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Gov. Tim Pawlenty is proposing $85 million in tax breaks to create jobs in solar energy, methane gas, and wind energy. According to the governor, we're going to have a whole new manufacturing sector building solar power plants and wind turbines, and his tax breaks will bring those new jobs to Minnesota. Isn't that a good idea?
No. It's a bad idea.
But when quizzed by a shareholder about why they were selling off such good assets - selling the things investors had bought into BBW to own - BBW came up with entirely new reasons.
Now BBW says the Spanish wind farm operation is a dog - a low-yielding asset that didn't produce and economic return. That's a little at odds with the glowing picture painted in previous reports. I'm not sure it was the smartest thing to say when the sale hasn't settled yet.
The Green Mountain National Forest released the Draft Environmental Impact Statement for the proposed Deerfield Wind Project in September and we will accept public comment until Friday. ...I look forward to more feedback on our DEIS. As the final information and opinions flow in, I know this is an important decision and it will weigh heavily on my mind.
What the Scarborough fiasco showed is the lie behind environmentalist and media claims that opinion polling shows the public virtually unanimous in support of "green" energy. ...And if environmentalists think they can win those battles simply by flooding the zone, as they did in Scarborough this week, rather than through reasoned debate, they're sadly mistaken.
Solar and wind now are the darlings of "new green economy" advocates for producing solar panels and wind turbines are supposed to replace lost manufacturing jobs from industries such as steel and automobiles. Never mind that solar energy has been shown to have only limited applicability and that the best wind farm in the world only operates 30% of the time. American taxpayers would be better served by being told the truth by politicians, rather than the economic nonsense that surrounds the hype regarding the green economy.
Also filed under [
Impact on Economy|
Energy Policy]
If you live on or near North Cape Coastal Drive (Rte 14) or in Milo or Kildare or surrounding communities, there is a good chance you will fall victim to wind turbines and high voltage power lines hovering over your home. Keep in mind that under current regulations, a wind turbine can be placed as close as 1,200 ft. from your home.
Now these out-of-state wind energy corporations have discovered that our mountains hold an equally unique and valuable wind resource. These people describe how the Allegheny Front above Keyser is so perfectly suited for their industrial wind farm. ...There are power lines in the immediate vicinity to connect the turbines to the grid. The area is thinly settled so they don't have to worry about people living next to the turbines, and land is relatively cheap. Most local people were probably not aware of this (myself included) and now we are getting little offers of money to let this project go on.
Also filed under [
General|
West Virginia]
Frequent negative power prices in the West region of ERCOT result from wasteful renewable power subsidies
November 20, 2008 in Knowledge Problem
November 20, 2008 in Knowledge Problem
The negative prices appear to be the result of the large installed capacity of wind generation. Wind generators face very small costs of shutting down and starting back up, but they do face another cost when shutting down: loss of the Production Tax Credit and state Renewable Energy Credit revenue which depend upon generator output. It is economically rational for wind power producers to operate as long as the subsidy exceeds their operating costs plus the negative price they have to pay the market. Even if the market value of the power is zero or negative, the subsidies encourage wind power producers to keep churning the megawatts out.
These [wind] companies stand to make huge amounts of money from the "gold rush" of construction of wind turbines and a great deal of that money is coming from your pocket in the form of government subsidies.
Whose interests are they looking out for? It sure isn't yours. ...If you live in rural Ontario you need to educate yourself and you need to do it quickly in order to keep your home and community as a safe place to live in.
Wind farms: State AG's intervention is welcome, but a little late
November 18, 2008 in Ithaca Journal
November 18, 2008 in Ithaca Journal
The wind industry holds a lot of promise in New York because of the landscape. That doesn't mean it should be a scatter-shot, helter-skelter process to get wind laws drafted and projects up and running. While the intervention by officials is welcomed, we still can't help but wish it came earlier in the process - at least for Enfield's sake.
This morning BBW and BNB announced they were selling their 50/50 Portuguese wind farm joint venture to a Portuguese private equiteer Magnum Capital for $2.23 billion.
