Wind Farms Fail New Jersey Projections : No Matter, Spend More On Less!

Here is an article that attacks the insanity of wind deployment in New Jersey that defies logic and commons sense. This not new - this was visited in the past but it so beyond the pale that it needs to revisited.

This so appalling and so out of any realm of common sense, I just find it beyond comprehension that so many people can be so easily duped in the face of historical fact. This is insanity.

Who are these people?

New Jersey's Offshore Wind Project Would Cost Taxpayers
Source: "N.J. Offshore Wind Project Reveals True Cost to Taxpayer," Institute for Energy Research
December 3, 2013

A look at the proposal for the Fishermen's Atlantic City Windfarm (FACW) project in New Jersey shows how unsustainable wind projects are without government subsidies, according to a new report from the Institute for Energy Research.

New Jersey Governor Chris Christie signed the Offshore Wind Economic Development Act (OWEDA) in 2010 to develop offshore wind energy. The law authorized the state to give up to $100 million in tax credits for wind projects (on top of existing federal and state subsidies). Moreover, the state will require energy providers to certify that a specified percentage of their power comes from these offshore sources, once the projects are up and running.
But like many green energy projects, offshore wind does not make financial sense:

• According to the Energy Information Administration (EIA), offshore wind is 2.6 times more expensive than onshore wind power and is 3.4 times more expensive than power produced by a combined cycle natural gas plant.
• On a kilowatt hour basis, offshore wind power is estimated to cost 22.15 cents per kilowatt hour, while onshore wind is 8.66 cents per kilowatt hour, and natural gas combined cycle is only 6.56 per kilowatt hour.

So when the FACW project -- intended to test the viability of a large-scale offshore wind development -- came in front of the New Jersey Board of Public Utilities earlier this year, they denied approval for the project because of the cost to taxpayers (the project was originally estimated to cost state taxpayers $200 million). But the FACW has continued to press for subsidies from the state, as the project is not viable without them.

And the controversy does not stop there, as the FACW is being financed by a Chinese government-owned wind turbine manufacturer by the name of XEMC.
Taxpayer-funded offshore wind projects will do nothing but raise the cost of energy in the state, which will inevitably be passed on to New Jersey consumers. If the FACW project is approved, New Jersey citizens can expect to be on the hook for hundreds of millions of dollars.
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