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April 17 (Reuters) - U.S. Interior Secretary Doug Burgum ordered a halt to construction of Equinor's (EQNR.OL), opens new tab Empire Wind project off the coast of New York, saying information suggested the Biden administration approved it without enough environmental analysis.
Wind in general and offshore wind in particular has issues providing dispatchable electricity at a price low enough to be competitive with other sources.Fully permitted, and already under construction, Empire Wind is a 2000+ megawatt energy project in waters off NY state. Agencies assisting in the project's design and development include the National Marine Fisheries Servcie, the U.S. Army Corps of Engineers, the U.S. Coast Guard, the Bureau of Safety and Environmental Enforcement, the U.S. Environmental Protection Agency, the National Park Service, and the U.S. Maritime Administration. Empire 1 is the first of two wind energy projects that could provide electricity to a half million homes if construction is allowed to continue.
Their starting expected power purchase agreement PPA, guarantees them a price of $47.68 + $11.92 ($59.6) per MWh.The PPAs are with the Massachusetts distribution utilities of Eversource Energy, National Grid PLC and Unitil Corp. They set an energy price of $47.68/MWh for the first year, which would escalate to $76.22/MWh in the project's 20th year, according to state filings. And they set renewable energy credit prices at $11.92/REC for the first year, escalating to $19.06/REC in the 20th year.
We need to think about where a ~$60 per MWh wholesale price fits in with say the NY supply. PJM Western is for NY."As a result, the project is no longer viable and would not be able to move forward absent amendments to the PPAs."
Wind power in not modern, Wind power electricity is almost as old as hydroelectricity.Another sign of the US shying away from modern technologies in preference for antiquated ones.
Lol, it looks like Trump was able to stop it using some environmental bullshit excuse, the same way progressives prevent new housing from being built because it may displace some frogs and mosquitos:
Wind power in not modern, Wind power electricity is almost as old as hydroelectricity.
It is also unclear if wind power can actually produce electricity for less than alternatives.
Wind power projects seem to last just a little longer than the subsidizes.
I think in the end the maintenance cost will be too high, with the current design.
Both wind and Solar need grid scale seasonal energy storage to be viable, but batteries cannot do that job.
But people do not pay their electric bills in g-CO2-eq, but in dollars, and the cost of that electricity has to be the entire costSince tax filing day just happened (April 15th), here's something to ponder: tariffs, unlike corporate income taxes, directly impact the cost of goods and therefore affect the bottom line. Income taxes are applied after the bottom line, and only if there's a profit. This means tariffs are more likely to lead to higher prices for consumers in order to maintain the same profit margin.
It's also worth considering that back in April 1987, Ronald Reagan warned people about the dangers of a tariff trade war.
Basically bring this up became looking at the big picture while tariffs aim to boost domestic manufacturing, they could inadvertently hinder the growth of the clean energy sector, which is vital for addressing climate change.
sigh,...
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from an energy operational seems the stable genius is screwing things up yet AGAIN,...
Bankruptcy expert studies Trump casinos
A study by a Temple University Beasley School of Law professor shows Donald Trump’s casinos in Atlantic City lost far more jobs than their competitors.news.temple.edu
I like that idea, but you have to include those costs, to count Wind and Solar on the same level as a dispatchable power source.
But people do not pay their electric bills in g-CO2-eq, but in dollars, and the cost of that electricity has to be the entire cost
to bring that electricity to your meter.
Since tax filing day just happened (April 15th), here's something to ponder: tariffs, unlike corporate income taxes, directly impact the cost of goods and therefore affect the bottom line. Income taxes are applied after the bottom line, and only if there's a profit. This means tariffs are more likely to lead to higher prices for consumers in order to maintain the same profit margin.
Regulations were short-cutted? Trump campaigned on fast-tracking energy projects, not stopping them.Lol, it looks like Trump was able to stop it using some environmental bullshit excuse, the same way progressives prevent new housing from being built because it may displace some frogs and mosquitos:
Regulations were short-cutted? Trump campaigned on fast-tracking energy projects.
See, I think Wind has some other issues. Photovoltaic Solar on the other hand has real potential.Looking at the system (over the long term) the levelised co$t$ (i.e. "bottomline") tells me,... grid scale wind and mechanical batteries, is the best bang for the buck (and the environment)
Nearly all the consumer electricity in Scotland is wind generated and it's cheaper than in New York State. And that's with decades worth of North Sea oil unpumped.Wind in general and offshore wind in particular has issues providing dispatchable electricity at a price low enough to be competitive with other sources.
Avangrid asks to renegotiate contract prices for Mass. offshore wind project
Let's look for a second at what Avangrid says is not enough of a price guarantee to allow the project to continue?
Their starting expected power purchase agreement PPA, guarantees them a price of $47.68 + $11.92 ($59.6) per MWh.
But this amount and the built in increases would not be enough.
We need to think about where a ~$60 per MWh wholesale price fits in with say the NY supply. PJM Western is for NY.
U.S. wholesale electricity prices were lower and less volatile in 2024
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I am not sure that is correct, while a majority of Scotland's electricity comes from renewable sources, those are a combinationNearly all the consumer electricity in Scotland is wind generated and it's cheaper than in New York State. And that's with decades worth of North Sea oil unpumped.
Trumps America doubles down on hundred year old low tech energy while the rest of the world researches and innovates their way into the future.
Don't forget 19th century coal. Aren't we now in the 21st century?Trumps America doubles down on hundred year old low tech energy while the rest of the world researches and innovates their way into the future.
Yep. Apparently we will beat China at green energy by not investing and promoting it here.Another sign of the US shying away from modern technologies in preference for antiquated ones.
If we keep our technology and society exactly where it was in the 1950s, we will be great just like we were then, you see.Another sign of the US shying away from modern technologies in preference for antiquated ones.
LOLLol, it looks like Trump was able to stop it using some environmental bullshit excuse, the same way progressives prevent new housing from being built because it may displace some frogs and mosquitos:
It is not that we are not investing in new energy technology, but rather than we should not be subsidizingYep. Apparently we will beat China at green energy by not investing and promoting it here.
The oil industry is not concerned Green Energy, and will likely be the salvation of Wind and Solar.Probably at the behest of his large oil and gas industry 'donators'.
You make a valid point.It is not that we are not investing in new energy technology, but rather than we should not be subsidizing
Energy technologies that cannot survive without subsidizes.
At this stage, photovoltaic Solar could stand on it's own, why does wind power need guaranteed prices to survive?
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