A year after BBW bought its half from parent BNB, BBW is recording a loss of $11.7 million while BNB is claiming a small but undisclosed surplus over book value.
But that's not really the point of this transaction. Everyone knows why BNB is selling - it rather desperately needs money to pay down debt.
The decision to build the Tranquillon Ridge Wind Farm by county planners was made much too quickly and with the near exclusion of input from Lompoc. Mark these concerns: ...
Once a booming industry thanks to sky-high oil prices, the feel-good trend, carbon reduction and subsidies, the financial crisis has pushed investors to give up on green energies, and like the dot-com bubble of 2000, some analysts say it's about to burst. ..."I think economic reality will kill the green industry," said Mr. Buckee, who now lives in Britain and lectures on climate change.
Solar energy isn't alone in its woes. Wind, biomass, biofuel and other "clean-tech" companies are getting pasted too as the financial crisis sends investors fleeing from technology names, dries up credit and freezes the IPO market.
Minister fails to grasp the impact wind farms will have on tourism
November 5, 2008 in Barry's Bay This Week
November 5, 2008 in Barry's Bay This Week
When debating wind energy, there is one point we can all agree on: there are sites suited for wind energy and sites that are not.
Our beautiful township is not suitable. The moratorium passed unanimously by our Township Council reflects this.
One visit here and it will be clear to you. ...The point is, Mr. Smitherman, our main industry is tourism and recreation. Visitors drive for several hours to enjoy the sense of wilderness our beautiful township offers. They come here to get away from industry.
Please understand, this township's livelihood and way of life depends largely on the natural beauty of this land.
In January 2007, Deerfield Wind and Iberdrola Renewables (formerly PPM Energy, a subsidiary of the Spanish energy company Iberdrola) applied for a Certificate of Public Good from the Vermont Public Service Board in order to construct a 34 megawatt (MW) wind turbine project in the Green Mountain National Forest in Readsboro and Searsburg. ...Wilmington voted at a town meeting in December 2007 to oppose the project based on concerns about wildlife habitat, aesthetics and lack of public benefit including the areas of property values and the impact on tourism.
All speculative bubbles have a kernel of truth behind them to justify their existence. This time around it was China and India. These emerging Asian giants were gobbling up all the commodities the world could produce to fuel their rapid industrialization.
It wasn't that the story was untrue; it was old. Growing global demand probably was the reason for the gradual rise in oil prices from $20 a barrel to $40 earlier in the decade, and even to $60 by mid-2005.
It was the moon shot to $147 that took on a life, and a litany, of its own.
Also filed under [
Impact on Economy|
USA]
Obama has put energy policy at the forefront of his agenda. He says that his plan will boost our national security, help us achieve "energy independence," reduce greenhouse gas emissions, and promote job creation. Indeed, Obama vows to create around 5 million new jobs by increasing federal spending on renewable energy sources such as wind, solar, and biofuels.
As many experts have observed, the science behind the Obama plan is dubious. ...The renewable energy industry simply does not have the capacity to power large swathes of our fossil fuel-driven economy.
Also filed under [
Impact on Economy|
USA]
Anyone who was paying attention this summer knows how unreliable windmills are, because 90 percent of the time, they just sat there motionless. ...Local media always have a lot of coverage when windmills are triumphantly approved after the usual protests by affected residents. But they never say a word about how often, or what percentage of actual time they are completely and worthlessly still. According to local windmill developers, they power thousands of homes. This summer they didn't.
Also filed under [
General|
California]
Green Energy on the farm: The future of wWind turbines
October 12, 2008 in Mills FarmLife Specialty Magazine
October 12, 2008 in Mills FarmLife Specialty Magazine
Will wind power ever make up 100 percent of our electrical needs? Not by a long shot. The wind isn’t reliable enough and you can’t just put up a 400 foot tall wind turbine anywhere. The location must be, well, windy. ...I took a detour and decided to ask a few residents who lived near the “wind mills” what they thought of them. I found out that they are controversial, and no one I talked to wanted their names printed.