Wed. Dec 11th, 2019

Offshore Wind Tripped Up by the Trump Administration

Visitor ROTFLMFAO by David Middleton

From the too fracking humorous information…

ENERGY TRANSITIONS
Trump admin throws wrench into offshore wind plans
Benjamin Storrow, E&E Information reporter Climatewire: Monday, August 12, 2019

The Trump administration is ordering a sweeping environmental assessment of the burgeoning offshore wind business, a transfer that threatens to derail the nation’s first main venture and raises a bunch of questions for future developments.

The Bureau of Ocean Vitality Administration, a division of the Inside Division, is ordering a research of the cumulative influence of a string of initiatives alongside the East Coast. The assessment is available in response to issues from fishermen in regards to the influence of offshore wind growth on East Coast fisheries.

[…]

The evaluation throws Winery Wind’s future into doubt. The developer, a partnership of Avangrid Inc. and Copenhagen Infrastructure Companions, warned it could be tough to proceed if BOEM delayed its environmental evaluation past the summer time. However Winery Wind officers sought to strike an upbeat tone after BOEM’s supplemental EIS was introduced Friday.

They known as the choice “a shock and disappointment” however insisted the venture “stays viable and continues to maneuver ahead” (E&E Information PM, Aug. 9).

Winery Wind’s issues are a number of, in line with business analysts and people acquainted with the venture (Climatewire, Aug. 7). In the beginning is the supply of the funding tax credit score, a federal subsidy out there to wind initiatives. The venture had anticipated taking a 24% tax credit score on $2.eight billion in capital prices. That enabled the corporate to signal a contract with three Massachusetts utilities at a value far decrease than what analysts had initially anticipated.

However the tax credit score expires on the finish of the 12 months. Whereas the venture may nonetheless qualify for an exemption due to the allowing challenges it has confronted, the logistics related to constructing America’s first main offshore venture makes that extra difficult.

[…]

E&E Information

Winery Wind, welcome to our world…

If you happen to can’t deal with allowing challenges and also you’re depending on subsidies, you don’t have any enterprise attempting to construct issues within the ocean.

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