U.S. Seeks to Approve Dozens of Offshore Wind Projects in Years to Come

WASHINGTON/LOS ANGELES, May 25 (Reuters) – The Biden administration will seek to approve more than a dozen offshore wind projects in the next four years and open the Pacific Ocean off California to such development as it seeks to bolster the nascent U.S. industry, officials said on Tuesday.

The effort is part of the administration’s broader plan to fight climate change by decarbonizing the U.S. power sector by 2035 and the entire economy by 2050.

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Comment by Willem Post on May 28, 2021 at 9:18am

HIGH COSTS OF WIND, SOLAR, AND BATTERY SYSTEMS IN NEW ENGLAND

https://www.windtaskforce.org/profiles/blogs/high-costs-of-wind-sol...

Warren Buffett Riding the Subsidy Gravy Train

 

Quote: "I will do anything that is basically covered by the law to reduce Berkshire's tax rate, for example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit." 

https://www.usnews.com/opinion/blogs/nancy-pfotenhauer/2014/05/12/even-warren-buffet-admits-wind-energy-is-a-bad-investment

 

Green Mountain Power, GMP, Riding the Subsidy Gravy Train

 

Vermont utilities buy about 1.4 million MWh/y of hydro power, at 5.7 c/kWh, under a 20-y contract, from Hydro Quebec. The HQ electricity is not variable, not intermittent and does not cause midday solar bulges

 

GMP, a Canadian company, refuses to buy more hydro electricity from HQ, because that electricity would just be a “pass-through”, on which GMP would make minimal profit. HQ has plenty of electricity and is eager to sell it. This approach requires no subsidies!!

 

GMP rakes in millions of our hard-earned money, by investing in: 1) utility-scale solar/battery combos, 2) leasing heat pumps and 3) wall-hung Tesla batteries for playing “catch the peak games”.

 

GMP rides the subsidy gravy train, a la Warren Buffett, and plays the “green, forward-looking utility” role.

 

Per standard Wall Street practice for tax-sheltered projects, the cash value of the subsidies is about 45% of the project turnkey cost, which includes the costs of: 1) financing, 2) subsidies, 3) owner’s return on investment.

 

The subsidies are “front-loaded”, i.e., about 40% is recovered by GMP in the first 5 years, the other 5% in the remaining years, i.e., skimming the fat off the milk for GMP in the early years, and long-term increased costs for ratepayers and taxpayers.

 

Subsidies consist of:

 

1) Grants from various sources, such as the VT Clean Energy Development Fund

2) 26% federal investment tax credits, plus state FITs. Tax credits reduce, dollar-for-dollar, the taxes GMP pays on profits

3) 100% depreciation over 5 years; the normal for utilities is 20 to 25 years. Write-offs reduce GMP taxable income

4) Deductions of interest on borrowed money. Interest deductions reduce GMP taxable income. See URL

https://solarplusllc.com/macrs-and-bonus-depreciation/

Comment by Willem Post on May 26, 2021 at 3:06pm


Comment by Willem Post on May 26, 2021 at 2:30pm

European Companies Building Offshore Wind Systems

 

Almost the entire physical supply of US East Coast offshore wind systems would be by European companies, because they have the required expertise and the domestic onshore and seagoing facilities, due to building at least 25,014 MW (end 2020) of offshore turbine systems, during the past 35 years.

 

Those companies would hire qualified US labor, as needed. 
Those companies would build US facilities, as needed. 
Those companies would not be interested in training a potential competitor.

 

The EU vs the US

 

 The US, with a low-cost, self-sufficient, energy sector would attract European, Korean, Japanese, etc., energy-intensive, heavy-industry and industrial product production to the US.

 

Europe is interested to make sure the US has a high-cost electrical sector, with lots of high-priced wind and solar and batteries, to handicap the US, and to enhance its competitiveness vs the US. The UN is helping out by urging the US to expensively reduce its CO2 by 50% by 2030, which is not possible. See URL.

https://wattsupwiththat.com/2021/04/21/the-latest-co2-fantasy/

 

- Europe desperately needs more low-cost gas from Russia to remain competitive on world markets

- Europe has to build out wind and solar to limit energy imports from unstable countries; the US does not need to.

