Wind Companies Losing Billions

[Rightguide]

Wind companies losing billions, prompting fears a federal bailout could be coming​

Solyndra Redux? If the federal government’s history of throwing money at failing green companies is any indication, more taxpayer support to offshore developers is not implausible.
Kevin Killough
Published: October 28, 2023 11:45pm

Mounting financial losses in the wind industry over the last few months are taking a toll on the Biden administration’s clean energy drive. Despite the billions in subsidies that came down the pipeline in 2022 before the Inflation Reduction gave away even more money, energy experts don’t expect that the need for more money will deter the nationwide momentum to build more wind and solar farms.

Writing in his “Energy Absurdity” Substack, David Blackmon, an energy analyst with over 40 years of experience in the oil and gas industry, said that the lobbying for more renewable energy dollars is likely near.“Everyone should prepare themselves to see an effort in Washington, DC to allocate billions more dollars to bail out Big Offshore Wind developers soon,” Blackmon wrote.

Since the Obama administration, the federal government has been pouring billions into projects to meet environmental goals, only to have the companies go bankrupt.

In 2009, the Obama administration co-signed $535 million in loans to solar panel manufacturing startup Solyndra. Two years later, the company went bankrupt, laying off 1,100 workers.

More Energy clairvoyance here: https://justthenews.com/politics-po...s-experts-say-federal-bailout-could-be-coming

Shades of Obama's Solyndra do come to mind.

 

[ll74]

Promoting more propaganda from the oil and gas industry.

Neat

David enjoyed a 40-year career in the oil and gas industry, ...

 

[Sean Renaud]

https://int.nyt.com/data/documenttools/america-s-power-doc-1/6879834f06f3b364/full.pdf

Wind gets the lowest subsidy out of all the energy programs and the price for producing it them have done down 70% since 2009. Sounds like a good fucking investment. Too bad between Reagan and the Bushes and a lesser degree Clinton we're years behind where we should be.

 

[HisArpy]

"Clean energy" is and always was a scam. The gov gave incentives to switch and now that same gov is going to spend even more taxpayer dollars to bail out the creditors of those green energy companies.

In the end, the US taxpayer gets screwed twice. As usual.

 

[ll74]

"Clean energy" is and always was a scam. The gov gave incentives to switch and now that same gov is going to spend even more taxpayer dollars to bail out the creditors of those green energy companies.

In the end, the US taxpayer gets screwed twice. As usual.

Yes, you suck oil company cock as well

 

[Chobham]

I hope the House stands firm. Not a penny more for these losing pipe dreams.

 

[Sean Renaud]

"Clean energy" is and always was a scam. The gov gave incentives to switch and now that same gov is going to spend even more taxpayer dollars to bail out the creditors of those green energy companies.

In the end, the US taxpayer gets screwed twice. As usual.

Such a scam that even solid red Texas fell for it? We've bailed out the banks, and the auto industry how is this any different and if you'd check my prior post I've displayed that we subsidize other forms of energy far, far more than anything green. I mean is coal mining and pumping oil so expensive and so low profit that we have to incentivize people because nobody could make money even after what? Over a century and only government subsidsies or total monopolies like we had under the Robber Barons.

Do you honestly think that?

 

[ll74]

I hope the House stands firm. Not a penny more for these losing pipe dreams.

The House already has oil money to believe bullshit like this...no worries

 

[RobDownSouth]

Promoting more propaganda from the oil and gas industry.

Neat

Guy was editor of Oilman magazine. No bias there, nope. None.

 

[ll74]

Just another case of forcing a technology that wasn’t needed or ready.

But the good news is that a lot of well connected rich guys got a lot richer!

‘Murica!

Lies from the oil industry doesn't demonstrate anything except that they want to slow down an industry that isn't waiting for them.

 

[Sean Renaud]

Just another case of forcing a technology that wasn’t needed or ready.

But the good news is that a lot of well connected rich guys got a lot richer!

‘Murica!

The thing it is was needed twenty years ago. You guys bitch and bitch about energy independence then do whatever you can to keep us from getting there. I don't care some rich guys got richer. Hell as big a twat as Musk turns out to be if I loan someone money and it comes back ahead of time AND we get a jump on new territory I'm cramming that money in your pocket. Two rich men have been to space, he and Bezos want money to see just how cheap we can get space travel take the billion or ten and get on that shit.

 

[Fuzzy1975]

Wind companies losing billions, prompting fears a federal bailout could be coming​

Writing in his “Energy Absurdity” Substack,

Yes very unbiased author...."Energy Absurdity" is the title of his blog...

Since the Obama administration, the federal government has been pouring billions into projects to meet environmental goals, only to have the companies go bankrupt.

In 2009, the Obama administration co-signed $535 million in loans to solar panel manufacturing startup Solyndra. Two years later, the company went bankrupt, laying off 1,100 workers.

Yes lets lump a "solar" farm in with a "wind" farm....kind of like comparing trucks and cars....

