Renewable energy’s economic model collapsing as REC prices plummet
Renewable energy’s
economic model collapsing
as REC prices pl um me t
Green energy projects are often said to be cost-effective, but one of the financial aids that makes them viable has lost significant value, and appears to be on the verge of collapsing.
Over the past year, renewable energy credits, or RECs, have lost more than half their value. Prior to the downswing, these financial instruments accounted for nearly half of returns from renewable investments.
“That’s why RECs exist — they needed to find a way to pay more money to incent renewables to be built,” said Lisa Linowes, executive director of the New Hampshire-based Wind Action Group. “It’s a market-based subsidy.”
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Comment
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Comment by Eric A. Tuttle on December 12, 2016 at 4:35am
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Spare the Rod, Spoil the Child --- is appropriate on many levels. Now we are seeing the fringe end of an extreme.
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Comment by Eskutassis on December 10, 2016 at 4:48pm
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It truly is amazing how pseudo scientists have bamboozled supposedly intelligent people into believing these projects are good for the environment, the economy, humankind, children, yada, yada, yada. The sad part of this whole exercise is that our education system has failed, and kids today are not taught critical thinking. They are not taught science or real history. We are not training leaders, rather followers of dogma that is ingrained at very early ages. They are taught fear and intransigence of any idea that is not their dogma. We have all known the fraud these projects have been built on for a long time, and now, maybe, the chickens have come home to roost.
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That one appears to be atop a closed landfill (my guess) however the landfills should not exist if the Greenies applied their efforts equally to sourcing GHG's.
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Comment by Thinklike A. Mountain on December 10, 2016 at 10:49am
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That solar monstrosity is a total insult to the pastoral beauty of Vermont. The new breed of sleazy insider cheats thirsting for their next quick buck has no respect for the New England countryside or their neighbors. Particularly disgusting is they masquerade as doing it all for some higher moral purpose. Get a real job scoundrels.
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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