Aroostook Wind Sites Being Eyed by People's Republic of China?

EDP Renewables: "We need to lay low with this type of president"

Trump, whose animosity towards wind energy has put the industry on edge, was a major topic of discussion at the summit, the first large gathering of industry leaders since he took office. Some of his policy priorities, they agreed, have generated significant uncertainty for the industry......some of the changes being proposed could curb the availability of tax equity and the amount of tax benefits for projects, increase the cost of debt, and ultimately drag down internal rates of return for developers.

Separately, please note that in the Wikipedia entry for China Three Gorges (CTG), owned by the People's Republic of China, EDP Renewables' parent company, Energies de Portugal is listed as a CTG subsidiary. Could this be accurate?

So if true, could it be that China in essence is helping itself to "Free Money" in the U.S. and feels that by avoiding President Trump it can keep its hand in the cookie jar, i.e., the one you and I fill with cookies every April 15?

EDPR is of course the supposed "Houston, TX -based" company that is hoping to erect scores of wind turbines in Aroostook County, although they withdrew their application in December 2016 for lack of transmission.




On page 10 of the 6/30/16 EDPR "Director's Report" financial statement available at the link below, it discusses that CTG assumed a 49% equity shareholding position in EDPR and then states that in 2015, new agreements were made and that these agreements are pending regulatory and other approvals (on 6/30/16) and thusly, they are not yet reflected in 2016 accounting.


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Comment by Whetstone_Willy on March 3, 2017 at 1:42pm

How stupid are we, with $20 trillion in debt, to be handing out welfare to foreign countries who don't like us and in this case who want to destroy capitalism? How stupid are we to let them destroy bucolic Maine in the course of draining the treasury? The answer is we are not stupid so much as completely ill informed by the media who are accomplices of the globalists trying to conquer America. We also need to identify and remove all our corrupt politicians and regulators who aid and abet these enemies, simply to line their pockets. Treasonous is not too strong a word.

Comment by Eric A. Tuttle on March 2, 2017 at 10:00pm

Since China owns most of the U.S. Debt, as in the past unless Trump slams the door, it leverages that debt into places such as U.S. jobs. This is one of the reasons that TPP was so damn dangerous. Without TPP it becomes more difficult, but not totally impossible using other trading nations. All of these "FREE" trade agreements are dangerous. 

Oil, favored by Trump, at least in Canada via the Keystone XL will provide a conduit pipeline for Canadian oil Owned By China. Oil rights purchased back in 2012-2013 time frame. Dakota Access also ties to that same Canadian Oil with China's ownership. Though the investments in Tar Sands aka Oil Sands is diminishing as the most expensive oil in the world, Fracking extraction with its 528 secret toxic chemicals and Well injection dumpings is becoming the option of choice.  Though Oil and Coal have a higher energy concentration, they can with new technology and obtainable efficiency standards, this time around become the greenest energy. We have squandered to much in the past. 

Comment by Paula D Kelso on March 2, 2017 at 7:23pm

Kind of iffy right now for investors isn't it? Big money pulling out of wind and solar?? If China has ownership of some of these companies won't they steer in the direction of projects likely to be favored by Trump's administration?? Too much invested already to shift direction?? Some last ditch efforts to maintain the 'renewable' momentum?? Lot of weighing the zeitgeist of saving the planet??


Comment by Willem Post on March 2, 2017 at 1:04pm

Here is an article about a very expensive wind energy folly in New England, which had nothing to do with Trump, but had everything to do with Wall Street greed-is-good approach.


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 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?" 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.”

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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."

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