It's About Time for the Maine PUC to Eliminate the "Renewable Energy Credit" Program
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Comment by Willem Post on August 7, 2023 at 8:55am
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Here are two articles revealing the costs of UK/US offshore wind systems.
The electricity costs are at least 15 c/kWh, for
1) Wind turbines and about 30 miles of cabling to shore
2) Expansion/augmentation of onshore grids
3) A fleet of quick-reacting power plants to counteract the ups and downs of variable wind (and solar) output, 24/7/365.If li-ion battery systems were contemplated, they would add at least 20 c/kWh to the cost of any electricity passing through them, during their 15-y useful service lives!
US/UK 56,000 MW OF OFFSHORE WIND BY 2030; AN EXPENSIVE FANTASY
https://www.windtaskforce.org/profiles/blogs/biden-30-000-mw-of-off...
EXCERPTThe US government, not the US people, has the insane fantasy of wanting to build 30,000 MW of offshore by 2030, i.e., just 7 years, but several companies, building projects for Massachusetts, will be allowed to walk away from the signed PPAs, and rebid at much higher prices next year.
The UK government, not the UK people, has the insane fantasy of wanting to build 26,000 MW of offshore by 2030, i.e., in just 7 years, but Vattenfall, a Swedish company, is putting 4,200 MW on hold, because Vattenfall spreadsheets show a “net revenue shortage” of about 40%, meaning the prices, c/kWh, offered by the UK auctions are about 40% too low.
BTW, about 7,000 MW offshore was accepted after the 4th Auction bids in 2022; at least 4,200 MW are on hold.
The continent-based European big wind companies have only one third of the capacity per year for building 56,000 MW offshore by 2030, or 8,000 MW/y.
These companies will concentrate on the U.S. market, because the Biden “Inflation-Reduction-Act” subsidies are at least 50% higher than in the UK
NOTE: “The expense associated with a typical US offshore project, before bonus tax credits related to the Inflation Reduction Act, has increased by 57% since 2021,” Bloomberg recently reported, citing figures from Bloomberg-NEF.
“Inflation of materials, energy, components, and labor costs explain about 40% of that, with 60% due to increased interest rates.”NOTE: The EU, the UK and the Fed central banks just increased interest rates, which will make everything more expensive.
BATTERY SYSTEM CAPITAL COSTS, OPERATING COSTS, ENERGY LOSSES, AND AGING
https://www.windtaskforce.org/profiles/blogs/battery-system-capital...
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Dan,
Instead of “feels”, I suggest “judges” or “deems”
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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