Remember that Cape Cod Wind farm?

Good day all. I’ve finished clearing away almost 3 feet of global warming, (Algore Akbar!) and thought I would take a look at the Cape Wind project. For those of you who might not remember, (Or know of it), this was a project to build windmills off shore in Massachusetts.

The project has been under development for over 10 years now and they still haven’t generated one single watt of power. They have been getting hundreds of millions in taxpayer subsidies of course. The main reason for all the delays has been a number of lawsuits by residents who would be able to see the windmills. In fact, one of the biggest complainers was Senator Edward Moore Kennedy, (AKA Dead Ted, Ted the Swimmer), who both pushed these wind farms and other green energy debacles on the rest of the country, but then moved to crush the Cape Wind project. (Fatboy never did see the hypocrisy of this, but then all he ever saw were blondes and Chivas Regal)

Those suits have all been lost by the plaintiffs, and the project is finally entering the construction phase. However, there has been a development that could finally kill this disaster in the making. They’ve lost two major utility companies that had agreed to buy the overpriced power these things would have generated. Here are the details 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.

And what was this fatal blow? A hurricane perhaps? Not exactly.

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.

Oops!

The wind farm was relying on NSTAR and National Grid to purchase a combined 77.5 percent of its offshore wind power. But Greg Sullivan, a former inspector general of Massachusetts who now works at the Pioneer Institute in Boston, said Cape Wind was struggling to find a buyer for the rest of the energy.

Yeah, not having any customers willing to pay for the overpriced energy you’re generating can be a serious problem. The two utilities that had agreed to buy the energy began to realize that it wasn’t going to be a very good deal for their own customers.

NSTAR, in a statement, said strict deadlines are in place to protect the consumer from high-priced energy due to lack of supply. Sullivan added that with falling gas prices, “the contract began to look worse day by day” for the utility companies.

I think the “Green Energy” debacle boom is stating to go bust. With energy prices coming down, thanks to massive new finds of natural gas and oil in the United States and North America, the only way any of these projects could be made to work was massive government subsidies and the regulatory agencies, like the EPA, abusing their authority to shut down competing energy generations systems. Cape Wind is still moving along, much like a zombie moves along. Soon enough, some bankruptcy judge will put the proverbial bullet through it’s brain and kill this waste of money once and for all.

Thatisall

~The Angry Webmaster~

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