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Couple of Big Wind Developers Are Running Out of Gas

  For all the money the Biden administration has been frantically shoveling into the wind sector - I'm praying this is a last-minute, panicked gambit on their part because November looks dicey - it's all coming to late to help out some of the biggest names in wind turbine development.

Speaking of shells - Shell Oil, which had been investing heavily in offshore wind to salve and stifle the ESG itches of activist investors announced yesterday it was going to have major cutbacks in their offshore wind projects and staff.

British energy giant Shell is poised to reduce its workforce in its offshore wind division as CEO Wael Sawan shifts the company's focus towards oil and gas, Bloomberg has reported.

Every little pig to the trough! The Biden administration on Wednesday proposed expanding tax credits that have for years boosted U.S. solar and wind energy projects to cover a wider range of clean energy technologies including nuclear fission and fusion.

Global offshore wind developer Orsted said Tuesday night that it is pulling out of both of its projects scheduled to be built off the coast of New Jersey, a move that enraged Gov. Phil Murphy and could be a big blow to the state's renewable energy ambitions.

US Offshore Wind Port Developer Lands USD 50 Million Investment Homecoming Capital, an investor in zero-emission infrastructure, has made an initial USD 50 million commitment to Clean Energy Terminals, a developer of US offshore wind port infrastructure.

If you read the article, you'll see the folks knee-deep in this deal were all senior executives at Murphy's New Jersey Economic Development Authority, which handled: ...the development and construction of the USD 1B New Jersey Wind Port, the country's first purpose-built offshore wind marshalling and manufacturing port facility.

https://hotair.com/tree-hugging-sister/2024/05/30/couple-of-big-wind-developers-are-running-out-of-gas-n3789346

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