Energy developer delivers major blow to blue state’s climate agenda by canceling offshore wind contracts (Maryland)
Fox News via MSN | 1/27/24 | Thomas CatenacciMultinational energy developer Orsted unexpectedly withdrew from agreements with the State of Maryland to develop two offshore wind projects, citing worsening economic conditions.
Orsted announced that it had pulled out of orders which the Maryland Public Service Commission (PSC) issued years ago greenlighting the so-called Skipjack Wind 1 and Skipjack Wind 2 projects, and selecting the projects for a 20-year Offshore Renewable Energy Credit (OREC). Maryland Democrats repeatedly pointed to the Skipjack Wind development as a key part of the state’s aggressive decarbonization agenda.
“Today’s announcement affirms our commitment to developing value creating projects and represents an opportunity to reposition Skipjack Wind, located in a strategically valuable federal lease area and with a state that is highly supportive of offshore wind, for future offtake opportunities,” David Hardy, Orsted’s group executive vice president and CEO of its Americas division, said Thursday in a statement. “As we explore the best path forward for Skipjack Wind, we anticipate several opportunities and will evaluate each as it becomes available,” he continued.
Death traps for birds, inefficient, disposal issues, the redundancy required imposes costs, whale and human health effects, community eyesores, limited life span to amortize costs, lowers property values.
Windmills are only good for one thing and that’s to pump water out of the ground and they don’t look like a huge Martian invasion or something. The miniature windmills also make for some good landscaping junk that won’t kill a passerby.
Plus they are really tough on mini-golf courses.
What I read is “there is money to be made there, but due to Bidenomics, our current contract is no longer profitable. So we are just going to skip out on it, leave the State in a lurch, and then come in with a more profitable solution to save the politicians bum, diddly bums”, at which point he makes bongo gestures, and skips off to his limo laughing.
Face it, if you need subsidies to even stay in business you are a scam.
Stay in business? I just assumed the money was in the construction phase, and after the damn things are built, they pawn them off on some government utilities sucker.