Tag Archives: Offshore wind farm

Danish Wind Energy Giant Crashes 25% in One Day, Blames “Severe” US Market

From Watts Up With That?

Essay by Eric Worrall

h/t energywise – “… in talks with federal stakeholders to qualify for additional tax credits, which haven’t progressed as expected. …”

World’s Largest Offshore Wind Farm-Maker Crashes Most On Record After Catastrophic Results

BY TYLER DURDEN
THURSDAY, AUG 31, 2023 – 01:05 AM

Orsted A/S was hit with a massive 16 billion Danish kroner ($2.3 billion) impairment on its US portfolio due to snarled supply chains, soaring interest rates, and easy money tax credits drying up — a warning sign the green energy revolution bubble is in trouble. 

CEO Mads Nipper warned investors on a conference call: “The situation in US offshore wind is severe.” 

Bloomberg explained more about the headwinds plaguing Orsted: 

The company’s Ocean Wind 1, Sunrise Wind, and Revolution Wind projects in the US are being hurt by supplier delays, which could lead to writedowns of up to 5 billion kroner, it said late Tuesday. High interest rates could also add another 5 billion. In addition, the developer is still in talks with federal stakeholders to qualify for additional tax credits, which haven’t progressed as expected. If unsuccessful, it could lead to impairments of as much as 6 billion kroner.

Analysts at Bernstein warned clients in a note: “Today’s announcement flags risks in the US portfolio and does not do anything to improve the downbeat investor sentiment on the stock.” 

Read more: https://www.zerohedge.com/markets/worlds-largest-offshore-wind-farm-maker-crashes-most-record-after-catastrophic-results

One interesting aspect of this situation, is it highlights how vulnerable the renewables industry is to changes in the political landscape, even when they haven’t happened yet.

WUWT focusses a lot on the Biden administration’s apparent reluctance to conduct oil lease sales, allegedly hostile EPA oversight, and other apparent attacks on the fossil fuel industry. But equally, renewable investors and operators are suffering night terrors over the possibility a future conservative president might completely cancel their subsidy life support, at least at a federal level.

Let us hope the green industry’s worst fears are realised.

Right, Washington Post, Whales Aren’t Carbon Sinks, Especially If Offshore Wind Kills Them

From ClimateRealism

By H. Sterling Burnett

The Washington Post (WP) ran a story discussing the possibility of counting whales as carbon sinks or offsets, concluding that any carbon stored in whales would be insufficient to offset more than a fraction of human carbon dioxide emissions. This is true, and especially so as there is mounting evidence to suggest that efforts to fight climate change by building large industrial offshore wind projects are contributing to a growing rate of excess whale deaths.

In the WP story, “Whales Are the New Trees: Neither Will Save the Climate,” author Mark Gongloff writes:

A few years ago, a group of economists proposed that whale populations be treated as counterweights to pollution, much in the same way that supporting tree-planting allows individuals and businesses to “cancel out” their carbon emissions.

Here’s the basic idea: Whales store a lot of carbon in their massive bodies. They also poop prodigiously, creating a food source for phytoplankton, which themselves collectively hold even vaster amounts of carbon. And when whales die, their bodies sink to the ocean floor, trapping carbon in deep water for hundreds of years.

Although Gongloff supports the goal of enhancing whale populations, he notes a number of problems with efforts to treat whales as carbon sinks for the purpose of fighting climate change, among them, “is that nobody really knows how much carbon whales actually trap, or for how long,” and any carbon they store is miniscule compared to daily emissions from human activities.

Whales are worth protecting regardless of their ability to store carbon dioxide. Strictly as carbon sinks, however, the fact is, whales can’t serve that purpose if they are dying as a result of efforts to build and operate massive offshore wind projects.

As part of President Biden’s stated goal of reducing U.S. greenhouse gas emissions 50 percent below 2005 levels by 2030, the Biden administration has initiated efforts build 30,000 megawatts of traditional offshore wind facilities (with structures attached to the ocean floor) in federal waters by 2030, and an additional 15,000 megawatts of floating industrial offshore wind by 2035. To hit those targets, the Biden administration is soliciting leases in federal waters in the Gulf of Mexico and Gulf of Maine and off the coasts of New England, the Mid-Atlantic States, North Carolina, South Carolina, California, and Oregon.

These lease areas are in the middle of or at the edges of numerous protected whale species core habitat and migration routes.

Gongloff and the WP dismiss the threat offshore wind projects pose to whales with a single paragraph:

You might be thinking: So what? If we can dangle carbon offsets as a lure to companies to not only stop killing whales with their ships (likely the primary cause of a recent spate of whale fatalities; not wind farms, as you might have heard) but also pay money to protect them, then isn’t that a good thing?

Yet, whale deaths and strandings have spiked since 2016 as the Bureau of Ocean Energy Management first began and sanctioning the sound testing for and initial construction of large offshore wind farms (see the figure below).

