Interest in Wind Projects Wanes, and Prices Dropping Fast!

    • Wind auction sees low interest

      Only two of four offshore MA wind areas get bids; sale prices much lower than prior sales off other states
  • By Mike Lawrence

    Only two of four wind energy lease areas in federal waters south of Martha’s Vineyard received bids in an auction today and the sale prices were millions of dollars lower than previous auctions for leases of smaller sizes off other coastal states, according to statements by federal energy officials.

    Leaders of the Bureau of Ocean Energy Management (BOEM) expressed a sunny outlook, though, in a conference call to media following the sales.

    BOEM put four lease areas up for auction this morning. The areas are collectively known as the Massachusetts Wind Energy Area and cover more than 742,000 acres in federal waters about 12 miles south of Martha’s Vineyard.

    BOEM Deputy Director Walter Cruickshank said the 187,523-acre lease area closest to shore sold for $281,285 to Renewable Energy Systems (RES) Americas, and the adjacent 166,886-acre lease area sold for $166,886 to Offshore MW. The other two lease areas, farther from shore, were not bid on, he said.

    U.S. Wind paid $8.7 million in August for leases on two areas totaling 79,707 acres off the Maryland coast, according to BOEM data. In September 2013, Dominion Resources paid $1.6 million for a lease on 112,799 acres off the coast of Virginia.

    Deepwater Wind paid $3.8 million for two lease areas totaling 164,749 acres in the Rhode Island/Massachusetts Wind Area – adjacent to, and closer to shore than, the areas auctioned today – in BOEM’s first competitive auction of offshore wind development leases, in July 2013.

    BOEM Director Abby Ross Hopper said the bureau was “happy with the results of (today’s) auction” and set the minimum bids lower than in previous auctions because of water depth and other factors.

    “The Massachusetts Wind Energy Area is located in deeper water than some of our other wind energy areas in other states,” Hopper said. “We knew that developing…in this area was going to be more expensive.”

    Hopper said another factor was that, unlike Massachusetts, other states had offered offshore wind credits and other financial incentives to renewable energy developers.

    “That obviously has value,” Hopper said, adding that legislation has been introduced in Massachusetts to add incentives for offshore wind, but has not yet been approved.

    Cheap oil and gas prices this month also may have deflated interest in wind power ahead of today’s auction. Additionally, the regional wind industry recently took a separate hit to the jaw, when utility giants NStar and Northeast Utilities announced the termination of their contracts to buy wind power generated by Cape Wind in Nantucket Sound, saying Cape Wind failed to meet critical financing milestones.

    Hopper denied a connection between Cape Wind and the lack of bids on two lease areas today.

    “I think the recent activity at Cape Wind shouldn’t be read as any sort of indicator of what happened in today’s auction,” she said. “I am very encouraged by the fact that two experienced wind developers have won provisional leases in the state of Massachusetts.”

    The provisional leases bought today represent less than half of the 742,000 acres that were up for auction.

    Cruickshank said the two areas that did not receive bids “are still part of the Massachusetts Wind Energy Area” and the bureau will discuss future options for their use with state agencies.

    He said RES Americas and Offshore MW were the only companies that placed bids in today’s auction.

    Follow Mike Lawrence on Twitter: @MikeLawrenceSCT

The Not-so-Great, Wind Power Fraud!!! Falling apart at the seams!

Wind Industry RUNS & HIDES as World Wakes Up to the Great Wind Power Fraud

Nightmare (1962) Jerry wakes up

Around the world, people are waking up to the scale, scope and magnitude of the great wind power fraud.

Rural communities are fighting back hard – in efforts to protect their homes, health and well-being. Their anger extends to the goons that lied their way to development approval – and the bent officials that rubber-stamped their applications and who, thereafter, help the operators ride roughshod over locals’ rights to live in and enjoy the peace and comfort of their own homes and properties (see our post here).

A little while back, the usual response from those opposed to wind farms was along the lines of: “we’re all in favour of renewable energy, so long as wind farms are built in the right place”.

But that was before people understood the phenomenal cost of the subsidies directed at wind power through massive corporate welfare schemes, like Australia’s mandatory LRET (see our post here) – and the impact on retail power prices (see our post here).

Fair minded country people are usually ready to give others the benefit of the doubt; and, not used to being lied to, accepted arguments pitched by wind power outfits about the “merits” of wind power: guff like “this wind farm will power 100,000 homes and save 10 million tonnes of CO2 emissions” (see our post here).

Not anymore.

Switched-on people everywhere have cottoned on to the fact that wind power – which can only ever be delivered at crazy, random intervals – is meaningless as a power source because it cannot and will never replace on-demand sources, such as hydro, gas and coal.

