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.

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.

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.

Yass Valley Council has reiterated its stance on wind farm projects, including its conviction that a national code should be established for the provision of all wind farms constructed in Australia. ...Councillors reiterated this stance at last Wednesday night's meeting. "There needs to be some clarity. We are not saying no to wind farms, we are just saying that conditions need to be put in place," Councillor David Needham said.

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.

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.

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.

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.

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.

If Environment Minister Trevor Mallard decides to call- in the consent application, it will be referred directly to a ministerially-appointed board of inquiry, or to the Environment Court. And it seems certain that Mr Mallard will indeed decide to call-in the application. Last month, after an editorial in this newspaper opined that to do so would undermine the democratic process, Mr Mallard quickly fired off a letter to the editor in response. He wanted to "correct the misinformation" and defend the process that would be applied if the decision was called in.

Of the proposals under consideration, at least one would be off the coast of Ocean County, 18 miles from Long Beach Island. Although a study prepared for the BPU noted the impact of wind farms off the Jersey coast on the fishing and tourism industries would be temporary and relatively minimal, it indicated there was far greater sensitivity to the visual impact of wind farms in Ocean County than in Cape May and Atlantic counties. The BPU should take that into account. ...The projected loss of tourism revenue would drop off dramatically if wind farms were located 6 miles or more off the coast.

That Manawatu Standard has not taken a stance on whether MRP's wind farm application should be approved, but the outcome is too important to this region for the input of the people to be undermined in any way. The process must not only be fair, it must be seen to be fair. One of biggest battles MRP faced from the outset, whether it knew it or not, was public relations. After doing the dirty on the PNCC and the people it represents, that's one battle it now hasn't a hope of winning.

The Government has a policy to develop only renewable sources of energy. This seems noble from a "climate change" point of view. These renewable sources of energy include wind farms, hydro plants and geothermal generation. ...Wind farms do not provide constant reliable energy so can only make up a small amount of the total generation. One of my concerns is that this will mean more pressure to build hydroelectric dams. These hydro projects are extremely destructive for the local environment. ...If it is okay for China to build 50 more coal-fired stations a year then why can't we build one or two more? This will not make a shred of difference to global warming since we produce only 0.2 per cent of the world's CO2. It will provide reliable energy.

Wind farm opponents will suggest Mighty River's motives for asking Mr Mallard to take the decision away from the PNCC are a sinister ploy to subvert the democratic process. However, the company is more likely motivated by pragmatism. If the decision is left with the PNCC and the wind farm is approved, it will almost certainly be appealed to the Environment Court anyway. Mighty River would no doubt prefer to cut to the chase. The decision-making process shouldn't be unnecessarily convoluted, but the people of Palmerston North must be given the chance to have their say and, more importantly, they must be listened to.

What Meridian, TrustPower, Contact and others are proposing as essential development will in numerous instances look like rushed, irreversible destruction to future generations, who will regret our recklessness just as we regret the clear-felling of the giant kauri forests or the slaughter of whale populations for oil. Protecting future generations from these blind spots means carefully thought-out integration of renewable energy, with the intention of minimising irreversible impact.

The Wall Street Journal recently noted that increasing wind power to 20 percent in the next two decades alone would require a $2 trillion investment. Energy costs already strain household budgets, especially those of lower-income families and individuals. This year, U.S. households bringing home less than $50,000 a year - that is, half of households - will spend a quarter of their after-tax income on energy, double the percentage they spent in 2001.

A landmark court ruling has ordered that Jane Davis be given a discount on her council tax because her £170,000 home has been rendered worthless by a wind turbine 1,000 yards away. This is effectively an official admission that wind farms, which are accused of 'spoiling countryside views and producing a deafening roar', have a negative effect on house prices. ...One of these impacts is of course safety. In June this year a 16-foot wind turbine blade smashed through a farmhouse roof in Northern Ireland as the farmer and his family slept inside.

Whether the reports of health hazards are true or not is almost irrelevant. Just the fact that many people are truly concerned about the potential health effects of living near a wind farm, or the electromagnetic radiation from high voltage electrical wires, is reason enough to try to avoid buying a property that is close to power lines. It's a simple law of economics: As demand for a product goes down, so does its price. When you have a certain number of people avoiding a certain property, for whatever reason, the price of that property will be negatively affected.

Creating a welfare-dependent industry in the province may benefit the backers of these projects, but the potential cost to taxpayers is huge, and the outlook for an unsubsidized industry is grim. ...The wind power industry in Canada gets a federal government subsidy of $10 per megawatt hour. But B.C. consumers can expect to dig deeper. The cost of electricity from wind power is about $71 per megawatt hour. That compares to about $48 for natural gas and $25 for electricity produced from B.C.'s heritage hydro assets.

When Young County commissioners began discussing details of the abatement with special counsel Alan Carmichael last week, the majority seemed very interested in finding a way to maximize the amount of money Young County stands to bring in if the farm is built. While that makes perfect sense up front, it could prove perilous to the entire project. With several other counties vying for wind farms from BP, it may not take much to sway the company one way or another. In Archer County, rumor has it that commissioners are planning to agree exactly to the proposal made by BP.