Although the sonic pulses may not be directly causing whale deaths, each wind project is being issued level 2 harassment permits to “disturb a marine mammal or marine mammal stock in the wild by causing disruption of behavioral patterns, including, but not limited to, migration, breathing, nursing, breeding, feeding, or sheltering …,” from the National Marine Fisheries Service (NMFS). One would have to be willfully ignorant to believe sonar testing is not harming whales when the NMFS says it likely is or will.

In a letter sent to Department of Interior officials on May 13, 2022, Sean Hayes, chief of the protected species branch at NOAA’s National Northeast Fisheries Science Center wrote:

Additional noise, vessel traffic and habitat modifications due to offshore wind development will likely cause added stress that could result in additional population consequences to a species that is already experiencing rapid decline. Wind turbines may disrupt the dense concentration of zooplankton that the whales depend on for sustenance, potentially forcing them to spend more energy and take more risks searching elsewhere for food.

Adding weight to the concerns raised by Hayes is the fact that 10 whale and sea life conservation organizations sent an official letter to Bureau of Ocean Energy Management specifically objecting to the Biden administration moving forward with offshore wind plans and approvals without a comprehensive environmental impact statement demonstrating that such projects would have no deleterious impacts to whale populations.

Ship strikes are the single largest cause of excess whale deaths and shipping traffic has increased along the Atlantic coast. The ships associated with offshore wind sonar activities, cable laying and construction, have contributed a bit to this increase.

While undertaking acoustic surveys multiple ships traverse areas whales use as calving and feeding grounds, migration corridors, and where some whales reside year around. Even if the sound does not directly harm the whales, it is virtually guaranteed to force them out of their normal habitats into one of the busiest shipping corridors in the world. Indeed, since the pandemic, the Port of New York and New Jersey has become the busiest in the nation.

Patrick Moore, a co-founder of Greenpeace and its ex-president in Canada, told the New York Post (NYP) that offshore wind development is creating “death zones” for whales.

“The effect of the high-intensity acoustic pulses is unknown, and the excavations are muddying waters for what will be years on end,” Moore said. “It is not reasonable to say there is no possibility of a causal relationship.”

New Jersey state Sen. Anthony Bucco (R-Boonton) agrees with Moore’s assessment of the impact of offshore wind development on whale populations, telling the NYP:

There’s too much of a coincidence here to ignore, and we continue to rapidly push forward. This activity off our coast is only going to dramatically increase as they begin pile-driving and installing these wind turbines. So if this is having an effect on our marine mammals now, it could be catastrophic when that work begins.

Even if offsetting carbon dioxide emissions were a worthwhile goal, which Climate Realism disputes, the WP and Gongloff are right, using whales as carbon dioxide offsets won’t work, especially since offshore wind development to fight climate change is increasing whale deaths.

H. Sterling Burnett

H. Sterling Burnett, Ph.D., is the Director of the Arthur B. Robinson Center on Climate and Environmental Policy and the managing editor of Environment & Climate News. In addition to directing The Heartland Institute’s Arthur B. Robinson Center on Climate and Environmental Policy, Burett puts Environment & Climate News together, is the editor of Heartland’s Climate Change Weekly email, and the host of the Environment & Climate News Podcast.

RELEASE: Save the whales coalition warns NOAA — Don’t allow more harassment from wind power

From CFACT

By Craig Rucker

ARLINGTON HEIGHTS, IL (May 2, 2023) – The Save the Whale Coalition – consisting of The Heartland Institute, the Committee for a Constructive Tomorrow (CFACT), and the American Committee for Ocean Protection (ACOP) sent a letter today to the National Marine Fisheries Service, a division of the National Oceanic and Atmospheric Administration (NOAA), warning them not to authorize the harassment of whales requested by Dominion Energy of Virginia.

Dominion Energy recently submitted a “Request for Rulemaking and Letter of Authorization for Taking of Marine Mammals” as dead whales have been increasingly washing ashore along the Atlantic Coast. The Save the Whale Coalition says that NOAA granting Dominion’s request would prompt litigation to stop it.

Dominion’s request, issued in August, asks NOAA for permission to begin construction of “all offshore project components,” including turbines, monopiles, substations, and underwater cables “no later than March 4, 2024 and to extend for five years.” The company also requests the “unintentional (but not unexpected) taking of protected species,” including the critically endangered North Atlantic right whale, of which only around 300 remain.

The Coalition notes in its letter that the project will be subject to judicial review for a period of time substantially beyond the March 4, 2024 time frame, and that until that judicial review us finalized, there should be no offshore construction authorized to proceed.

The letter is signed by David Hubbard, partner in the firm of Gatzke, Dillon, and Ballance (GDB), which has been retained by the Coalition to provide advice and counsel with respect to Dominion’s offshore wind project and its compliance with federal statutes and regulations. GDB is also counsel for plaintiffs who have brought suit against the Bureau of Ocean Energy Management (BOEM), the Department of Interior, the National Marine Fisheries Service, and other federal agencies with respect to offshore wind development in Massachusetts, New York, and New Jersey.

