Maine Offshore Wind Project Abandoned After Norwegian Energy Company Scraps $120 Million Plans

[Tx4obama]

Maine Offshore Wind Project Abandoned After Norwegian Energy Company Scraps $120 Million Plans

AUGUSTA, Maine (AP) — Norwegian company Statoil announced on Tuesday that it was abandoning a proposed $120 million wind project off the coast of Maine, which industry officials once said could make Maine a leader in offshore wind power, after Republican Gov. Paul LePage's administration maneuvered to reopen the competitive bidding process.

The company said in a statement that changes in terms with the state and scheduling delays "made the project outlook too uncertain to proceed." Statoil said it was focusing on a project in Scotland while continuing to explore the United States' offshore wind market.

Renewable energy industry officials, environmental groups and lawmakers said Tuesday that losing Statoil's project is a significant blow to the state's ability to cultivate an offshore wind industry and doesn't bode well for future investment in the state.

"As a state economy looking to attract investment, this is a sad day for Maine," said Jeremy Payne, executive director of the Maine Renewable Energy Association. "Anytime you have a huge international player that was looking to Maine as a potential host for its investment and it shifts course, that calls into question whether this is a hospitable place for any type of investment."

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Full article here: http://www.huffingtonpost.com/2013/10/15/maine-offshore-wind-project_n_4101271.html

Why the hell isn't OUR federal and state government setting up our own wind farms?
Should be done with taxpayer money and then give Americans cheap electricity!

[freshwest]

1. But, but, socialism!!!

Everything like this should be under control of government as a necessity and not a profit making business. Just the way that Norway does it.

Unfortunately, the super greedy business model the GOP and LePage push will lose the nation a lot of investment. This is just the beginning of countries who are going to refuse to invest in the deadbeat, won't keep its word, Teabag Nation.

[Union Scribe]

2. The DOE is investing $200 million in offshore wind

in a six year project that began in 2011 and accelerated last year.