Articles filed under Impact on Economy from USA

As turbine effort secures financing, conservationists speak out

The project was technically feasible, but the energy output from the turbines — 120 to 500 megawatts — would have cost two to four times more than land-based wind, according to a NYPA news release. The NYPA said annual subsidies of between $60 million and $100 million would result in high costs to the New York Power Authority. Great Lakes Wind Truth and NA-PAW were outspoken against the GLOW project, with hundreds of residents in the town of Greece, N.Y., signing a petition against it.
22 Dec 2013

Continued growth in Portland could be threatened by wind farm

City officials said Portland has consistently grown at about 1.5-percent for the past 10-15 years, adding that they have done that by encouraging single-family home development ...However, they said that being so close to the wind turbines in nearby Taft will be the city's biggest challenge for further growth. "What we understand from talking to developers is that they are reluctant to build single-family subdivisions in the shadow of wind turbines."
13 Dec 2013

Maine wind makes CT solar affordable

The average 8-cent price for the two contracts was only possible because Connecticut is buying a large amount of cheaper power from Maine — probably 6-7 cents per kilowatt hour — that makes the cost of the Connecticut solar power — probably 12-15 cents per kilowatt hour — more affordable on average.
11 Nov 2013

Maine wind makes CT solar affordable

The average 8-cent price for the two contracts was only possible because Connecticut is buying a large amount of cheaper power from Maine — probably 6-7 cents per kilowatt hour — that makes the cost of the Connecticut solar power — probably 12-15 cents per kilowatt hour — more affordable on average.
11 Nov 2013

R.I. is being had by Deepwater Wind

When the Rhode Island Supreme Court ruled that our legislature had required consideration of only the “benefits” and not the costs of the Block Island project, it wrote: “this Court recognizes the parade of irrational possibilities that could incur from this legislative direction.” We are now facing those irrational possibilities to the economic detriment of our citizens. That $535 million is a lot of money.
6 Oct 2013

Wind backers worried about state rule change; Lawmaker says ‘cry me a river’ to those questioning proposed bill

Much of the opposition to the legislation is from developers who are essentially receiving a subsidy because of the requirement to produce much of that energy in Ohio, Seitz said. He argued his proposal would help the environment but create more competition to produce that energy. “Cry me a river,” Seitz said of critics. “Is it about being green or making people money?”
6 Oct 2013

Rule forces us to ask how much the wind costs

The region now has a wind power capacity, on paper, of 4,500 megawatts. That is certainly a lot. The law requires large utilities to obtain 15 percent renewables by 2020. All this windy carbonless renewability raises some reasonable questions, such as: How much? Who pays? Is there a better way? Are we actually reducing our carbon footprint, or are we covering Eastern Washington with windmills and raising our electric rates for not much environmental gain? I would like to know.
26 Sep 2013

Chamber's incomprehensible support for wind project

The Greater Providence Chamber of Commerce has endorsed the Deepwater Wind project. Chamber President Laurie White criticized the opponents of this overly expensive and ill-advised offshore wind turbine proposal. Her chamber's position is incomprehensible, because the project will do nothing for any of its members, excluding Deepwater Wind and National Grid, except increase their electricity rates.
21 Sep 2013

UMaine pressured to release wind proposal

The UMaine partnership's lawyer, Tony Buxton, said the proposal was filed as a confidential document in keeping with the practices of all other PUC bidders, including Statoil, and would be made public if and when a power contract is awarded by the PUC. Buxton pointed out that the university project is in competition for federal energy funds with six national deep water wind proposals, including Statoil.
18 Sep 2013

Its nuclear plant shut, Maine town full of regret; Wiscasset, Maine, long in economic depths

In the 17 years since Maine Yankee began dismantling its reactors and shedding its 600 workers, this small, coastal town north of Portland has experienced drastic changes: property taxes have spiked by more than 10 times for the town's 3,700 residents, the number living in poverty has more than doubled as many professionals left, and town services and jobs have been cut.
18 Sep 2013

Its nuclear plant shut, Maine town full of regret; Wiscasset, Maine, long in economic depths

In the 17 years since Maine Yankee began dismantling its reactors and shedding its 600 workers, this small, coastal town north of Portland has experienced drastic changes: property taxes have spiked by more than 10 times for the town's 3,700 residents, the number living in poverty has more than doubled as many professionals left, and town services and jobs have been cut.
18 Sep 2013

Studies Show Land-Based Wind Turbines Cause Property Values to Plummet

A national study that claims there is "no statistical evidence" that real estate prices near wind turbines are negatively impacted is misleading because it lumps homes close to the turbines with those miles away, according to Wind Wise Massachusetts. ..."Wind turbines near residential areas are devastating to home values," according to Michael McCann, president of McCann Appraisal of Chicago.
16 Sep 2013

Wind farm owner's inability to refinance debt raises questions about health of renewable energy market

Withdrawing the debt package raises broader questions about the current market interest in the renewable energy sector, and perhaps First Wind in particular, according to industry watchers. "But from a business perspective, this suggests this particular debt offering wasn't sufficiently attractive to this market," Griset said.
27 Aug 2013

Green energy costs raising concerns; Mandates account for 5.4% of monthly bill

The rising cost of green energy mandates in Massachusetts is starting to raise concerns, with one utility estimating the state's renewable energy initiatives currently account for 5.4 percent of a typical customer's monthly bill and are expected to take a much larger share in the next few years. ...The National Grid estimate is the first attempt to assess the cost of the state's green energy initiatives, most of which are more than five years old.
10 Aug 2013

https://www.windaction.org/posts?location=USA&p=6&topic=Impact+on+Economy&type=Article
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