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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.
It is time for Ontario to work with citizens and environmental specialists to establish guidelines for the careful development of wind energy (Who Could Object To Wind Power? - Nov. 25). There are some places where wind turbines simply don't belong. ...Build wind developments in the wrong places and the environment will be collateral damage.
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.
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 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.
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I had always favored building wind farms. The burden of coal mining-and particularly mountaintop removal coal mining-is so great that anything would be better. If wind farms diminish that then they are worth it. ...Now there is a new twist to the argument, something that makes thinking about wind power even more difficult. In the article that begins on page 14 of this issue, Ms. Collins argues that building more wind farms will not reduce the use of coal. She argues that because wind farms only make electricity when the wind blows, they are inefficient and unreliable. ...If it true that wind farms do not diminish the use of coal, then we do have some rethinking to do. If they do not replace any coal, then what is the point? Why should a single bat die, a single hiker be inconvenienced, a single tree be cut if wind power is not going to reduce the use of coal or some other source of electricity?
This afternoon, the Shasta County Board of Supervisors will have a hearing concerning the Hatchet Ridge Wind project. The board's decision will have a significant impact on birds living in and migrating through the West. The Board of Supervisors has not been given the knowledge to make a proper decision on the project. ...The wind power industry learned a lesson from the astounding number of bird kills at Altamont Pass. Instead of pursuing better wind turbine designs that would limit bird kills, it chose a path of cover-up and lies. Today many wind turbine sites have limited access and workers will lose their jobs if they disclose the truth.
That predatory wind operatives, who provide no meaningful product or service, would sacrifice these mountains for their narrow self-interest is outrageous. ...Synergics Wind LLC has clear-cut and bulldozed hundreds of acres around Roth Rock, without securing grading permits beforehand and in areas well-known for harboring state-endangered species. Synergics has not applied for or received any construction permit from the Maryland Public Service Commission, as required.
Wind power is one of the solutions to our energy needs both here in Oklahoma and beyond, as well as providing a new industry and the jobs that support it. ...Also noteworthy is the potential for wind energy to be not so green after all. Wind farms, like any type of development, built on the wrong site can have a negative impact on the environment. Strides toward solving one conservation problem should not inadvertently cause another.
The windmills Windforce LLC are proposing to put on Dan's Mountain are over 400 feet tall the blades are 150 feet long. You will be able to see the windmills from almost everywhere in Allegany County. There are currently only two buildings in Baltimore larger, one in Pittsburgh and one in Cleveland.
Do you want our Western Maryland Mountain side destroyed only to bring a profit to an out of town company?
This is the first breeding success at this site in 11 years. The parent eagles must have been pampered with plenty of live rabbits to make sure this would happen. All in all, two million pounds have been spent to produce a "success story" at Beinn an Tuirc. So much money is at stake here: the approval of hundreds of wind farms where eagles fly, in Scotland and in the world, hinge upon this kind of favourable publicity.
Death, destruction and insomnia are marketed as "renewable electricity" to urban consumers. The federal production tax credit drives it all, with additional subsidies on national forest, where no property taxes are levied. ...We'd have to replace nearly every tree with a turbine to offset even a small amount of coal's impact, devastating the forest in the process. Without a national policy on energy conservation and efficiency, we're whistling in the wind anyway.
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Virginia|
West Virginia]
Wind power has been proposed in letters to the editor as a good option to LNG, but there is no silver bullet solution to our energy needs, as far as I can see.
Because wind power depends on the wind, it is an unreliable source of electrical power. Wind power must be backed up by a more reliable conventional power source. That power source is LNG.
As wind power develops out, more LNG power plants will be built to back up wind power. Wind power cannot replace LNG; it will, instead, make LNG more necessary.
I am extremely concerned at the detrimental impact the construction of wind turbines on the land adjacent to High Elms Lane, Benington could have on wildlife.
It is well known locally that this site supports a large and varied wildlife and many of the species are of national and international importance.
It has taken a long time and sympathetic farming to encourage so many species to thrive in this area. A total of 26 mammal species (not counting bats) and 75 bird species have been recorded around the proposed wind farm, along with various amphibians and reptiles.
There is a face-off brewing between two federal agencies over the fate of birds in Nantucket Sound, centering on the Cape Wind energy project. At issue is whether the U.S. Minerals Management Service defers to the cautionary advice of its expert peer, the U.S. Fish & Wildlife Service, or will it ramrod the Cape Wind project forward, driven by political considerations? ...In the apparent hurry to permit the Cape Wind project this year, Minerals Management seems poised to ignore the Fish & Wildlife Service. Citizen action is needed to get the message across to Minerals Management: "Proceed with caution. Do not play 'wind turbine Russian Roulette' with endangered species. Move Cape Wind elsewhere, out of harm's way!"
A series of events on bats look set to be overshadowed by problems affecting the mammals' chances of survival, according to an expert.
Anne Youngman, the Bat Conservation Trust's Scottish officer, said wet weather may have hit the breeding season for a second year running. ...On the agenda is a presentation on wind farms in mountain areas of Portugal.
Ms Youngman said: "Wind farms were a hot topic at the last symposium.
"In Germany, there are turbines above forests and the mortality rate of bats has been found to be high.
The "Birds, fish may like wind farm" article on Monday 11 was poorly researched.
It has been well-documented that thousands of birds (from large raptors to small warblers) are killed by land-based wind turbines in the western U.S. each year. And many species of migrating birds using the Atlantic Flyway cross Delaware Bay between southern New Jersey and Delaware every fall and spring. Neither of these facts was mentioned in the article.
It is the very magnitude of this power that has begun to raise some questions about the weather-related implications of harnessing wind. The laws of thermodynamics tell us that if energy is produced by a turbine, the wind passing over it must be slowed. While the effect today is negligible, a crash program to harvest wind power might have serious climatic consequences. ...Evidence also suggests that turbines amplify desiccation in fragile desert areas, where American wind farms are typically located. A study of ground squirrels by the University of California at Davis found those living near wind turbines exhibited signs of increased stress.
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Impact on Wildlife|
Impact on Landscape]
Accompanying the myth that wind turbine energy will replace fossil fuel energy is denial of the ecological impacts and health effects of wind turbines by governments and promoters. The ugly reality is that wind turbines are a serious addition to the industrialization of quiet rural landscapes, places that people have long valued for quality of life, retirement and recreation.
The environmental costs imposed on wildlife and people have been systematically ignored by a political and regulatory system that has corrupted individual and societal freedom and environmental integrity by relegating these values to some distant offshoot of economic growth.