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Texas should not be subsidizing wind energy producers at the expense of its schoolchildren
September 15, 2008 in Star-Telegram
September 15, 2008 in Star-Telegram
Wind power and other renewables have their place in the energy mix. But since the federal subsidies for wind farms are so large, it's unclear Texas needs to provide additional incentives.
These funds could be better used to raise teacher salaries and otherwise upgrade the quality of public education across the state. Removing or reducing the state incentives for wind generators will not by itself solve the education crisis in Texas, but it would be a step in the right direction.
Also filed under [
Texas]
Iberdrola of Spain, owner of Elk River, realized over $9.9 million in PTC allowances in 2007. Foreign companies are not regulated by the Kansas Corporation Commission. There are no state or federal regulations of any kind on WECS. Few Kansas counties have wind regulations.
WECS will force consumers to pay for their electricity three times; to build the WECS, build conventional power as backup, and additional transmission lines to carry power from the WECS to the grid.
WECS will not produce large economic benefits to a community as evidenced by records from Gray County (Montezuma), or Butler County (Elk River). Elk River has produced seven jobs. Most employees live outside the community.
Also filed under [
Impact on Economy|
Kansas]
Probing Wind Farms: Burgeoning, vital industry must be kept free of taint
August 1, 2008 in Post-Standard
August 1, 2008 in Post-Standard
Every wind-generating power company in New York needs to come under closer scrutiny.
There is just too much public money at stake. An aggressive watchdog is needed to make sense of the complicated deals they make, to protect taxpayers and to monitor the conduct of public officials whose decisions can yield wind generators millions of dollars.
That's why a state attorney general's investigation of two wind-power companies is so important -- and why a critical, independent eye should be kept on the rest of the industry. ...These agreements need to above-board without even the hint of conflict.
Also filed under [
New York]
At the heart of the credit crunch now afflicting the global economy is the bursting of a great housing bubble throughout much of the developed world. Bubbles are, of course, as old as capitalism itself. Many of us in England recall learning at school of the great South Sea bubble of the early 18th century. But they seem to be coming more frequently nowadays. The housing bubble has burst only a decade or so after the Internet and tech-stock bubble. So we may not need to wait all that long to see the next one. And the most likely candidate is a green bubble, fueled by climate-change alarmism and government subsidies. ...There may well be a green business opportunity. But my advice to would-be investors is this: make sure you get out before the bubble bursts.
Only George Orwell could have invented - and named - the British Government's Renewable Transport Fuel Obligation (RTFO) that came into operation yesterday. It is the latest in a long line of measures intended to ease the conscience of the rich while keeping the poor miserable, in this case spectacularly so. ...The British Government has been persuaded by the wind turbine manufacturers to commit a third of its annual renewables subsidy to this uniquely inefficient energy source, advertising over hill and dale the cabinet's horror of making a decision on nuclear power. ...If all these fancy subsidies and market manipulations were withdrawn tomorrow and government action confined to energy-saving regulation, I am convinced the world would be a cheaper and a safer place, and the poor would not be threatened with starvation.
Just now, for reasons not all of which are "green", commodity prices are soaring. Leave them. Send food parcels to the starving, but let demand evoke supply and stop curbing trade. The marketplace is never perfect, but in this matter it could not be worse than government action. Playing these games has so far made a few people very rich at the cost of the taxpayer. Now the cost is in famine and starvation. This is no longer a game.
Worldwide opposition to wind power has now reached a crescendo and governments have been forced to respond with new planning regulations which impose the technology, often against huge objection.
Public distaste for wind turbines revolves around landscape impact and concerns about noise and loss of tranquillity, but technical objections are of greater concern. ...The power industry concedes that wind turbines would not be built without unprecedented consumer-sourced subsidy or massive tax breaks.
It is time for the threat posed by intermittent renewables, not least in requiring CO2-emitting coal-fired spinning reserve, to be investigated independently, without political interference.
These letters, and a host of others addressing the Cape Wind facility proposed for Nantucket Sound, were published in the Mar 6, 2008 edition of the Cape Cod Times. The Minerals Management Service, a division of the Department of Interior, has released the draft environmental impact statement of the proposed project. Other letters can be accessed by clicking on the link at the bottom of this page.
Also filed under [
USA|
Massachusetts]
When there is considerable debate over future financial prospects of an industry, it's hard to argue over the present value of an asset.
