Here is more on the reasons for the Bluewater Wind pull out from their Delaware offshore wind project. Frank Brill, of the EnviroPolitics blog is based in the Philadelphia area, and knows the NJ situation well. Here is his take on the reasons behind the Bluewater pull out:
Federal purse strings, yanked by a Republican-controlled Congress with a contemptuous view of “green” projects played a significant role. But, so too, did an unforeseen economic reversal that slowed the nation’s insatiable appetite for electric power and forced private investors to reexamine the potential payback from costly alternative energy projects.
So Brill points to demand reduction as the main reason that these new generation projects, whether wind or otherwise, are increasingly in trouble.
This gets us back to the “incumbent generators” problem. As long as new renewable generation capacity must compete with the dirtiest coal-fired plants for investment in an era with declining demand for power, the new projects will not get built. As long as new renewable capacity is seen as an add-on instead of a replacement for dangerous existing coal fired plants, renewable power sources will be choked in the cradle, before they can ever be built.
Electricity consumers are now forced onto their own resources to lead the way to new technologies. Rooftop and business based solar generation provides a way for consumers to make their own decisions about the US’s energy future. We can set the agenda from the bottom up while the corporate-controlled political process and “incumbent generators” remain mired in the past.