 

 

Comment by Willem Post on May 26, 2021 at 2:26pm

Offshore Wind Turbine Systems

 

The below image shows an output simulation, MW vs calendar time, based on actual, high-wind-speed, weather data, if 1,600 MW of offshore wind turbines would be located south of Martha’s Vineyard Island, MVI.

 

The almost 1,600 MW downward spikes of output, in a few hours, are far from trivial. They would create major havoc, if fed into the existing Cape Cod grid. ISO-NE has made studies of the impacts on existing grids, and costs of grid upgrades/extensions.

The wind turbines would be about 850 ft tall, with highly visible flashing strobe lights, even at 25 miles south of MVI.

 

The flat lines at the top of the image are due to the automatic limiting of the wind turbine output by feathering the rotor blades, to avoid high-speed winds destroying the wind turbines.

 

As shown, all of a sudden, the wind dies, and wind output spikes down from almost 1,600 MW to near zero, then, the wind suddenly reappears, and wind output spikes up from near zero to almost 1,600 MW.

 

During weather with high wind speeds, wind output is extremely variable, as proven by the image! 
ISO-NE has to make sure such extremes would be manageable under various scenarios, i.e., no surprises!

 

Existing CCGT plants, several thousand MW, would have to be in good operating condition, staffed and fueled, i.e., ready and able, to rapidly adjust outputs to counteract such extreme spikes.

 

Future Build-outs of Offshore Wind Turbine Systems

 

- MA, RI, and CT are planning to have 8460, 880, and 4160 MW, respectively, a total of 13,500 MW of offshore wind by 2035, much greater than the above 1600 MW.

- If the same simulation were made for 13,500 MW of wind turbines, the up/down spikes would be at least 10,000 MW

- The existing CCGT plants would be inadequate to counteract them, i.e., output curtailments would be required.

- The 2035 date has a ring of urgency to it, but likely would be unattainable in the real world. See page 13 of NE-pool URL

 

It would take at least 20 years to build out 13,500 MW wind turbines off the coast of New England, plus large-scale solar systems to reduce the NE grid CO2/kWh by about 30%

 

With that much wind and solar, the NE grid would become very unstable. The NE grid would need:

 

1) Curtailments of wind output, kWh, on windy days

2) Curtailments of solar output bulges on sunny days

2) Major connections to the Canadian grid

3) Grid-scale batteries, with a capacity of 3 to 4 TWh; turnkey capital cost about $1.5 to $2 TRILLION, at $500/kWh, delivered as AC

 

https://www.iso-ne.com/static-assets/documents/2020/02/2020_reo.pdf

https://nepool.com/uploads/NPC_20200305_Composite4.pdf

https://www.windtaskforce.org/profiles/blogs/reality-check-regarding-utility-scale-battery-systems-during-a

 

NOTE: Nearby countries import German overflow electricity, when it is windy and sunny, at low grid prices (because of a German surplus), and export to Germany, when it is not windy and not sunny, at high grid prices (because of a German shortage). 

The Netherlands is one of the major beneficiaries.

German households get to “enjoy” the highest electric rates in Europe, about 2.5 times as high as the US

Denmark, another wind country, is second!

https://wattsupwiththat.com/2021/04/08/germanys-windexitold-wind-turbines-dismantled-without-replacementlooming-massive-power-outage/

 

Maine Offshore Wind Turbine Systems

 

The ocean waters near Maine are deep. Almost all offshore wind turbines would need to be floating units, anchored at the seafloor with at least 3 long cables.

The 700-ft tall wind turbines would need to be located at least 25 miles from any inhabited islands, to reduce the visuals, especially with strobe lights, 24/7/365

The wind turbines would be far from major electricity demand centers, such as Montreal and Boston.

Transmission systems would be required to connect the wind turbines to demand centers

All that would make the cost of electricity produced by these wind turbines more expensive than those south of MVI.

http://www.windtaskforce.org/profiles/blogs/deep-water-floating-offshore-wind-turbines-in-maine

 

Maine is in active discussions with stakeholders to add 751 MW of onshore wind turbines.

Maine is not in active discussions with stakeholders to add offshore wind turbines, as shown by the interconnection proposals on page 13 of URL

https://nepool.com/uploads/NPC_20200305_Composite4.pdf

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/

 

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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