From ZeroHedge:
"Orsted A/S was hit with a massive 16 billion Danish kroner ($2.3 billion) impairment on its US portfolio due to snarled supply chains, soaring interest rates, and easy money tax credits drying up -- a warning sign the green energy revolution bubble is in trouble."
Here's the full report:
https://www.zerohedge.com/markets/worlds-largest-offshore-wind-farm...
Comment
The Cloward-Pivening of America
The open borders bringing millions of foreigners into our country, changing our demographics forever. The explosion of welfare and bailouts. The Green New Deal. The destruction of our military. The end of the dollar as world reserve currency. The plans for pandemic lockdowns, climate change lockdowns and Central Bank Digital Currency. The censorship, banning of dissent, and weaponization of government against conservatives and Christians. Defund the police. The vicious criminals let out without bail. Critical Race Theory and Transgender brainwashing. Persecution of PTA parents. Conservatives and Christians classified as “domestic terrorists.” The arrest of political opponents. 87,000 new IRS agents. It’s all about Cloward Piven and communist-level control.
Weblink:
https://www.thegatewaypundit.com/2023/09/wayne-root-tucker-is-outin...
The end of the green debacle can't come too soon.
Here is a short recap of how we got here
Europe used to be smarter by using plentiful low-cost Russian gas, but woke Brussels pissed off Russia with its “energy packages” (applauded by the U.S., because it has LNG for sale at much higher prices), plus the U.S. goaded Ukraine to become a ferocious barking dog from 2014 Kiev Coup d'Etat onwards, committing genocide/ethnic cleansing by killing about 16,000 ethnic Russians in the Dombass area over 8 years, 2014-2022, and eradicating Russian culture everywhere in Ukraine (with tacit approval of US/EU/NATO), all while woke Brussels insisted on more of highly subsidized, expensive wind/solar/batteries to eliminate those evil, abundant, low-cost fossil fuels, much beloved by China, India, etc., which have no intention to follow the West down its expensive rules-based/alternatives hell hole, as promulgated in Paris, and promoted by the private plane glitterati, such as totally-ineffective John Kerry
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...
BATTERY SYSTEM CAPITAL COSTS, OPERATING COSTS, ENERGY LOSSES, AND AGING
https://www.windtaskforce.org/profiles/blogs/battery-system-capital...
U.S. Sen Angus King
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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We have the facts on our side. We have the truth on our side. All we need now is YOU.
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-- Mahatma Gandhi
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Vince Lombardi
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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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