Sunday, January 25, 2015

More Green Energy Failure

More evidence that green energy is pretty much useless, except to raise costs.
From Fox News:
An ambitious and controversial push to erect America's first offshore wind farm has been dealt what some call a potentially "fatal" blow after two utility companies pulled out of commitments to buy energy from the lagging operation. 
The $2.6 billion Cape Wind project, a private operation benefiting from millions in federal subsidies, is attempting to pioneer offshore wind energy in pursuit of an eco-friendly, sustainable energy supply. Wind turbines would be installed off the coast of Massachusetts' Cape Cod in Nantucket Sound. 
But Cape Wind is now in limbo after utility companies terminated huge purchase agreements. They pulled out after the project failed to meet two requirements by Dec. 31: to secure financing and begin construction. 
The wind farm was relying on NSTAR and National Grid to purchase a combined 77.5 percent of its offshore wind power.
If I remember right, the Kennedy family didn't want this to be built, using the NIMBY excuse.
But in retrospect, the Kennedy's may saw that this green energy project was going to be a green failure.
Nah, they weren't that smart.

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