The RoanokeSlant: Wheels Coming Off The ‘Renewable Energy’ Wagon

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Off-Shore Wind-Turbines Dying & Solar-Panels Dimming & EV’s Not selling & we dumped half of our Strategic Oil Reserve during a Mid-East War.
“Other than that Mrs Lincoln, how was the play?”
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The Biden Cabal’s Wind Rush for coastal wind leases reminiscent of the
Oklahoma Land Rush of 1889
Land Rush of 1889 - Wikipedia
But Reality has set-into the off-shore east-coast wind farming boom.
The massive costs, complexity, hurricane exposures and grid-integration have finally come home to roost.
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Energy Company ‘Orsted’ pulls the plug on two major offshore wind projects on East Coast
Energy company pulls the plug on two major offshore wind projects on East Coast | CNN
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Shell exits US SouthCoast wind farm contract,
Shell exits US SouthCoast wind farm contract, agrees to pay penalty | Reuters
Shell's finance chief said on Thursday the firm had exited a power purchase agreement (PPA) for the planned SouthCoast windfarm off the coast of Massachusetts, agreeing to pay a penalty rather than face rising costs for building the project.
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Solar Power failure: Why did SolarEdge’s value plummet by $11 billion in a year?
Power failure: Why did SolarEdge’s value plummet by $11 billion in a year? | Ctech (calcalistech.com)
SolarEdge is not alone. Its major competitor, the American company Enphase is doing even worse. Enphase has fallen by 52% since the beginning of the year and is the company showing the second highest decline in the index. However, Enphase's market value is higher at $17 billion.
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Economic blows batter Biden’s clean energy goals
Economic blows batter Biden’s clean energy goals - POLITICO
unexpected obstacle to the clean-energy projects that hold the key to Biden’s legacy — despite $369 billion in promised federal aid from his signature climate law.
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Days earlier, Ford postponed production plans for a massive electric vehicle battery plant in Kentucky while General Motors reduced the number of EVs it plans to build in the coming year, as both companies reported financial losses amid slumping demand from consumers.
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And in Puerto Rico, the government-owned utility had to pony up an additional $700 million, on top of an initial $4.6 billion, to ensure 11 solar projects could move forward.
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Wind companies losing billions, prompting fears a federal bailout could be coming
Wind companies losing billions, prompting fears a federal bailout could be coming | Just The News
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.
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In the midst of war in the MidEast, Biden sold-off and has Not replaced half of our Strategic Oil Reserve placing the US and our alies in harms-way if major hostilities impact world oil supply through the war-zone.
Biden sold off nearly half the U.S. oil reserve. Is it ready for a crisis?
Biden tapped the SPR last year when Russia’s invasion of Ukraine sent oil prices soaring. Now Republicans blame him for putting the nation’s energy security at risk.
Biden sold off nearly half the U.S. oil reserve. Is it ready for a crisis? - POLITICO
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The EV CATCH-22
http://roanokeslant.blogspot.com/2023/10/the-ev-catch-22.html
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Good News: Climate Not A Crisis
http://roanokeslant.blogspot.com/2023/09/hot-news-climate-not-crisis.html
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Biden Gleeful Oil At $90/Barrel
http://roanokeslant.blogspot.com/2023/09/biden-gleeful-oil-at-90barrel.html
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posted by Lars Hagen # 10:23 AM

The RoanokeSlant

Friday, November 03, 2023

Wheels Coming Off The ‘Renewable Energy’ Wagon

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