Comments - Gov Mills lifts LePage ban on new wind power permits in Maine - Citizens' Task Force on Wind Power - Maine2024-03-28T10:50:09Zhttps://www.windtaskforce.org/profiles/comment/feed?attachedTo=4401701%3ABlogPost%3A159311&xn_auth=noMills is bending over backwar…tag:www.windtaskforce.org,2019-02-17:4401701:Comment:1593292019-02-17T00:44:29.173ZWillem Posthttps://www.windtaskforce.org/profile/WillemPost942
<p>Mills is bending over backwards to give the pro wind folks what they want and then some.</p>
<p>All would be much less costly with gas fired, 60% efficient combined cycle gas turbine power plants.</p>
<p>The cost of electricity would be much less and the CO2 per kWh would be 1/4 that of wood, which is wasted in 25% efficient wood burning power plants.</p>
<p>Those wood burners have far more pollution/kW than clean burning, low cost, domestic gas</p>
<p>Mills is bending over backwards to give the pro wind folks what they want and then some.</p>
<p>All would be much less costly with gas fired, 60% efficient combined cycle gas turbine power plants.</p>
<p>The cost of electricity would be much less and the CO2 per kWh would be 1/4 that of wood, which is wasted in 25% efficient wood burning power plants.</p>
<p>Those wood burners have far more pollution/kW than clean burning, low cost, domestic gas</p> Part of settlement offer from…tag:www.windtaskforce.org,2019-02-16:4401701:Comment:1590932019-02-16T15:37:46.180ZDan McKayhttps://www.windtaskforce.org/profile/DanMcKay
<p>Part of settlement offer from CMP for the NECEC project :</p>
<p><span>" Once the NECEC receives all State of Maine permits and approvals, NECEC LLC will contribute $1,000,000 to Maine Prime Technologies LLC at the University of Maine to fund research and development activities associated with marine wind generation technology commercialization. "</span></p>
<p>Part of settlement offer from CMP for the NECEC project :</p>
<p><span>" Once the NECEC receives all State of Maine permits and approvals, NECEC LLC will contribute $1,000,000 to Maine Prime Technologies LLC at the University of Maine to fund research and development activities associated with marine wind generation technology commercialization. "</span></p> Not only was the UMPI turbine…tag:www.windtaskforce.org,2019-02-15:4401701:Comment:1591592019-02-15T21:21:12.306ZPenny Grayhttps://www.windtaskforce.org/profile/PennyGray
<p>Not only was the UMPI turbine fire never reported, the media is still using shots of that turbine whirling away to promote how green and progressive Maine is. I saw one of these shots on my mother's TV while downstate this past week. Of course, the Kibby fire was kept pretty quiet, too. Baffling and not at all transparent.</p>
<p>Not only was the UMPI turbine fire never reported, the media is still using shots of that turbine whirling away to promote how green and progressive Maine is. I saw one of these shots on my mother's TV while downstate this past week. Of course, the Kibby fire was kept pretty quiet, too. Baffling and not at all transparent.</p> WIND AND SOLAR SUBSIDIES WOUL…tag:www.windtaskforce.org,2019-02-15:4401701:Comment:1593222019-02-15T16:16:30.052ZWillem Posthttps://www.windtaskforce.org/profile/WillemPost942
<p><strong>WIND AND SOLAR SUBSIDIES WOULD PROVIDE A BONANZA FOR WALL STREET</strong></p>
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<p><a href="http://www.windtaskforce.org/profiles/blogs/partial-capital-cost-of-green-new-deal" target="_blank">http://www.windtaskforce.org/profiles/blogs/partial-capital-cost-of-green-new-deal…</a></p>
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<p><strong>WIND AND SOLAR SUBSIDIES WOULD PROVIDE A BONANZA FOR WALL STREET</strong></p>
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<p><a href="http://www.windtaskforce.org/profiles/blogs/partial-capital-cost-of-green-new-deal" target="_blank">http://www.windtaskforce.org/profiles/blogs/partial-capital-cost-of-green-new-deal</a></p>
<p><a href="http://www.windtaskforce.org/profiles/blogs/nuclear-a-more-rational-way-forward-than-wind-and-solar" target="_blank">http://www.windtaskforce.org/profiles/blogs/nuclear-a-more-rational-way-forward-than-wind-and-solar</a></p>
<p><a href="http://www.windtaskforce.org/profiles/blogs/iso-ne-study-of-1600-mw-of-future-offshore-wind-during-a-16-day" target="_blank">http://www.windtaskforce.org/profiles/blogs/iso-ne-study-of-1600-mw-of-future-offshore-wind-during-a-16-day</a></p>
<p><a href="http://www.windtaskforce.org/profiles/blogs/synapse-study-of-new-england-future-gas-consumption-and-pipeline" target="_blank">http://www.windtaskforce.org/profiles/blogs/synapse-study-of-new-england-future-gas-consumption-and-pipeline</a></p>
<p><span><a href="http://www.windtaskforce.org/profiles/blogs/land-and-sea-area-for-various-energy-sources" target="_blank">http://www.windtaskforce.org/profiles/blogs/land-and-sea-area-for-various-energy-sources</a></span></p>
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<p>This URL shows wind and solar prices per kWh would be at least 45% to 55% higher without subsidies, and they would be even higher, if the costs of other items were properly allocated to the owners of wind and solar projects.</p>
<p><span><a href="http://www.windtaskforce.org/profiles/blogs/economics-of-tesla-powerpack-and-powerwall-systems" target="_blank">http://www.windtaskforce.org/profiles/blogs/economics-of-tesla-powerpack-and-powerwall-systems</a></span></p>
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<p>This URL shows about 2/3 of the financial value of a wind project is due to <strong>direct and indirect</strong>subsidies, and the other 1/3 is due to electricity sales.</p>
<p><a href="http://johnrsweet.com/Personal/Wind/PDF/Schleede-BigMoney-20050414.pdf" target="_blank">http://johnrsweet.com/Personal/Wind/PDF/Schleede-BigMoney-20050414.pdf</a></p>
<p> </p>
<p>An owner of a wind and solar project, looking to shelter taxable income from other 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.</p>
<p> </p>
<p>Then, with help of Wall Street financial wizardry from financial tax shelter advisors, such as BNEF*, JPMorgan, etc., the owner sells the project to a new owner who is allowed to depreciate almost his entire cost all over again.</p>
<p> </p>
<p>* BNEF is Bloomberg New Energy Finance, owned by former Mayor Bloomberg of New York.</p>
<p> </p>
<p>The loss of tax revenues to federal and state governments due to MARCS is estimated by the IRS at $266 billion for the 5-y period of 2017 - 2021. This largesse is in addition to <strong>direct</strong>federal and state subsidies to such projects of about $25 billion per year.</p>
<p> </p>
<p><a href="https://www.nrel.gov/docs/fy17osti/68227.pdf" target="_blank">https://www.nrel.gov/docs/fy17osti/68227.pdf</a></p>
<p><a href="https://www.greentechmedia.com/articles/read/tax-equity-investors-break-their-silence-on-tax-bill#gs.GDbC2YIS" target="_blank">https://www.greentechmedia.com/articles/read/tax-equity-investors-break-their-silence-on-tax-bill#gs.GDbC2YIS</a></p>
<p><strong> </strong></p>
<p><strong>Warren Buffett quote:</strong> "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." </p>