Some math done for the Highland Plantation Project :

King states natural gas prices drive the cost of electrical generation. Since last September, natural gas prices have stayed between 4 to 6 dollars per mmbtus. At $6 per mmbtu, electrical generation by gas is priced at $45 per megawatt/hour. (from ISO-NE).
King states the project will cost 273 million dollars to bring to operational stage.
King states a name plate capacity of 128.6 Megawatts/hr
Assume a 30% actual capacity to nameplate capacity which is above current performance.
The math shows:

Highland Project:

Cost of project: $273,000,000 (273 million dollars)

Name plate capacity: 128.6 Megawatts

Actual generating capacity: 128.6 x .30 ( 30% ) = 38.58 Megawatts

Annual generation: 38.58MW x 24(hours in day) x 365 ( days per year ) = 341,000MW/ year

Current natural gas price = $ 6.00 per mmbtu which corresponds to electrical generating price of $45/Megawatt

Income from generation: 341,000 x $45 = $15,300,000 per year ( 15.3 million per year)


Payback: 273,000,000 divided by 15,300,000 = 18 years

This isn't including maintenance and operational costs
This does not include federal subsidies.

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Comment by Dan McKay on March 4, 2010 at 3:35am
What is the payback period with the federal subsidy of 1.9 cents per kilowatt ?

341,000,000 kilowatts x .019 = $6,479,000 per year

$15,300,000 plus $6,479,000 = $21,779,000

$273,000,000 divided by $21,779,000 = 12.5 years payback
Comment by Charlie on February 26, 2010 at 9:21pm
I listened to an industry webinar about offshore wind. One of the speakers said offshore is about twice as expenseive as on shore. Conservation is the best bang for the buck in the short run. There's virtually no discussion of that. Instead we are supposed to marvel at ever more expensive ridiculous ways of making electricity. I'm missing something important here. Either I'm crazy and everybody else is fine or it's the other way around.

 

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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

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(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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