Ill Wind

Biden's desire for more wind farms may be blowing in the wind:

The Biden administration has unleashed billions of taxpayer dollars to subsidize the industry in pursuit of its 2030 goal for offshore wind, which envisions offshore wind providing enough electricity to power 10 million American homes at the turn of the decade. However, more offshore wind capacity has been cancelled or postponed as is online or pending, according to data analysis conducted by Ed O’Donnell, a former nuclear engineer who is now a principal at a New Jersey consultancy called Whitestrand Consulting. “There’s no economic rationale for offshore wind as a market-based supplier of power, there are a lot of issues with it, but it won’t survive,” O’Donnell told the Daily Caller News Foundation. “It’s only surviving through subsidies in the form of massive federal tax credits and offshore rate subsidies from the different states and their ratepayers. So, this is why they’re struggling, because those things have economic consequences, and there’s a limit to how much of this can be passed on to taxpayers and ratepayers.”

Nobody wants to pay for something that isn't practical...