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NY State’s Energy Policy almost the equivalent of self imposed embargo
After 33 years of installing wind and solar, Germany is not even close to eliminating its reliance on fossil fuels. It’s only a question of which country they import the fossil fuels from. That used to be Russia. Going forward, that will be Qatar. They have realized that the policy proposed in 1990 is untenable…
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Energy & Environmental Impact
Elon Musk wants to sell cars and batteries. He is not considering climate effects or grid effects and he is hoping that the politicians aren’t aware enough to understand the issue. His viewpoint is skewed but he is correct about the lack of generation. Regarding the Combined cycle plant efficiencies, I was working from the…
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Soaring Costs Stress US Offshore Wind Companies, Ruin Margins
August 1, 2023 By Atin Jain, Senior Associate, Wind, BloombergNEF The US offshore wind industry faces a perfect storm of rising costs, permitting delays and grid connection hurdles – all leading to low returns. Inflation and supply chain challenges have driven up capital expenditure, while financing costs have spiraled due to rising interest rates. Developers want to…