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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: ...
The road to a cleaner, greener energy future is fraught with strife on Wolfe Island. The disruption and dust caused by the construction of 86 massive windmills has forced at least one couple to pack up and leave their island home of 17 years. ...If wind farms are the way of the future, and are to be promoted by the provincial government, then the province is obliged to study and learn from the mistakes of the Wolfe Island project and the negative effects it has produced.
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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Europe]
When the turbines started up near her home, in Shelburne, Ont., Helen Fraser suffered severe health effects. ...The latest ad from Sky-Power [a developer of renewable energy projects], states: "In over 25 years and with more than 68,000 turbines installed around the world, no member of the public has ever been harmed by wind turbines." ...So who is telling the truth?
Over the last couple of years, concerned citizens all around Jefferson County have sponsored informational sessions on wind turbine issues. These sessions have brought out the facts and the health hazards of placing wind turbines where people live. ...The facts are there and the facts are being stepped over to pick up money our Congress has made available for renewable energy. This is your money, and this is just another giveaway program for an inefficient source of energy. We need to channel our tax dollars into the development of real fuel-cell technology for cars and trucks.
This is a letter of concern requesting commissionerʼs in both counties to enact a moratorium on Wind Turbines until more environmental, safety, and wildlife studies can be concluded. There are many issues regarding turbines that have not been adequately addressed. ...There are legitimate noise and health issues caused by wind turbines. This should be researched more before construction.
We question why you are so urgent to bring Wind Energy Farms to our mountaintops before sufficient research and planning is concluded.
As we stood on Telegraph Road in the Town of Eagle, looking at a landscape of turbines erected by Noble Environmental ... one turbine in particular almost seemed to whistle. The rest of them raised a steady whoosh, whoosh, woosh. Maybe it was just one errant whistling turbine, and a field of them may be scenic, but what if New York fulfills its alternative energy goal, and there are thousands of these 400 foot towers in the upstate countryside? Would you live next to one?
The money carrot stirs commissioners to not regulate wind development
October 23, 2008 in The Republican
October 23, 2008 in The Republican
I am for "property rights" as much as anyone else, but unless I have been living on a different planet than Commissioner Holliday, I do not believe that I can do whatever I want with my property. If that were the case, our natural landscape and environment would be in a very sorry state today. ...Let us face the facts: The real issue here is not "property rights," wind turbines, or anything else that makes any logical sense. All the logical arguments have been presented to no avail. The commissioners have the power now to regulate industrial wind, but choose not to.
I am writing this to make clear my vehement opposition to the wind turbine proposed by Mark Richey Woodworking. It will be constructed in the Newburyport Industrial area at 40 Parker St. I do support renewable energy but I feel that the location for this turbine is a highly unsuitable one.
I do not believe that the Newburyport Zoning board (ZBA) thoroughly investigated the impact that these projects would have before approving them. This turbine will have a direct and very negative impact on the neighborhoods that surround them.
I am extremely opposed to the location of the 300-foot, high wind turbine at the Mark Richey property, 49 Parker St. I am not opposed to alternative energy but, just as the discovery of X-rays had everyone getting new "pictures" taken, to later discover the ramifications of incorrect use of this technology, we cannot build enormous hazardous turbines in such close vicinity to habitable structures industrial and residential.
Going in circles: The introduction of a wind farm to northwest Arkansas is far from a sure thing
October 19, 2008 in Benton County Daily Record
October 19, 2008 in Benton County Daily Record
It's difficult to say wind energy is contagious in our neck of the woods. You get the feeling some northwest Arkansas residents would like to back any proposal for alternative forms of energy, but many others aren't enamored with every plan. ...As much as one sees the sense in developing alternative energy, one must also recognize the potential for clashing interests when someone proposes adding these massive wind turbines to large sections of land.
My wife and I own a home on Backbone Mountain, which is located next to the first turbine in the proposed Roth Rock wind power project.
It will be 1,185 feet from my bedroom to this 476 foot tall industrial structure, which is nearly as tall as the Washington monument but only two "monument lengths" away. Except in this case it's not a benign stone structure. It's mechanical with large, noisy, and dangerous moving parts.
This turbine will also be located within 378 feet of two other lots in our subdivision.
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.
Imagine the brouhaha if an oil company built a series of 300-foot-high oil derricks along the foot of Mt. Timpanogas. Or if an advertising firm erected billboards as tall as the Statue of Liberty in front of Y Mountain. The fur would fly. But see how different it is with the Spanish Fork wind farm. State and local dignitaries line up to praise the turbines that are a visual blight at that end of Utah Valley.
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.
Industrial wind turbines are being pushed by government and wind developers, doing their own studies, to promote their own interests.
All of us who are in the line of fire from these gigantic industrial installations seem to be of little concern.
Our rural countryside is threatened with industrial wind power installations with minimum setbacks from homes of only 400 meters.
The public information program that was held at the Thousand Islands Central School on Sept. 25 was attended by Jefferson County residents who wanted to learn more about industrial wind turbines. The program was put together by a group of citizens from the Cape Vincent, Clayton, Orleans, Lyme and Brownville areas who saw a need for a program like this. ...The public needs to be informed of how our quality of life would be affected and reminded that we are not in an Empire Zone so the profits here would not be close to what was gained in Lewis County.