So all you renewable energy folks... do you understand why some aspects are financially irresponsible?

[healthmyths]

BP Plc and Equinor ASA have terminated their power agreement with New York state for a 1.3-gigawatt wind farm in the Atlantic Ocean, blaming changing economic circumstances that made the Empire Wind 2 project unviable.

The companies said they plan to seek new offtake opportunities, according to a statement Wednesday. BP and Equinor were among a group of developers that were rebuffed in October after asking state regulators for higher rates to deliver power from offshore wind farms.
The rejection was just the latest blow to the US offshore wind industry, which is struggling to adjust to rising inflation, supply-chain issues and other factors that have driven up costs. Many projects are in jeopardy as developers are forced to recalculate the numbers for proposals originally modeled years ago

BP, Equinor Tear Up Contract for Big New York Offshore Wind Project

(Bloomberg) -- BP Plc and Equinor ASA have terminated their power agreement with New York state for a 1.3-gigawatt wind farm in the Atlantic Ocean, blaming changing economic circumstances that made the Empire Wind 2 project unviable. Most Read from BloombergTech Stocks Slouch Toward Four-Day...

finance.yahoo.com

 

[sparky]

About 17.5 gigawatts of US offshore wind projects have won state contracts, and proposals representing more than half of that are in dispute or have been canceled, according to Fox. Those include the Ocean Wind 1 and 2 developments in New Jersey with more than 2.2 gigawatts of capacity that Orsted A/S stopped late last year. One gigawatt is comparable to a big, conventional nuclear power plant.

translation> investors can do the math! ~S~

 

[healthmyths]

Remember Biden's guarantee...
"I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM


So when he does that, 79% of electricity from fossil fuels, i.e. petroleum 36%, natural gas 33% and coal 10% that would mean instead of 4.24 Trillion kWh produced,
U.S. energy facts explained - consumption and production - U.S. Energy Information Administration (EIA) there would only be 890.4 billion kWh.
So if 50% EVs need 1.309 Trillion kWh more per year PLUS 3.349 Trillion kWh eliminated by Biden's guarantee..There will be daily blackouts in many parts of the USA.
And remember he guarantees to rid fossil fuels replacing it with his hot air!

 

[sparky]

And remember he guarantees to rid fossil fuels replacing it with his hot air!

His greenwashing is all about stumpin' for , and subsidizing, what is no different than our oilocracy , just more lipstick Healthy one....~S~

 

[yidnar]

BP Plc and Equinor ASA have terminated their power agreement with New York state for a 1.3-gigawatt wind farm in the Atlantic Ocean, blaming changing economic circumstances that made the Empire Wind 2 project unviable.

The companies said they plan to seek new offtake opportunities, according to a statement Wednesday. BP and Equinor were among a group of developers that were rebuffed in October after asking state regulators for higher rates to deliver power from offshore wind farms.
The rejection was just the latest blow to the US offshore wind industry, which is struggling to adjust to rising inflation, supply-chain issues and other factors that have driven up costs. Many projects are in jeopardy as developers are forced to recalculate the numbers for proposals originally modeled years ago

BP, Equinor Tear Up Contract for Big New York Offshore Wind Project

(Bloomberg) -- BP Plc and Equinor ASA have terminated their power agreement with New York state for a 1.3-gigawatt wind farm in the Atlantic Ocean, blaming changing economic circumstances that made the Empire Wind 2 project unviable. Most Read from BloombergTech Stocks Slouch Toward Four-Day...

finance.yahoo.com

another failed tax subsidized money laundering scheme from the left .

 

[BluesLegend]

Dems and FAILURE go hand in hand the blithering idiots.

 

[1srelluc]

Given the subsidies available the costs must have been totally bonkers.

 

[BluesLegend]

Given the subsidies available the costs must have been totally bonkers.

Dem elite don't want those wind farms anywhere near their beachfront homes.

 

[Manonthestreet]

Obviously the answer is to force them to do it....Thats how greenies roll

 

[Dreadnaught1968]

Dem elite don't want those wind farms anywhere near their beachfront homes.

The NIMBY crowd...