More Energy clairvoyance here: https://justthenews.com/politics-po...s-experts-say-federal-bailout-could-be-coming

Shades of Obama's Solyndra do come to mind.

Yes a great warning from "Just the News", a Pulitzer prize winning outfit. Oh wait, no it's not...

 

[Chobham]

Lies from the oil industry doesn't demonstrate anything except that they want to slow down an industry that isn't waiting for them.

BULLSHIT!!!!!!!!!!!!!

You want 'green energy?' The only answer is nuclear, that's it. All else is payoffs to party donors.

 

[John_von_Neumann]

"Clean energy" is and always was a scam. The gov gave incentives to switch and now that same gov is going to spend even more taxpayer dollars to bail out the creditors of those green energy companies.

In the end, the US taxpayer gets screwed twice. As usual.

You're an idiot.

I hope the House stands firm. Not a penny more for these losing pipe dreams.

So are you.

 

[Fuzzy1975]

BULLSHIT!!!!!!!!!!!!!

You want 'green energy?' The only answer is nuclear, that's it. All else is payoffs to party donors.

Nuclear isn't "green energy".

 

[AlexBailey]

BULLSHIT!!!!!!!!!!!!!

You want 'green energy?' The only answer is nuclear, that's it. All else is payoffs to party donors.

You’re lying or ignorant, probably both.

 

[John_von_Neumann]

Nuclear isn't "green energy".

This is true. The carbon emissions associated with nuclear energy aren't trivial.

 

[Fuzzy1975]

You’re lying or ignorant, probably both.

I vote with both.

 

[Fuzzy1975]

This is true. The carbon emissions associated with nuclear energy aren't trivial.

Lets not mention the spent fuel. Sure they can argue over lithium, or cadmium or nickle recycling, but it's way easier than dealing with Plutonium.

 

[ll74]

BULLSHIT!!!!!!!!!!!!!

You want 'green energy?' The only answer is nuclear, that's it. All else is payoffs to party donors.

Wind and solar are viable sources.

Nuclear is as well.

Both make the US more energy independent

 

[Sean Renaud]

BULLSHIT!!!!!!!!!!!!!

You want 'green energy?' The only answer is nuclear, that's it. All else is payoffs to party donors.

China and even Texas would like a word with you.

 

[Chernosoth]

Affordable nuclear energy didn't happen when the US had tremendous enthusiasm and incentives for kids studying physics. Now the schools are failing, colleges are folding, and people who don't want to conserve energy casually assume we can nuke our way to happiness. We would need some highly educated immigrants to run so many nuke plants. What could go wrong?

 

[ll74]

Affordable nuclear energy didn't happen when the US had tremendous enthusiasm and incentives for kids studying physics. Now the schools are failing, colleges are folding, and people who don't want to conserve energy casually assume we can nuke our way to happiness. We would need some highly educated immigrants to run so many nuke plants. What could go wrong?

It's sad that people aren't supporting nuclear energy as much. We should have a plant in every state.

 

[Sean Renaud]

Nuclear energy is basically a nonstarter for two main reasons. Stupid fucking state right so we can't go I think it like New Mexico but through the depleted rods into the deepest parts of the mines. Between Chernobyl, 3 mile Island and more recently Fukishima that nobody wants that in their backyard.

That's gonna take one helluva campaign to convince people that it will produce jobs. Not just through construction but tell them manufactuers will build in town because of low electricity costs.

 

[dkovic77]

Wind companies losing billions, prompting fears a federal bailout could be coming​

Solyndra Redux? If the federal government’s history of throwing money at failing green companies is any indication, more taxpayer support to offshore developers is not implausible.
Kevin Killough
Published: October 28, 2023 11:45pm

Mounting financial losses in the wind industry over the last few months are taking a toll on the Biden administration’s clean energy drive. Despite the billions in subsidies that came down the pipeline in 2022 before the Inflation Reduction gave away even more money, energy experts don’t expect that the need for more money will deter the nationwide momentum to build more wind and solar farms.

Writing in his “Energy Absurdity” Substack, David Blackmon, an energy analyst with over 40 years of experience in the oil and gas industry, said that the lobbying for more renewable energy dollars is likely near.“Everyone should prepare themselves to see an effort in Washington, DC to allocate billions more dollars to bail out Big Offshore Wind developers soon,” Blackmon wrote.

Since the Obama administration, the federal government has been pouring billions into projects to meet environmental goals, only to have the companies go bankrupt.

In 2009, the Obama administration co-signed $535 million in loans to solar panel manufacturing startup Solyndra. Two years later, the company went bankrupt, laying off 1,100 workers.

More Energy clairvoyance here: https://justthenews.com/politics-po...s-experts-say-federal-bailout-could-be-coming

Shades of Obama's Solyndra do come to mind.

See how your “sources” have little to do with facts. Quick searches can show this. But you love the right-wing fan fiction you read each day.