Internet.

The wind energy industry panic explains the sudden interest, but why our little group?

Washington Examiner columnist, Timothy Carney, provides the answer: “AWEA plans ‘continued deployment of opposition research through third parties to cause critics to have to respond,’ the battle plan states. In other words: When people attack AWEA's subsidies, AWEA might feed an unflattering story on that person to some ideological or partisan media outlet or activist group.” We are the people who have attacked the subsidies and AWEA has, through a “third party” fed “an unflattering story” to a “partisan media outlet.” Our collaborative actions have helped block the PTC extension efforts.

A common thread in the news stories is that we are really an oil-and-gas funded entity. They’ve tied us to the Koch Brothers. We all wish. Apparently they can’t believe that individuals and local groups can think for themselves and impact public policy without a puppet master telling us what to do and say.

This article continues here.

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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

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(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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