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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.
What do you plan to do with the commissioners' request for [wind turbine] setback authority? ...Today's land-use challenges cannot be met by silence, ignorance, and obfuscation. Accountability and leadership are needed at the state level. With the passage of SB566, this is no longer a matter of local concern, and you know it. You have a historic responsibility to provide leadership where none now exists.
Also filed under [
Zoning/Planning|
Maryland]
Wind power can't survive without massive subsidies, courtesy of you and me. "If these hidden subsidies were taken away, there would not be a single wind turbine built in Britain," says David Bellamy, a well-known environmentalist who has been tramping the Scottish countryside to oppose a massive wind project there. ...When will we stop pouring billions into wind? I have no idea. Politicians really love their turbines. Meantime, that soft whooshing sound you hear is your friendly green government, vacuuming money out of your pockets.
Getting Ahead of the Game: A Wind Energy Ordinance for Bath County
November 20, 2008 in Recorder Online
November 20, 2008 in Recorder Online
Next week, Bath County planners are likely to discuss and review what may be one of the most important new ordinances our county has considered in decades - one to guide them on how applications for industrializing their mountaintops with wind energy turbine towers will be handled.
If officials here succeed in passing it, Bath will be the first locality in Virginia to have an ordinance in place addressing commercial wind utilities. And it won't come a minute too soon. ...
We congratulate all involved — county commissioners and the county Planning Department — for the county’s tall structure ordinance, which commissioners unanimously approved Monday night.
As Lori Wynn says today in a front-page story, it took nine months of public hearings, multiple drafts and countless e-mails, but Carteret County finally has an ordinance regulating wind turbines and communication towers. ...While Progress Energy would have bought the power, that would not have mitigated any electricity to customers because wind is unpredictable and energy generated from industrial wind power can’t be stored so conventional energy sources would still be necessary.
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Zoning/Planning|
North Carolina]
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.
The Clayton zoning law allows noise levels up to 50 dBa with setbacks of 1,250 feet from off-site residences, hospitals, churches and public libraries, irrespective of boundaries. Given our very quiet residual ambient, which is typically in the range of 20-35 dBa, our 50 dBa represents untenable noise inside residences and other public locations.
The law also allows wind generators to be built within 500 feet of property lines and existing public roadways. ...A start in the right direction was announced at the Nov. 12 town council meeting that a citizens wind committee will be formed very soon.
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Zoning/Planning|
New York]
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.
When you think of the care that France lavishes on its landscape, it's surprising that so little has been done to control the proliferation of ugly wind farms.
Rather belatedly, a small revolt is now brewing against what the opponents see as a state-subsidised racket in the name of sustainable development. ...They [the turbines] may not look too bad in the semi-urban countryside that prevails in the low countries and other parts of northern Europe. But it's sad to see them becoming a menace to the spacious countryside of France. Lets hope that they can put more off shore or develop other renewable sources such as tide and wave power.
Also filed under [
Impact on Landscape|
Europe]
Wind farms of sprouting up all over the country like 65-story mushrooms. The North American Reliability Council estimates we will have 175,000 megawatts of new capacity by 2017 (that's the equivalent of 175 major coal or nuclear plants). Unfortunately, it admits, "only approximately 23,000 MW…is projected to be available on peak." That means these windmills will be idle most of the time. Coal plants operate at 65 percent capacity, nuclear rims at 90 percent. But at best windmills produce only 30 percent of their "nameplate capacity" and they are almost useless on torpid summer days. California has found its windmills running at only 3 percent capacity on hot summer days.
Never mind, we are forging ahead anyway.
Also filed under [
Zoning/Planning|
USA]
One of the most bizarre aspects of the debate over "wind farms" in West Virginia and surrounding states is the unquestioning acceptance by many environmentalists of wind energy as a credible and environmentally friendly energy source. I have read many articles and letters written by dedicated environmentalists touting the benefits and discounting or completely ignoring the adverse consequences of wind energy. The prevailing belief of these individuals is that we must embrace wind energy as at least a partial solution to the increased burning of fossil fuels and global warming. ...So, I ask all environmentalists who "believe in wind" to please do some research and become informed of the realities of industrial wind energy in the eastern highlands. Be skeptical of the claims of those who have financial incentives to promote this scam.
State Attorney General Andrew M. Cuomo has taken the lead at the state level to bring some oversight to the proliferating proposals for wind power developments across the state.
Mr. Cuomo has drafted what is now a voluntary set of ethical guidelines for wind power companies and municipal officials in the wake of a corruption investigation in Franklin County, where wind companies are alleged to have improperly influenced local officials to get permission to build wind towers.
The long-awaited full report on the Horse Creek Wind Farm noise study will go public in a week, the town announced Wednesday. But the availability of the report was not enough to satisfy upset residents who stormed into the council meeting demanding that the town start formulating a local law to limit noise levels of wind turbines and establish setbacks.
"We need to start clearing the air," said Patricia Booras-Miller, vice president of Environmentally Concerned Citizens Organization of Jefferson County.
Also filed under [
Zoning/Planning|
Maryland]
State Attorney General Andrew M. Cuomo is investigating allegations that wind power companies improperly influenced local officials in Franklin County to secure permission to build wind turbines. He is also examining whether certain companies colluded to divvy up land and thus avoid bidding against each other. ...Northern New York should not become a rural wasteland at the mercy of wind development. Siting decisions for both turbines and transmission lines must be made carefully.
Forcing a quick decision on the Hatchet Ridge Wind turbine project divides the citizens of Burney.
Looking at the recent article in both CNN and the Record Searchlight about the polarizing effects the arrival of wind power has had on the small town of Lowville, N.Y., the situation there is similar to what is taking place in Burney over the Hatchet Ridge turbines. The 195 400-foot turbines in New York state have pitted "neighbor against neighbor and father against son." There are similar strong feelings in Burney.
Also filed under [
Zoning/Planning|
California]
A form of eminent domain is happening here in New York state with the placement of industrial wind turbines. The town of Prattsburg, N.Y., is one example. The town has voted to condemn private property to aid a wind company in building a local wind farm.
There has also been talk of taking private land in Henderson for power lines to service a wind project on Galloo Island.
In Jefferson County, wind projects are being planned for the towns of Cape Vincent, Clayton, Orleans, Lyme, Brownville and others. Placing a few hundred huge wind turbines throughout these towns is a foreign wind company's form of eminent domain.
Also filed under [
Zoning/Planning|
New York]
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.