But some Scottish & Southern Energy investors are bound to raise eyebrows over the €1.46 billion it's just paid for wind-farm operator Airtricity.
After all, it costs roughly £1 million/MW to set up a modern windmill. Airtricity has 600 MW of assets built up and permission to build another 963 MW of assets. Which means that if Scottish & Southern had set up the mills on its own, it would have cost roughly £1.6 billion. In buying Airtricity, it's now likely to end up paying nearly £3 billion. Scottish & Southern has warned investors the deal won't enhance earnings until 2011.
Scottish & Southern's problem is the scarcity value of wind-power assets as the EU's energy policy makers have set a renewable-energy target of 20 per cent of total supply by 2020. The UK has a self-imposed target of 10 per cent by 2010.
Also filed under [
UK]
Energy investments - Not risk-free; Wind power has potential, but ratepayers shouldn't bear entire weight of developing it
December 5, 2007 in The Capital-Journal
December 5, 2007 in The Capital-Journal
Let's face it: Most homeowners don't buy wind generators or solar energy systems simply for environmental reasons.
They make the investments because they're banking on a payoff in the form of lower energy costs.
Westar Energy is no different in wanting a bang for its green-energy bucks, which is why it's seeking a rate increase to support an $830 million wind energy project.
But just how much of a payoff should Westar receive? And at what risk? ...To some extent, it's reasonable to place the cost of wind power on the shoulders of ratepayers. After all, wind could provide Kansans with an abundant, environmentally friendly energy source to offset the cost of fossil fuels.
Westar and its stockholders should be given the chance to obtain a fair return on the company's investment. At the same time, though, the company bears a responsibility for keeping cost increases to a minimum for its customers.
Also filed under [
Kansas]
A state consumer agency is demanding to know whether Gov. Kathleen Sebelius and her lieutenant governor have tried to influence state regulators who are about to decide how much consumers will have to pay for wind power from Westar Energy.
The concern stems from a once-confidential memo written by the former chief executive of Westar Energy indicating that Sebelius and Lt. Gov. Mark Parkinson influenced utilities to pursue large-scale wind power by promising they would be "fully compensated" for any added costs of building wind plants.
Also filed under [
Kansas]
Democrats in Congress are huddling in their low-carbon-footprint backroom in search of a compromise energy bill, and all eyes have been on the issue of raising fuel-economy standards. ...the bill undermines energy independence by raising taxes on domestic production and throwing up new barriers to exploration. ...But its worst (and little noticed) provision may be a requirement that 15% of U.S. electricity be generated from "renewable" sources by 2020. Utilities that can't meet these goals are fined -- taxed, really -- based on how far short of this Eden they fall. Currently, only about 3% is provided by such renewables as wind, solar or "biofuels." ...The "renewables" mandate in the House energy bill, by contrast, is a multibillion-dollar stealth tax on electrical utilities, and ultimately on electricity users. The danger is that, with all eyes on car-mileage standards, this tax could become law without many people even noticing.
Also filed under [
Energy Policy|
USA]
Wind power is not the answer to global warming. Do we have alternatives? We certainly do have alternatives to windmills but they would disrupt the lifestyle of electors and consumers. In Paris, an article in the September 2007 issue of the medical journal, The Lancet, shows with supporting calculations that it would be better to minimize human consumption of meat, for 80% of agriculturally produced methane comes from farm animals. Wind turbines won't even alter the greenhouse gas equation but by a mere .03%, as mentioned above. The way to reduce CO2 emissions and other greenhouse gases is to use less energy. Governments must massively invest in energy conservation measures rather than in these wind machines. According to another research, if every English household switched for one single low energy light bulb, a fossil fuel-burning electrical plant could be shut down!
Wind power would only be interesting if energy produced can be stored. It has been proposed to fill reservoirs of large hydroelectric dams, for example. An Australian method has just offered in September 2007 to store electricity in liquid accumulators. Quebec would thus be able to utilize wind energy because the major part of our electricity comes from hydroelectric dams, which is not the case for Ontario or New York where, as almost everywhere else in the world, wind power must be backed up by carbon-based generating stations.
I am disgusted by fly-by-night companies installing wind turbines and solar panels just to showcase technology (see "This Wind Turbine Should Be Turning") or because they are heavily subsidized by government tax credits. Tax incentives are meant to stimulate growth of the renewable energy sector, not feed faux energy companies who don't have a clue. If a renewable installation cannot provide return on investment without a tax crutch, the project is not viable to begin with and should not be allowed to proceed.
