Maine is pushing offshore wind as Mass. projects founder - Avangrid Pulls Plug on Mass Offshore Wind
How stupid are we?
CMP Parent Company Pulls Plug on Mass Offshore Wind
Maine lawmakers are pushing offshore wind even as Mass. projects founder
Steve Robinson
July 24, 2023
EXCERPTS
From Commonwealth Magazine:
“The $48 million termination payment will be paid in three installments to the utilities — $25,900,800 to Eversource, $21,619,200 to National Grid, and $480,000 to Unitil – and the money will be reimbursed to ratepayers, according to filings with the Department of Public Utilities, which approved the power purchase agreement at the end of last year and must now approve the termination agreement.”
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The deals will allow the offshore wind developers, who claimed the war in Ukraine, rising interest rates, inflation, and supply chain disruptions made it impossible to finance their projects without pricing adjustments, to move on from those deals and rebid the projects at higher prices in the state’s next procurement in 2024.
According to the report, Shell and Ocean Winds North America, the developers on a separate Mass.-based wind power project, are seeking a similar termination agreement.
The implosion of under-contract offshore wind power developments in Massachusetts has big implications for Maine.
Constructing massive wind turbines in the Gulf of Maine has been a top priority for Gov. Janet Mills and most Democratic lawmakers. They theorize that constructing the turbines will reduce carbon emissions associated with Maine’s electrical grid, thereby mitigating the impacts of climate change.
LD 1895, a bill that would create a construction port on Maine’s coast where the turbines could be assembled, is one of the few remaining items of business on the Legislature’s agenda.
Over the past several years, wind power backers have attempted to reckon with the environmental impact of the turbines, the disruption to fisheries, and the role of union labor in building the port and working on future projects.
However, the news from Massachusetts points to what might be a bigger concern: financial feasibility.
Electricity generated from offshore wind is, on average, nearly three times as expensive as onshore wind power and is 3.4 times more expensive than power produced at natural gas generators, according to data from the Energy Information Administration (EIA)...........................................
......................But the cancellation of other New England area offshore wind projects due to profitability problems raises the question of whether Maine’s windpower backers are realistically portraying the scale of cost increases associated with the project.
https://www.themainewire.com/2023/07/cmp-parent-company-pulls-plug-...
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Comment
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Comment by Thinklike A. Mountain on July 28, 2023 at 12:47pm
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Do They WANT Him Assassinated? Biden-Harris Regime DENY Secret Service Protection for RFK Jr
https://thelibertydaily.com/do-they-want-him-assassinated-biden-har...
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Comment by Willem Post on July 28, 2023 at 11:11am
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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...EXCERPT
The 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.
The continent-based European big wind companies have only one third of the capacity per year for building 56,000 MW offshore in seven years, 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 EU, the UK and the Fed central banks just increased interest rates, which will make everything more expensive.
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Those FLOATER wind turbineS produce the most expensive electricity, c/kWh, according to U.K. experience in the deep Scotland area of the North Sea.
They get higher subsidies than other offshore wind turbines in the shallow North Sea near EnglandAll that has been known for at least 10 years in the U.K., which had 14,000 MW of OFFSHORE wind turbines in operation at end 2022.
ELSEWHERE IN Scotland, about 15 million trees were cut down to improve wind conditions for ONSHORE wind turbines.
CHINA AND INDIA, ETC., ARE GROWING THEIR ECONOMIES AT HIGHER PERCENTAGES THAN THE WEST, BECAUSE THEY USE FOSSIL FUELS, AND BECAUSE THEY DO NO WANT TO KOW TOW TO THE WIND, SOLAR, BATTERY MANIA OF THE GOLDEN BILLION, AKA the WEST
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Comment by Dan McKay on July 25, 2023 at 5:40am
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Another sick proposal from a sick governor
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Maine is a rich state
Its people are flush with money….
They can afford the most expensive luxury items, including FLOATING offshore wind, which is the most expensive of ALL offshore wind, based on U.K. experience in the North Sea, near Scotland.
The UK FLOATERS are covered with a much more generous subsidy regime, to attract “investors with lucrative tax-shelters”
Every Maine Legislator knows this, but nevertheless will vote for more FLOATERS, come hell or high water.
Even Warren Buffett is staying away from any offshore, including FLOATERS, because of the risks, and the huge environmental damage to fishes, and lobsters, and whales, and sea birds.
Buffett is rich, but also has a conscious.
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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