I love the smell of Schadenfreude in the morning.
Hopefully this will be the beginning of the end for this overpriced, pie in the sky BS.
IIRC, RFKjr was against the project as it was an eyesore from their beachfront property
I live on Cape Cod. When I first heard about this project, I thought it was a great idea. Interestingly, the fight about the project was about sacred Indian grounds and views of the ocean. For example, people like the Kennedys and Kerry were against it, even though it was green, because it would ruin the skyline view from their south-facing estates.
What I never understood is why the actual cost details were held from public view. It was very difficult to find out what was really going on, and what side deals were involved.
It turned out that if this project was done, the local electric companies would be forced to take all the electricity it could generate at high rates (not sure exactly, but something like 25 cents/kwh), which they would then blend in with their other generation costs. Including their markups and grid management costs, this was 30+ cent per kwh electricity to the consumer. Our electricity rates are currently around 21 cents/kwh as it is.
The sneaky, one-bid contract negotiations are what sunk this, not the elitist complaints about the view. F’n Ted Kennedy even had a Senator from Alaska try to sink it on the grounds that the windmills would be within so-many miles of navigational routes (he didn’t want to do it himself).
Of course I’m glad it’s dead. But I’m angry that these things are never debated on real economic grounds—in either direction.
Turbines need to be on land so the shredded poultry downstream can be harvested to feed the hungry victims of the Obama Depression.
It will be rescued. Some nice free money will come along.
I remember an article in the Wall Street Journal. I think it referred to this project. The investor who wrote it was originally in favor of it and ready to invest huge dollars. Then he asked his analysts to re-run the numbers without government incentives and the profit margin was so thin that any delay or any one turbine that failed would make it a negative investment. Wind is not financially viable.
Wind Power doesn’t blow, it just sucks.
Undoubtedly this was forced on the utilities by the government. Electricity bills here in Massachusetts have doubled this year. Yes, doubled.
Thankfully, it looks like a smart lawyer got them an out. Good for them, good for us.
Frickin nat gas is at $2.70 today, per million cubic feet.
Combined cycle converts this at 50% efficiency to electricity.
Can you say $0.02 per KWH, wholesale?
This is why this windmill thing is dead.
Plus, take a look at western Iowa. They took rolling hills of whistling crops and turned it into a Disneyesque mechanical ride view.
Democrats ruled the House of Representatives for 40 years, 1954-1994. In 2008, Democrats captured the Congress and the Presidency. I predicted the Democrats will loot the Treasury. “Renewable power” was the game.
Everybody knew it wouldn’t work.
It’s weird - with so many companies going belly-up, you would think now that solar panels should be cheaper than linoleum squares.
As far as New England electricity costs, every plumber knows that water doesn’t go uphill and Thursday’s payday!
There’s so much water going downhill in New England that it should have the cheapest electricity in the nation.
Seems like it's full steam ahead....Making some of the last open prairie look like hell.
Killing bald eagles...with an okay from Washington. Killing raptors..and other migratory birds and bats with the full support and power of the Fed's.
It's a damn shame...........