Also filed under [
USA]
Stories of questionable "carbon offset" sales schemes keep blowing in. ...It's beginning to sound like multiple sightings of the emperor's lack of clothing. Perhaps one problem lies in the ambiguity of the term "carbon offset" itself -- which smells of an Orwellian pollution of the English language.
After all, when you buy "carbon offsets" that doesn't necessarily mean you're paying for a reduction in carbon dioxide pollution. You could be sending payments to a utility company that might (or might not) use your money to help build a wind turbine that might eventually generate a small amount of electricity -- as it continues to build more coal-fired power plants that spew even more greenhouse gases.
But that's the magic of the word "offset" -- it doesn't promise a reduction. It doesn't really promise anything.
Also filed under [
USA]
Offshore wind farm too costly; solar power a wiser investment
September 5, 2007 in Asbury Park Press
September 5, 2007 in Asbury Park Press
Wake up, New Jersey, before more of your tax dollars are wasted on Gov. Corzine's offshore wind farm. ...In these hard financial times, our state and federal governments need to invest taxpayer dollars more wisely than they have. Alternative energy sources are needed, but they must make financial sense. Windmills on land are borderline cost-effective, and that's only because of energy subsidies. Windmills in the north Atlantic never will come close to recovering their cost.
If something doesn't make financial sense, we should be looking at who will benefit from its construction. New Jersey citizens will not benefit from this ocean wind farm. Electric costs will rise because of it. Someone needs to follow the money to see who will benefit.
Also filed under [
New Jersey|
New York]
Millions of pounds of subsidy is pouring into the coffers of multinational energy companies while grave doubts remain about how much renewable energy is actually being produced and how best it can be fed into the national grid. No account is being taken of the damage being done to the finest wild landscapes of western Europe, the consequences for the Scottish tourist industry or the visual impact of enormous wind turbines on local communities and outdoor recreation interests.
Also filed under [
UK]
The PSB attached a number of conditions to their approval of the project. As the Ridge Protectors, a group of people who have opposed the project for years, say, the attached conditions contain potential deal breakers and they intend to fight the actual project to the bitter end.
We are with them. The Sheffield voters, when they approved the project for an entirely illusory tax benefit, sold the Northeast Kingdom's birthright for a mess of pottage. Assuming The Ridge Protectors prevail and the project is stopped, these same voters, when they discover the taste of pottage, will be thanking them.
Driven by concerns about climate change and security of electricity supply, public and political commitment to renewable energy has never been stronger.
Generous financial support and market interventions have encouraged extremely rapid deployment in many European states and it is now a commonplace of the financial press that environmental business has become mainstream.
And so it should. But some are now asking whether this rapid growth, and politically-driven target setting at local and national level, is creating a secure position for environmental technologies, one grounded in the realistic perspectives of engineering and science, or, on the other hand, a mere flash in the pan caused by speculative, subsidy-hunting developments.
A wealth of data about the renewable energy experiment worldwide, and particularly in Europe, is now slowly emerging, allowing decision makers to evaluate the success of their policies. These results, as you would expect of real-world data, are mixed, and as we all get to grips with the implications, a change in the way the renewable energy sector operates is likely.
Also filed under [
Energy Policy|
UK]
RALEIGH - It's hard to run a business when nobody wants to buy what you're selling. Some businesses have found a way around this obstacle: Get the government on your side.
This is the reality in the renewable energy industry, where excessively high prices keep the industry from being competitive. North Carolina has a voluntary program, called NC GreenPower, which allows the public to voluntarily support renewable energy. The participation rate has been dismal. Renewable energy sold through the program accounts for only about .01 percent of all electricity sold in the state.
The state Senate passed Senate Bill 3 since North Carolinians won't voluntarily support renewable energy. Apparently, the state Senate thinks people must be forced to support renewable energy against their will.
Also filed under [
Energy Policy|
North Carolina]
You will notice on these editorial pages lately a number of individuals espousing the "Truth" about the Gamesa Wind Project on Shaffer Mountain. With very little research I was able to find a few "Untruths" presented by Tim Vought of Gamesa on this last go around published on Friday.
Also filed under [
Impact on Wildlife|
Pennsylvania]