Articles filed under General from Maine
“Unless these projects win overpriced, mandated government contracts, the market cannot support them,” said Chris O’Neil, a spokesman for Friends of Maine’s Mountains. “They’re taking a risk that they are purchasing a performing asset. It may or may not happen.”
The renewable energy giant SunEdison has asked a bankruptcy judge to approve its sale of various wind projects, including a proposal near Moosehead Lake that has generated local opposition.
With giant wind developer SunEdison now bankrupt and struggling to reorganize, several Maine wind energy projects continue to move forward under new management. It appears, according to filings in U.S. Bankruptcy Court in New York, that before its voluntary bankruptcy declaration in April, SunEdison sold Maine wind farms in Bingham and Oakfield and the Bull Hill project in Township 16 to Terra Nova Renewable Partners, owned by SunE Utility and Novatus Energy. SunEdison also had withdrawn, at least temporarily, an application to the Maine Department of Environmental Protection for the Weaver Wind project — a 22-tubine proposal in the Hancock County towns of Osborn and Eastbrook. But another SunEdison and Novatus project — the 17-turbine, 56-megawatt Hancock Wind farm in Townships 16 and 22 — remains under construction. And according to contractor Reed & Reed, the project, when completed, will boast the largest turbines in the Americas with towers of 382 feet and turbine rotor diameters of 384 feet.
The Atlanta-based energy company Southern Co. has purchased the Passadumkeag Wind project in Grand Falls Township for about $127 million.
There appeared to be multiple controversies on simmer at the same time regarding a possible wind power project in Milton Township that was discussed at the monthly meeting of the Oxford County Commissioners.
Pattern has agreed to buy rights to SunEdison’s proposed King Pine wind project for about $26.5 million, conditioned upon the project winning a supply contract from a group of southern New England states that solicited clean energy proposals in February.
The San Francisco-based wind energy investors Pattern Energy Group Inc. has reached a deal with the now-bankrupt SunEdison to buy development rights for what would be the state’s single-largest wind farm, located in southern Aroostook County.
“If Weyerhaeuser is pulling the plug on the Misery Ridge project, it’s a great day for the Moosehead region. ...Avoiding this disaster will allow us to redirect or energy and our resources to growing our economy and promoting the richness and world-class natural beauty that makes this region outstanding,”
Chris O'Neil is policy director of Friends of Maine's Mountains, sees the New England Clean Energy RFP as a bid by southern New England to "turn Maine into their wind plantation." "If these wind projects are the 'heist' then the transmission project is the 'getaway car,'" he says. ... wind power "as an extravagant waste of money" that isn't worth "ruining the hills and mountains" of Maine.
If SunEdison goes bankrupt, the company and industry experts say it won’t mean much for the wind developer’s existing projects, but it raises questions about the fate of other wind farms SunEdison has in the works.
The Austrian energy company, WEB Windenergie, is buying a locally owned Maine industrial wind company, Pisgah LLC. The company hopes to access a guaranteed 20-year Emera Maine contract for selling energy at 9.3 cents per kilowatt-hour. ...the problem is that the fat contract is only available through a state program open to local Maine companies.
TerraForm Global said SunEdison claimed the money would be used to finish nearly completed renewable energy projects in India. In return, TerraForm Global would receive SunEdison’s equity interests in the deals ...“SunEdison instead diverted the funds to prop up its flagging liquidity position rather than to fund the projects in India as promised,” said the lawsuit.
The Board of Selectmen voted 3-2 Monday evening to place an amended wind energy facility ordinance before voters June 14.
TransCanada is looking to sell its New England power generation business, including its wind farm in western Maine and hydroelectric dams on the Connecticut River, as part of its effort to finance its $10 billion acquisition of Houston-based Columbia Pipeline Group.
The seven local owners of the $26 million Pisgah Mountain LLC wind farm have entered a partnership with a Canadian renewable energy company that helped purchase the five turbines to be installed on the mountain this year, developer Paul Fuller said Monday.
Maine was originally part of Massachusetts, and we act like we are still, but I would admonish Maine residents to rise up and show the wind developers the door. Let them try constructing these useless monstrosities in the Berkshires and see how far they get. I have yet to delineate the total crony corruption that has enabled this industrial wind disaster but here are a few nuggets to chew on.
As communities want to opt out of fast-track wind development, forestland companies want a review. Forest products companies that own land in unorganized and deorganized parts of Maine are challenging petitions by residents of the communities who want to opt out of fast-track commercial wind development.
And a wind power project originally proposed for land in Fort Fairfield moved a mile north in its final iteration, on 100 acres of farmland in Limestone. ...but that plan was essentially killed by an ordinance for wind projects that established a one-mile setback from landowners not involved in the project.
An effort to cap electric rates in Maine at 10 cents per kilowatt hour or less likely will go to a vote by the Legislature’s Energy Committee on Tuesday. But the bill, LD 1339, by Senate President Mike Thibodeau, R-Winterport, also calls for the suspension of the state’s renewable energy portfolio requirements if suppliers cannot provide a 10-cent rate while meeting the portfolio requirements.
Critics suspect the commission cherry-picked pricing forecasts in favor of natural gas and against wind power. The Maine Public Utilities Commission is refusing to release a set of energy-pricing forecasts that are at the center of allegations that it improperly scuttled a wind power contract.