The following statements from members of the Coalition may be used for attribution. For more comment or to schedule an interview, please contact Jim Lakely, vice president and director of communications at The Heartland Institute at jlakely@heartland.org or call/text his cell: 312-731-9364.

“The Draft Environmental Impact Statement issued by BOEM for the Virginia Wind project contains numerous procedural and substantive violations of the Marine Mammal Protection Act and other federal statutes and regulations. The Coalition is warning BOEM, NOAA, and other federal agencies not to approve Dominion Energy’s recent request – which would allow the harassment and injuring of whales and other marine mammals – until all of the federal statutory requirements and regulations have been complied with and approved by appropriate federal agencies, and that permission has been obtained from all courts that have been requested to review and approve the federal permits.

“With dozens of dead whales and dolphins washing up on the shores of New York, New Jersey, Maryland, and Virginia, now is a particularly unsuitable time for NOAA to authorize the harassment or injury of right whales and other endangered species. It is equally problematic for Dominion Energy to be seeking whale harassment permission at this time. Dominion Energy is attempting to put the cart before the horse. There should be no issuance of incidental harassment authority by federal agencies until the offshore construction activities to which it is ‘incidental’ have been finally approved by appropriate federal agencies and the courts.”

Craig Rucker

President, CFACT

crucker@cfact.org

“We have conferred with dozens of environmental and conservation groups from NY, MD, and NJ who are furious that all of these dead whales and dolphins should appear on their beaches immediately following the sonar blasting survey work undertaken by wind developers adjacent to these beaches. The excuse by the federal authorities that there is ‘no evidence’ connecting this sonar blasting with mammal deaths rings hollow as any federally approved harassment could send whales into major shipping channels that surround the lease areas.

“Possible death by vessel strikes of harassed whales supports our request, along with the congressional resolution sponsored by U.S. Reps. Jeff Van Drew (R-NJ), Chris Smith (R- NJ), Andy Harris (R-MD) and Scott Perry (R-PA), for an immediate moratorium on offshore wind development and a complete, independent investigation into the cause of all this marine mammal destruction.”

David Stevenson

President, ACOP

davidstevenson@caesarrodney.com

302-236-2050

“BOEM has already admitted that it is a ‘partner’ with offshore wind developers in implementing the Biden administration’s goal of industrializing the East Coast with thousands of wind turbines. It is not acting, as it should by law, like an independent body equally as concerned with environmental protection as with the construction of expensive, unreliable, industrial wind factories.

“This request by Dominion Energy for permission to harm, injure, and kill whales and other marine mammals even before the environmental impacts, construction and operations plan, and potential biological removal for Virginia Wind have been finally issued and approved raises suspicions that the Biden administration is prepared to green light offshore wind development regardless of clear legal requirements and the obvious danger it poses to the survival of the Right Whale and other endangered species.”

H. Sterling Burnett, Ph.D.
Director, Arthur B. Robinson Center on Climate & Environmental Policy
The Heartland Institute
Managing Editor, Environment & Climate News
hsburnett@heartland.org
214/909-2368

Author

  • Craig Rucker
  • Craig Rucker is a co-founder of CFACT and currently serves as its president.

The great renewables rip-off continues

From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

London, 6 April – Renewable energy operators have just been awarded huge prices rises, putting further pressure on hard-pressed consumers.


Generators in the Contracts for Difference subsidy scheme get an annual increase in the guaranteed ‘strike prices’ they receive for their output.


This year, many have received price rises of more than 10%. For example, the huge Hornsea 1 offshore windfarm saw an 11% price increase, which will boost its revenue by nearly £100 million per year.(1) Hornsea 2, due to come on stream in 2024, had a price rise of 14%.


With market prices for electricity now below £100 per megawatt hour, several windfarms have strike prices worth £209. There are several tidal power stations in planning which have been promised higher prices still. The Drax biomass power station has seen a 12% increase to £142.


Commenting on the news, Net Zero Watch’s deputy director Andrew Montford said:


“For years, ministers and civil servants have been telling the public that renewables are cheap. Make no mistake, they have been engaged in a cynical deception of the British public.”

Not the least of the clangers made when the CfD terms were drawn up in the first place by Ed Davey was the fact that the whole of the strike price was index linked.

This really was an utterly irresponsible use of energy bill payers’ money. Most of the cost of wind power is capital cost, which does not need to be index linked for inflation. Only the variable running costs,  such as maintenance, should be index linked. 

The fact that those terms offered by Ed Davey still apply to new contracts indicates that the government is happy to extort money from the public, and to hand it over to the renewable industry it appears to be in hock to.

Any pretence that they want to reduce energy prices for consumers is an outright lie.