Offshore wind: two major US projects scrapped - Reuters

[TexasTowelie]

Renewable energy firm Orsted halted the development of two US offshore wind projects and said related impairments had surged above $5 billion, as the industry grapples with supply chain delays and higher costs.

[Think. Again.]

1. Trying to do...

...all that we will have to do in the coming years will be a major challenge on multiple levels.

Of course we should have started decades ago, but the reality now is that we will have to push through as much as we can get done, as quickly as possible, regardless of the start-up delays we've been dealing with.

[progree]

2. The video's audio was kind of muffled. But I clicked on Watch On YouTube and got a lengthier

version that was well worth the 4:41 min:sec to watch, and the audio was clear. (Later: I repeated the Watch On YouTube click and got the same 1:41 video I'm complaining about, sigh). Anyway, its the offshore windfarm development off the New Jersey coast. It's a big deal. Though the 4:41 video ended with positive notes like there are other developers interested in it (uh huh).

Here's the 4:41 video:

[FBaggins]

3. Not that hard to believe that others might be interested

It isn’t an uncommon story for failing large capital investments to still look appealing to another company that can pick up assets for pennies on the dollar.

But what this story makes clear is that the gang that was promising us that wind and solar would continue to get cheaper and cheaper until they paid for themselves… were largely full of hot air.

[WalkerinSC]

4. Very true

Check out the story of the Panama Canal. It failed a couple of times before it finally got done. The engineering challenge was the greatest of it's time.

[hunter]

5. Maybe people are starting to do the math.

These massive offshore wind power plants will only prolong our dependence on fossil fuels, especially natural gas, and do nothing in the long run to reduce the amount of greenhouse gasses humans eventually dump into the atmosphere.

It's increasingly obvious to me that these large scale wind developments are little more than greenwash for the natural gas industry. Often it's the same people investing in both -- they see hybrid natural gas / wind power systems as a "winning combination."

They're not. It's just another flavor of global warming denial.

I hope this is the beginning of the end for these offshore wind follies and I'm optimistic that similar projects off the coast of California will be abandoned.