Record Hill Wind Upset With CMP Rate Increase to Help Residential Ratepayers With Stranded Costs From NEB
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Comment by Willem Post on October 26, 2023 at 1:13pm
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The wind is blowing “somewhere”
Is there a lot of wind in that “somewhere” place?
Is the somewhere place moving around?
Do we have wind turbines in all the “somewhere” places?
Turn the US into a collection of pin cushions, plus a lot of wires to connect them and to where people are consuming the electricity?US/UK 66,000 MW OF OFFSHORE WIND BY 2030; AN EXPENSIVE FANTASY
https://www.windtaskforce.org/profiles/blogs/biden-30-000-mw-of-off...EXCERPTS
New York State had signed contracts with EU big wind companies for four offshore wind projects
Sometime later, the companies were trying to coerce an additional $25.35 billion (per Wind Watch) from New York ratepayers and taxpayers over at least 20 years, because they had bid at lower prices than they should have.
New York State denied the request on October 12, 2023; “a deal is a deal”, said the Commissioner
Owners want a return on investment of at least 10%/y, if bank loans for risky projects are 6.5%/y.
The 3.5% is a minimum for all the years of hassles of designing, building, erecting, and paperwork of a project
Below contract prices, paid by Utilities to owners, are after a 50% reduction, due to US subsidies provided, per various laws, by the US Treasury to the owners. See Items 4 and 6
Oersted, Denmark, Sunrise wind, contracted at $110.37/MWh, contractor needs $139.99/MWh, a 27% increase
Equinor, Norway, Empire 1 wind, contracted at $118.38/MWh, contractor needs $159.64/MWh, a 35% increase
Equinor, Norway, Empire 2 wind, contracted at $107.50/MWh, contractor needs $177.84/MWh, a 66% increase
Equinor, Norway, Beacon Wind, contracted at $118.00/MWh, contractor needs $190.82/MWh, a 62% increase
https://www.windtaskforce.org/profiles/blogs/liars-lies-exposed-as-...The EIA continues its phony LCOE evaluations of wind and solar, which exclude major LCOE items, regarding:
Onshore grid expansion/reinforcement and very expensive battery system storage
A fleet of quick-reacting power plants for counteracting/balancing the variable output of wind/solar
Additional power plants for making up the electricity shortfall during low wind/solar conditions
Output curtailments during high wind/solar conditions, i.e., paying owners not to produce what they could have producedWind and solar would not exist without at least 50% subsidies and above freebies
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The Net-Zero by 2050 Ship Starting to Sink
https://www.windtaskforce.org/profiles/blogs/the-net-zero-by-2050-s...
Authored by Nicole James via The Epoch Times,
Almost the entire onshore and offshore wind industry is a European oligopoly.
These companies will be colluding, “on an informal basis”, to definitively screw the US to the global-warming CROSS (strike the iron, while it is hot), due to idiotic US and state bureaucratic mandates to “save the world”, which are aided and abetted by the subsidized, lapdog media and academia
It is unspoken EU policy to saddle the US economy with high energy costs, using IPCC, WEF, etc., scare-mongering about global warming, to prevent European companies from relocating in the US, etc.
The all-in capital cost of Biden’s 30,000 MW of offshore wind will be at least $180 billion, sea-to-shore, which has a levelized cost of energy of at least 36 c/kWh, without subsidies, at least 17 c/kWh, with subsidies, according to latest data presented by bidders to New York State,
- plus at least $25 to $30 billion of onshore grid extension/reinforcement, which has a levelized cost, c/kWh, including extra O&M,
- plus the on-going levelized cost, c/kWh, of a fleet of power plants to counteract the ups and downs of wind output, on a less than minute-by-minute basis, and fill in whatever electricity is missing to meet demand, 24/7/365, year-after-year,
- plus the cost, c/kWh, of curtailments during higher wind conditions
BTW, China has restricted the export of graphite, a key ingredient for making batteries.
Graphite will be scarce and expensive in the future.https://wattsupwiththat.com/2023/10/24/china-restricts-exports-of-g...
Thank the Lord for giving us fossil fuels, for without them, we would be way up the creek without a paddle.
Tens of thousands of items, used every day, are made from derivatives of coal, oil, and gas.
Wind and solar only produce grid-disturbing, expensive electricity
Offshore Wind
World: During 2021, worldwide offshore wind capacity put in operation was 17,398 MW, of which China 13,790 MW and the rest of the world 3,608 MW, of which UK 1855 MW; Vietnam 643 MW; Denmark 604 MW; Netherlands 402 MW; Taiwan 109 MW
Of the 17,398 MW, just 57.1 MW was floating capacity.
By the end of 2021, 50,623 MW was in operation, of which just 123.4 MW was floating
https://www.energy.gov/eere/wind/articles/offshore-wind-market-repo...
State of Maine: Multi-millionaire wind-subsidy chasers, with minimal regard for impacts on the environment and already-overstressed, over-taxed, over-regulated ratepayers and taxpayers, want to have about 3,000 MW of floating wind turbines by 2040, a totally unrealistic goal.
Those floaters would cost at least $7,500/kW, or at least $22.5 billion, if built in 2023 (more after 2023), and would produce electricity at about 40 c/kWh, without subsidies, about 20 c/kWh with subsidies, the price at which owners would sell to utilities.
https://www.maine.gov/governor/mills/news/governor-mills-signs-bill...
European Big Wind Conglomerates in Deep Financial Trouble
The top four turbine producers in Europe have lost about $7 billion, of which $5 billion in 2022.
Oersted may write off more than $2 billion tied to three US-based projects – Ocean Wind 2 off New Jersey, Revolution Wind off Connecticut and Rhode Island, and Sunrise Wind off New York.
New York State had signed contracts with EU big wind companies for four offshore wind projects
Sometime later, the companies were trying to coerce an additional $25.35 billion (per Wind Watch) from New York ratepayers and taxpayers over at least 20 years, because they had bid at too low prices than they should have.
New York State denied the request on October 12, 2023; “a deal is a deal”, said the Commissioner
Below contract prices, paid by Utilities to owners, are after a 50% reduction, due to US subsidies provided, per various laws, by the US Treasury to the owners. See Items 4 and 6 of URL
Oersted, Denmark, Sunrise wind, contracted at $110.37/MWh, contractor needs $139.99/MWh, a 27% increase
Equinor, Norway, Empire 1 wind, contracted at $118.38/MWh, contractor needs $159.64/MWh, a 35% increase
Equinor, Norway, Empire 2 wind, contracted at $107.50/MWh, contractor needs $177.84/MWh, a 66% increase
Equinor, Norway, Beacon Wind, contracted at $118.00/MWh, contractor needs $190.82/MWh, a 62% increase
Inflation Reduction Act, IRA, Subsidies: The 30% Investment Tax Credit, ITC, can be applied to any taxes owed; plus deducting loan interest from any taxable income; plus 5-y depreciation of the project; plus, the recently added, Production Tax Credit, PTC, can be applied to any taxes owed.
They amount to a reduction of electricity production costs of at least 55%
If production costs for floating offshore in Maine is 40 c/kWh, without subsidies, it would be 18 c/kWh, with subsidies, the price at which a utility would buy the electricity from the multi-millionaire Owners.
Such Owners likely have lucrative, long-term tax shelters.
They do not live in Maine, but in the poshest places elsewhere
Whereas, already-overtaxed, over-regulated, struggling, hard-working Mainers, in a near-zero, real-growth economy, plagued with high inflation and stagnant real incomes, are told to suck it up to “save the world”
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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