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    Offshore Wind: The New Math

    The Bureau of Ocean Energy and Management (BOEM) recently provided some statistics on NRG’s Bluewater Wind project off the coast of New Jersey that show what a bad deal this project will be for taxpayers and consumers. NRG paid about $24,000 to lease 96,000 acres, which works out to about … More

    The High Cost of Offshore Wind: Is Cape Wind the Next Solyndra?

    Opponents have called it “another Solyndra waiting to happen.” An estimated $2.6 billion offshore wind project near Massachusetts could be awarded a $350 million Department of Energy (DOE) loan guarantee and a 30 percent federal tax credit, according to recent reports. The much beleaguered 468 megawatt, 130 turbine Cape Wind … More

    Offshore Drilling Realities...And What About Offshore Wind?

    The drill, baby, drill crowd was quick to discover that the President’s offshore drilling announcement does very little to increase access to domestic supplies and in fact puts 13 billion barrels of oil and 49 trillion cubic feet of natural gas off limits, respectively. Department of Interior Secretary Ken Salazar … More