Grant Failure Casts Doubt on Future of Maine Offshore Wind Project

BREAKING NEWS: Feds give Chinese-backed firm $47 million to build w...

So much for the will of the states. You really have to wonder what is going on behind the scenes in 2014 Washington, D.C. At least the money doesn't befoul the Gulf of Maine.

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Grant. As in gift. As in taxpayer and ratepayer funded gift. With First Wind's Kurt Adams planted on the University's Board of Trustees to boot.

Grant Failure Casts Doubt on Future of Maine Offshore Wind Project

05/07/2014   Reported By: Jennifer Mitchell

http://www.mpbn.net/Home/tabid/36/ctl/ViewItem/mid/5347/ItemId/3362...

UMaine gets small grant for offshore wind project, but far less than $47 million hoped for

http://bangordailynews.com/2014/05/07/news/bangor/umaine-gets-small...

UMaine’s offshore wind project fails to win $46 million federal grant

The U.S. Department of Energy’s decision deals the floating wind farm pilot project a major setback.

http://www.pressherald.com/news/UMaine_s_offshore_wind_project_fail...

I think Warren Buffet (as reported earlier this week in the Wall Street Journal) sums up the whole house of cards pretty well. Thanks for coming clean Mr. Buffett.

The Real Buffett Rule

The billionaire was even more explicit about his goal of reducing his company's tax payments. "I will do anything that is basically covered by the law to reduce Berkshire's tax rate," he said. "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."
Think about that one. Mr. Buffett says it makes no economic sense to build wind farms without a tax credit, which he gladly uses to reduce his company's tax payments to the Treasury. So political favors for the wind industry induce a leading U.S. company to misallocate its scarce investment dollars for an uneconomic purpose. Berkshire and its billionaire shareholder get a tax break and the feds get less revenue, which must be made up by raising tax rates on millions of other Americans who are much less well-heeled than Mr. Buffett.
May 4, 2014 6:57 p.m. ET

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Comment by Martha thacker on May 7, 2014 at 5:05pm

"When will the University start telling the truth?"

When there are no more federal and state hand outs for supporting wind.

Comment by Long Islander on May 7, 2014 at 3:41pm
University of Maine Grades Itself Quite Generously on Wind Power
The facts have been in for years but never acknowledge by the University of Maine: the UMPI wind turbine, the state's sole field experiment in land-based wind is a total failure based on its miserable and totally predicted (by some) production.
With the UMPI wind turbine five year anniversary coming up in about one week, it would be nice if the University would have the courage to report back to the citizens of Maine on what it has learned about the truthfulness of wind industry promises. After all, it is their job to educate. Is this Maine or 1960's Novosibirsk?
On MPBN Maine Watch's "Wind's of Change" special, Part 2, with Jennifer Rooks, UMPI president Donald Zillman, the driving force behind the University's $2 million wind turbine (an expenditure of public funds), was asked to provide his level of satisfaction with the turbine.
He stated that "On a 1 to 10 scale, I give this project an 11".
When will the University start telling the truth?
See the video at:

 

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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