Is the scam unwinding?-----Wind Farm Projects are Beginning to Topple Due to Strong Economic Headwinds

Wind Farm Projects are Beginning to Topple Due to Strong Economic Headwinds - Posted by Leslie Eastman 

• A couple of weeks ago, Sweden’s government ditched plans to go all-in on “green energy,” green-lighting the construction of new nuclear power plants. 

Shortly afterward, fossil fuel giant Shell announced it was scaling back its energy transition plans to focus on . . . gas and oil!
Now it looks like specific wind farm projects are beginning to topple due to strong economic headwinds. 

• Recent, Rhode Island’s leading utility decided to nix a project called Revolution Wind 2 because the cost of the electricity was deemed too high.

“Higher interest rates, increased costs of capital and supply chain expenses, as well as the uncertainty of federal tax credits, all likely contributed to higher proposed contract costs,” said the utility, Rhode Island Energy, in a press release. 

“Those costs were ultimately deemed too expensive for customers to bear and did not align with existing offshore wind power purchase agreements.”...