Clean Energy In The Wind

“The first offshore wind farm in construction in the United States, the 30-megawatt, 5 turbine Block Island Wind Farm is scheduled to be online in 2016. Soon, the Block Island Wind Farm will not only supply most of Block Island’s power, but also reduce air pollution across southern New England for years to come.”
See Clean energy is just over the horizon. – Deepwater Wind
Bravo! It’s good to see USA beginning to take seriously the abuse of fossil fuels instead of using renewable energy sources like wind, tide, solar, geothermal… It’s so silly to limit a whole society to a few technologies just because they are widely used. Monopoly is not efficient except for the monopolist… It’s the same in IT and energy.

Here’s an example where an island may be powered by dirty diesel generators or the sea breezes. Having choice is good. Taking the alternative choice is even better. I hope current initiatives can survive the deadly reign of Trump who seems intent on enriching his already rich friends instead of doing what’s right for the environment.

About Robert Pogson

I am a retired teacher in Canada. I taught in the subject areas where I have worked for almost forty years: maths, physics, chemistry and computers. I love hunting, fishing, picking berries and mushrooms, too.
This entry was posted in technology and tagged , , , . Bookmark the permalink.

2 Responses to Clean Energy In The Wind

  1. dougman wrote, “This project has nothing to do about going green or clean energy. Its a money making business deal.”

    You think people live out on that island to breathe diesel fumes? It is about making money but it’s also about clean air.

  2. dougman says:

    This project has nothing to do about going green or clean energy. Its a money making business deal.

    “Deepwater Wind will receive 24.4 cents per kwh for all the power those turbines can generate. That’s more than twice the wholesale price that National Grid pays for electricity now. And a lot even for New Englanders used to paying 17 cents per kwh. The average American pays 10 cents.

    Worse, the contract has a built-in price escalator of 3.5% per year. That means by the end of the 20 years National Grid will be paying Deepwater 50 cents for each windy kwh. While Deepwater would not comment on financial projections, FORBES calculates that if G.E. can keep those turbines in working order, the wind farm could generate $900 million for Deepwater Wind and its majority shareholder, D.E. Shaw & Co. Add in about $100 million in federal renewable energy investment tax credits and Deepwater Wind is looking at a juicy, unleveraged pretax return on the order of 7.5%. It is a legally guaranteed, risk-free money machine.”

Leave a Reply