NRG backs out of wind deal

NRG backs out of wind deal

There are 2 comments on the The Daily Times story from Dec 14, 2011, titled NRG backs out of wind deal. In it, The Daily Times reports that:

Many people are thinking locally as they shop for gifts at this time of year, and what could be a... Peter Mandelstam, president of Bluewater Wind, takes questions at a meeting in Newark.

Join the discussion below, or Read more at The Daily Times.

“Come Home America!”

Since: Nov 11

Claymont, Delaware 19809

#1 Dec 14, 2011
Delaware Gov. Jack Markell has said if NRG can't follow through, Bluewater Wind is in serious jeopardy.... Climate Progress; Dot Earth; The Energy Collective; most publicized is Cape Wind, a 130-turbine project on Nantucket Sound. After much debate over spoiling scenic views in the area or interfering with Native American religious rites, Interior Secretary Ken Salazar approved the project to much fanfare back in April, and the U.S. Environmental Protection Agency (EPA) denied an appeal by project opponents. The Federal Energy Regulatory Commission (FERC) followed with approval of the Atlantic Wind Connection, a transmission backbone to bring offshore wind energy generated off the East Coast to cities like New York and Philadelphia.

But since then, Cape Wind has been stuck in neutral. The U.S. Department of Energy (DOE) announced last month that a federal loan guarantee for the project was on hold after Congress cut off new funding for the loan guarantee program. Developers are now scrambling to find financing for the project so they can begin construction, and have only been able to secure a power purchase agreement for half its planned output.

Meanwhile, down the Atlantic coast in Delaware, NRG's Bluewater Wind project has also hit rough seas. The 150-turbine project is under contract to begin producing power for Delmarva Energy by 2016. But NRG announced last month it is delaying construction of a meteorological station, the first step toward construction of the turbines. NRG blames both the lack of federal loan guarantee funds and lawmakers' reluctance to continue renewable energy credits, another program that allows renewable developers to get financing. NRG has said it remains committed to the project, but the state is looking for other developers to step up. Delaware Gov. Jack Markell has said if NRG can't follow through, Bluewater Wind is in serious jeopardy.

All this may mean the tide may roll into Texas, where the permitting process is somewhat simplified"

Are we really going to let Rick Perry's Texas be the First State to get an operationally efficient wind power station in the water? Come on Delawareans! Aren't we the Diamond First State!?!

“Come Home America!”

Since: Nov 11

Claymont, Delaware 19809

#2 Dec 14, 2011
Don't just ask the Dutch;ask the world if windpower is a sustainable energy source. Offshore Wind Energy: The Benefits and the Barriers ...
NRG Bluewater Wind has announced that it may not move forward without a loan ... Joe Romm is a Fellow at American Progress and is the editor of Climate Progress,... constructed the first offshore wind facility in in 1991. In the intervening two decades 10 other countries installed offshore wind farms—eight nations in northern Europe, plus Japan and China (see chart).

Unfortunately, in the United States, lack of a clear regulatory structure, inconsistent messages from other ocean stakeholders, congressional budget battles, opposition to specific project siting, and instability in financial markets have all played a role in preventing domestic offshore wind from becoming a reality.

No permitting process existed when America’s first offshore wind developer, Cape Wind, began efforts to build a wind farm off the New England coast. It was 2005 before Congress acted to define a clear permitting process for offshore wind facilities and to extend key financial incentives to help the industry develop. Then it was nearly six more years—over a decade in total—until Cape Wind at last received the final green light from the Department of Interior to begin construction.

That decision was announced on April 19, perhaps not so coincidentally just one day before the first anniversary of the BP oil disaster.

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