And, as a consequence, that wind power cannot and will never reduce CO2 emissions in the electricity sector. The wind industry has never produced a shred of actual evidence to show it has; and the evidence that has been gathered shows intermittent wind power causing CO2 emissions to increase, not decrease (see our post here; this European paper here; this Irish paper here; this English paper here; and this Dutch study here).

The realisation that the wind industry is built on series of unsustainable fictions has local communities angrier than ever and helps explain the remarkable numbers opposed: 90% is what’s fairly called a solid “majority” in anybody’s book (see our post here).

Up until now, the lies pitched up endlessly from the wind industry’s well-scripted “playbook” by wind industry parasites – like the American Wind Energy Association (AEWA) and Australia’s Clean Energy Council (CEC) – among others – have worked a treat.

Wind industry spuikers have been aided and abetted with the aid of the useful idiots that happily parrot for them in the media. You know, the usual ABC wind industry love-ins that occur with remarkable regularity on The Drum; and the sheep-like publication of the endless stream of press releases pumped out, ad nauseam, aimed at “shaping” the debate: aka “churnalism”.

Well, it seems that the wind industry’s spin-doctors are having a harder time of it these days –  as real journalists get a grip on the fundamental nature of what is – without a shadow of a doubt – the greatest economicand environmental fraud of all time.

Better still – there are a growing number from the fourth estate with the temerity to call it for what it is; and equally keen to wallop those that have profited handsomely from it.

When finally rumbled by well-briefed journos with the facts of their own infelicities – like any good fraudsters – these hucksters do the only honourable thing: they run and hide.

Here’s a great little report from Michigan Capitol Confidential that shows how – when factual push comes to shove – the wind industry’s “case” turns to water; and its spruikers respond in kind, by slamming doors and slamming down phones.

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RUN-HIDE-logo_crop

Nightmare (1962) Jerry wakes up

Around the world, people are waking up to the scale, scope and magnitude of the great wind power fraud.

Rural communities are fighting back hard – in efforts to protect their homes, health and well-being. Their anger extends to the goons that lied their way to development approval – and the bent officials that rubber-stamped their applications and who, thereafter, help the operators ride roughshod over locals’ rights to live in and enjoy the peace and comfort of their own homes and properties (see our post here).

A little while back, the usual response from those opposed to wind farms was along the lines of: “we’re all in favour of renewable energy, so long as wind farms are built in the right place”.

But that was before people understood the phenomenal cost of the subsidies directed at wind power through massive corporate welfare schemes, like Australia’s mandatory LRET (see our post here) – and the impact on retail power prices (see our post here).

Fair minded country people are usually ready to give others the benefit of the doubt; and, not used to being lied to, accepted arguments pitched by wind power outfits about the “merits” of wind power: guff like “this wind farm will power 100,000 homes and save 10 million tonnes of CO2 emissions” (see our post here).

Not anymore.

Switched-on people everywhere have cottoned on to the fact that wind power – which can only ever be delivered at crazy, random intervals – is meaningless as a power source because it cannot and will never replace on-demand sources, such as hydro, gas and coal.

And, as a consequence, that wind power cannot and will never reduce CO2 emissions in the electricity sector. The wind industry has never produced a shred of actual evidence to show it has; and the evidence that has been gathered shows intermittent wind power causing CO2 emissions to increase, not decrease (see our post here; this European paper here; this Irish paper here; this English paper here; and this Dutch study here).

The realisation that the wind industry is built on series of unsustainable fictions has local communities angrier than ever and helps explain the remarkable numbers opposed: 90% is what’s fairly called a solid “majority” in anybody’s book (see our post here).

Up until now, the lies pitched up endlessly from the wind industry’s well-scripted “playbook” by wind industry parasites – like the American Wind Energy Association (AEWA) and Australia’s Clean Energy Council (CEC) – among others – have worked a treat.

Wind industry spuikers have been aided and abetted with the aid of the useful idiots that happily parrot for them in the media. You know, the usual ABC wind industry love-ins that occur with remarkable regularity on The Drum; and the sheep-like publication of the endless stream of press releases pumped out, ad nauseam, aimed at “shaping” the debate: aka “churnalism”.

Well, it seems that the wind industry’s spin-doctors are having a harder time of it these days –  as real journalists get a grip on the fundamental nature of what is – without a shadow of a doubt – the greatest economicand environmental fraud of all time.

Better still – there are a growing number from the fourth estate with the temerity to call it for what it is; and equally keen to wallop those that have profited handsomely from it.

When finally rumbled by well-briefed journos with the facts of their own infelicities – like any good fraudsters – these hucksters do the only honourable thing: they run and hide.

Here’s a great little report from Michigan Capitol Confidential that shows how – when factual push comes to shove – the wind industry’s “case” turns to water; and its spruikers respond in kind, by slamming doors and slamming down phones.

RUN-HIDE-logo_crop