Aaron Nathans reported that the flack from Bluewater was still holding out some faint hope in the NJ that a buyer might surface at the last moment today:
“NRG continues its discussions with potential buyers and investors,” Gaier said Wednesday, the last update the company provided.
Aaron also wrote that:
Alan Levin, economic development director for Delaware, said a lot of people worked hard to create the wind farm, which he called a “proven technology.”
I will give Alan the benefit of the doubt (his being a fellow R and all) and say that he meant on-shore wind power since there is no offshore windpower in the USA! The few that have been built elsewhere must be heavily subsidized by taxpayers (this means they are an ECONOMIC FAILURE!) to continue to exist; just as Bluewater was to be subsidized by Delmarva customers.
As I understand the current contract, for this fraud to rise from the ashes, a buyer would have to:
- Post a $4 Million bond in case they don’t deliver the contracted electricity on time.
- Spend a couple $ Million or so on a test tower to finally determine if the site is suitable which Bluewater chose never to do. The only testing that I recall resulted in the tragic death of the Captain of the Russel Peterson while he was on a mission to test for how many birds would get minced up from this project.
- Find financing for a project that is a financial disaster at the price that was negotiated with Delmarva; financing that NRG (a real company with assets and money) could not obtain.
- And finally find someone with the experience of building an off-shore wind farm, probably from Europe. You might expect that to be someone currently or formerly working at Bluewater but you would be wrong. No one there has ever built one!
If by some horror a buyer steps forward to buy this fraud thus making this festering boil into a chronic condition, be prepared. To induce any sane person to even take this on for free, expect that the scampering leprechauns of green-ness in Dover and DC must have offered them a pile of your hard earned tax money to:
- Indemnify them against the $4 Million
- Forced Delmarva to pay double the negotiated price so that the project could begin to pass the smell test. Translated that means our electric bills would go up even more than they had threatened!
- Give them a grant for the cost of the test tower.
I certainly hope this does not happen, but if you hear a buyer has been found… You heard it here first.