Politico reported Friday that the two big signature offshore wind projects that formed the basis for that state’s incredibly destructive, stupid mandate and subsidy program have been cancelled.
New York’s frankly idiotic state government had set a goal of 70% wind and solar power generation in their already-unreliable power grid by 2030. The cancellation of these projects, which had received provisional approvals for absurdly high rate payments by utility customers following last year’s cancellations of previous major projects, puts a humiliating coda on a goal that was incredibly stupid to begin with.
Here’s an excerpt from Politico’s story:
ALBANY, New York — New York’s signature offshore wind projects meant to boost confidence in the industry are being scrapped, a major hit to the industry in the state and the nation.
The decision is another setback to New York’s aspirations to achieve 70 percent renewable energy by 2030 and be a hub for the nascent industry in the United States. It will also be another challenge for President Joe Biden’s already likely out-of-reach 30 gigawatt goal for offshore wind by 2030.
NYSERDA, the state authority in charge of the deals, announced Friday that no final agreements could be reached with the three projects that received provisional awards in October 2023. Those bids were all linked to major supply chain investments by General Electric and a larger turbine it planned to build that was aimed at boosting the region’s renewable energy portfolio.
“Subsequent to the provisional award announcement, material modifications to projects bid into New York’s third offshore wind solicitation caused technical and commercial complexities between provisional awardees and their partners, resulting in the provisionally awarded parties’ inability to come to terms,” NYSERDA wrote in an announcement.
[End]
Importantly, the cancellation of these big offshore projects is just part of a larger, ongoing trend of planned projects offshore the Northeast coast being cancelled because they simply are not financially viable.
This excerpt tells that story:
The unsuccessful solicitation comes after several blows to the industry in the U.S. in the past year, indicating the high costs and regulatory hurdles each project faces — along with the concern over socking utility customers with higher bills to pay for them.
New York awarded the three projects after the state Public Service Commission last fall rejected a request for higher prices from other developers. The PSC drew a line in the sand that likely constrained NYSERDA’s negotiations: no price increases for competitively awarded projects.
Other early projects canceled their deals after the decision, and similar moves have upended efforts in other states.
[End]
Happily, the billionaire-funded climate alarm community that has been pushing these mass whale-killing atrocities are upset by the continuing failures of their idiotic dreams for an ocean filled with towers as tall as the Empire State Building and football-field-long, mass bird-killing blades:
Environmental advocates are alarmed by the challenges facing the industry. Offshore wind is key to reaching New York’s goal of 70 percent renewable energy sources by 2030, along with other longer-term targets. But there is growing evidence that the mandate will be hard to reach.
“We are very concerned about not meeting the climate goals,” Adrienne Esposito, executive director of the Citizens Campaign for the Environment, said before NYSERDA’s announcement. “All three of these are in a holding pattern and we need a flight plan.”
[End]
Oh, darn the luck!
Somebody pop open some Champaigne.
That is all.
Good news with which to start my Saturday. Thank you.
Reading between the lines it sounded a bit like when New York said we'll hold you to the price we originally negotiated, the wind grifters left.
Where is the wind? You turn on the wind, now! The voting is in two days, you must make the wind. There is no room for error!