REJOICE: Wind power industry leader calls quits for Vermont

.................Blittersdorf cites a hostile political climate for his recent decision, and he credits Gov. Phil Scott, who campaigned on opposing industrial wind development in 2016, as the main force behind this new reality.

“In 2012 there were over a dozen wind projects in development. Now there are none,” he said. “This is truly a sad state of affairs for Vermont. Climate change is the greatest challenge of our time. We must combat the carbon emissions crisis and move to a renewable energy-based future.

“We simply can’t do this without wind energy as part of the mix. Anyone who tells you otherwise either doesn’t understand the science, or is lying.”......................

One of the most vocal opponents of industrial wind turbines in Vermont has been Steven Therrien, who formerly lived near the 40-megawatt Sheffield Wind Farm. While that was not a Blitersdorf project, he had said his family suffered so much from the sound and “infrasound” coming off the project that his family sold their home at a big loss. Therrien passed away suddenly at home on Jan. 2.

When lawmakers took action three years ago to set decibel limits for turbines, to protect Vermonters’ health, Blittersdorf’s reaction was that the limits were too stringent. He said they would amount to a “ban on wind.”

Annette Smith, director of Vermonters for a Clean Environment, has been a critic of Blittersdorf. She told True North that Vermonters are “celebrating the end of aggressive wind energy developers who have attempted to force inappropriate technology into Vermont’s rural communities that oppose industrial wind turbines.”

“We hope that renewable energy developers have learned from the numerous failed industrial wind turbine proposals of the last decade how important it is to work with the people who live here,” she added.

Read the full article at:

https://www.wind-watch.org/news/2020/01/24/wind-power-industry-lead...

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Comment by Willem Post on January 26, 2020 at 4:23pm

Blittersdorf threatened to move to NY if he did not get his subsidies a few years ago.
He is still here in Vermont causing trouble and lining his pockets, at the expense of all others?

Indirect subsidies are due to loan interest deduction and depreciation deductions from taxable incomes.

Direct subsidies are due to up front grants, waiving of state sales taxes, and/or local property (municipal and school) taxes. See URL.

An owner of ridgeline wind would have to sell his output at 18.8 c/kWh, if the owner were not getting the benefits of cost shifting and upfront cash grants and subsidies.

That owner could sell his output at 16.4 c/kWh, if his costs were reduced due to cost shifting.

He could sell his output at 9 c/kWh, if on top of the cost shifting, he also received various subsidies. The same rationale holds for solar.

The corresponding SOLAR numbers are 23.5 c/kWh, 21.4 c/kWh, 11.8 c/kWh

In NE construction costs of ridgeline wind and offshore wind are high/MW, and the capacity factor of wind is about 0.285 and of solar about 0.14. Thus, NE wind and solar have high prices/MWh.

In US areas, such as the Great Plains, Texas Panhandle and Southwest, with much lower construction costs/MW and much better sun and wind conditions than New England, wind and solar electricity prices/MWh are less.

Those lower prices often are mentioned, without mentioning other factors, by the pro-RE media and financial consultants, such as Bloomberg, etc., which surely deceives the lay public

Future electricity cost/MWh, due to the planned build-out of NE offshore wind added to the planned build-out of NE onshore wind, likely would not significantly change, because of the high costs of grid extensions and upgrades to connect the wind plants and to provide significantly increased connections to the New York and Canadian grids.

NOTE: For the past 20 years, Germany and Denmark have been increasing their connections to nearby grids, because of their increased wind and solar.

The subsidy percentages in below table are from a cost analysis of NE wind and solar in this article. See URL.
http://www.windtaskforce.org/profiles/blogs/excessive-subsidies-for...

Comment by Willem Post on January 26, 2020 at 4:22pm

Wind and Solar Subsidies Provide a Bonanza for Wall Street and Blittersdorf
http://www.windtaskforce.org/profiles/blogs/cost-shifting-is-the-na...

This URL shows wind and solar prices per kWh would be at least 50% higher without direct and indirect subsidies. They would be even higher, if the costs of other items were properly allocated to the owners of wind and solar projects, instead of shifted elsewhere. See below section High Levels of Wind and Solar Require Energy Storage.

About 2/3 of the financial value of a wind project is due to direct and indirect subsidies, and the other 1/3 is due to electricity sales.

– Indirect subsidies are due to federal and state tax rebates due to loan interest deductions from taxable income, and federal and state MARCS depreciation deductions from taxable income.

– Direct subsidies are up-front federal and state cash grants, the partial waiving of state sales taxes, the partial waiving of local property, municipal and school taxes.

Any owner, foreign or domestic, of a wind and/or solar project, looking to shelter taxable income from their other US businesses, is allowed to depreciate in 6 years almost the entire cost of a wind and solar project under the IRS scheme called Modified Accelerated Cost Recovery System, MARCS. The normal period for other forms of utility depreciation is about 20 years.

Then, with help of Wall Street financial wizardry from financial tax shelter advisers, such as BNEF*, JPMorgan, Lazard, etc., the owner sells the project to a new owner who is allowed to depreciate, according to MARCS, almost his entire cost all over again. Over the past 20 years, there now are many thousands of owners of RE projects who are cashing in on that bonanza.

Loss of Federal and State Tax Revenues: The loss of tax revenues to federal and state governments due to MARCS was estimated by the IRS at $266 billion for the 5y period of 2017 – 2021, or about $53.2 billion/y.
The IRS is required to annually provide a 5y-running estimate to Congress, by law.
The next report would be for the 2018 – 2022 period

The indirect largesse of about $53.2 billion/y, mostly for wind and solar plants^ that produce expensive, variable/intermittent electricity, does not show up in electric rates. It likely is added to federal and state debts.

Most of the direct federal subsidies to all energy projects of about $25 billion/y also do not show up in electric rates. They likely were also added to the federal debt.

Most of the direct state subsidies to RE projects likely were added to state debts.

The additional costs of state-mandated RPS requirements likely were added to the utility rate base for electric rates.

* BNEF is Bloomberg New Energy Finance, owned by the pro-RE former Mayor Bloomberg of New York, which provides financial services to the wealthy of the world, including providing them with tax avoidance schemes.

^ In New England, wind is near zero for about 30% of the hours of the year, and solar is minimal or zero for about 70% of the hours of the year. Often these hours coincide for multi-day periods, which happen at random throughout the year, per ISO-NE real-time, minute-by-minute generation data posted on its website. Where would the electricity come from during these hours; $multi-billion battery storage, insufficient capacity hydro storage?

Comment by Willem Post on January 26, 2020 at 4:21pm

Warren Buffett Quote: “I will do anything that is basically covered by the law to reduce Berkshire’s tax rate,” Buffet told an audience in Omaha, Nebraska recently. “For example, on wind energy, we get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.”
https://www.usnews.com/opinion/blogs/nancy-pfotenhauer/2014/05/12/e...

Comment by Frank J. Heller, MPA on January 24, 2020 at 3:36pm

Hydro Quebec took them out at the knees. Vermonters have 30+yr. contracts with Hydro Quebec w/few if any escalators usually found in wind contracts. Solar may go the same way.

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/

 

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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