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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.
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]
While being aware of how little energy wind turbines develop, I would have more time for their claims if they would cut the cant about global warming, saving the world through reduction of CO2 etc, and come out into the open and tell us how much profit these machines collect from the subsidy we all pay.
Let developers tell us just how much profit they are making and, while developing this theme, perhaps the British Wind Energy Authority would also like to make a statement on this, that is if it can keep off the "we are saving the world" statements and "global warming being a greater threat than terrorism".
Also filed under [
Tax Breaks & Subsidies|
UK]
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.
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.
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]
The likes of wind farms and other similar ventures have always been seen as more of a headline grabber in the UK rather than a real alternative for the future. The authorities have given minimal tax incentives for companies to get involved and there have even been complications with getting them connected to the national grid. All in all the alternative energy market has been launched and re-launched on many occasions but it is just not working.
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.
Financial, economic issues will affect us for years to come
October 12, 2008 in Watertown Daily Times
October 12, 2008 in Watertown Daily Times
[W]e are being urged to support the construction of massive wind turbine farms all over this country. Why are these developers so eager to build these massive inefficient industrial complexes? Because our state and federal government are offering lucrative tax incentives to build them. Where do you suppose this money will come from? The taxpayers.
These international companies hire public relations firms to market their product. They love to use buzzwords such as: green energy, renewable energy, carbon exchange, global warming, etc., to lure you into thinking wind turbines are the answer to our energy needs.
With Byron voters rejecting Independence Wind's proposal for wind power, plans for 20 turbines in Roxbury are moving ahead, despite efforts from some townspeople to reverse approval of that project.
Meanwhile, another company - First Wind - plans turbines for nearby Black Mountain and will hold a meeting Thursday night to provide information and, probably, to quell the inevitable protest.
And, in a plot twist, Independence Wind has announced a "Power to the People" campaign. If the zoning needed for their turbines is approved and the turbines are built, they promise free electricity to all Roxbury residents.
Many of our small towns are being sold a bill of goods from the wind company charlatans that are backed by information from the AWEA, which also supplies the U.S. Department Energy its information. The U.S. taxpayer will pay for this in tax subsidies.
This is why it is important for our citizens to attend informational presentations on wind being held throughout Jefferson, County.