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US strikes $1.2B deal to pay German firm to halt offshore wind projects

bbc.com

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Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#91
I fully understand why power generation is subsidised - however honesty I feel if the govt is subsidising it, they should get a cut of the profits too.

I also believe in a free market, and power should be subsidised equally per MW (MWh maybe?) this takes the politics out of a structural necessity. If you want to push a political agenda - great - but do it on political topics.

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#92
post #51

> Interior Secretary Doug Burgum said in a statement posted on X that Americans deserve an energy system built on common sense and not one dependent on "costly subsidies". I agree. This is why we are building offshore wind and not subsidizing fossil fuels, right?

All kinds of power generation are typically heavily subdized in some way. I do not think this "common sense" strategy exists.

Indeed. Energy is at the core of everything we do. Make it more expensive, you immediately make some people go hungry, and then you also make everything else in the economy a tad more expensive, slowing things down, and as market readjusts and contracts, this makes even more people go hungry.

There's a really strong incentive to keep energy generation cheap, because pretty much every social and political issue is downstream of it.

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#93
post #46

Parts of the world are literally on fire but the US is redirecting money to halt renewables and towards gas. The demand for energy is higher than ever due to AI data centers, but I guess the next model is more important than a habitable environment.

[flagged]

Crazy the sorts of lies people make up here.

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#94
post #8

Can I also threaten to build an offshore wind project if they don't pay me $1.2 billion?

These guys had already signed a deal to build - giving them permission and probably an agreed price - the money was to persuade them to give that up.

Trump literally just paid money (taxpayer money) for nothing

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#95

Hopefully they take the money and use to to build more wind turbines in Europe I guess. Absolutely shameful what the USA has become.

>RWE said that it will now reinvest the sum into conventional gas projects, including $900m (£669m) in a liquefied natural gas (LNG) export terminal project in Louisiana.

That kinda stinks, I wonder if getting the settlement was contingent on the re-investment.

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#96
post #22

Insane. Over the last year, wind - mostly offshore - has generated more than 35% of electricity here. Gas is down to 27%. It's really, really good. And it looks cool.

Not great for the wildlife during drilling but it's better than the carbon rich alternatives.

It is really great for the wildlife after the drilling is done though, as the windmills tend to make the area safer against fishermen.

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#97

Parts of the world are literally on fire but the US is redirecting money to halt renewables and towards gas. The demand for energy is higher than ever due to AI data centers, but I guess the next model is more important than a habitable environment.

It is important to keep the main issue clear. Failing to invest in renewables is an existential risk to humanity's future. Permanently shutting all Datacenters (not just AI) saves us about 1 year.

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#99
post #24

Insane. Over the last year, wind - mostly offshore - has generated more than 35% of electricity here. Gas is down to 27%. It's really, really good. And it looks cool.

The LNG plant is being built in Texas which are covered with turbines, and they absolutely do not look cool.

> Texas which are covered with turbines, and they absolutely do not look cool.

Compared to coal plants, which are _extremely_ cool-looking. /s

Re: US strikes $1.2B deal to pay German firm to halt offshore wind projects

#100

Why are they scared shitless of wind power? What's the deal? I don't get it. Like, they seem to be more determined to stop wind power than solar power. Why?

See this comment

https://news.ycombinator.com/item?id=49208635

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