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GE Guts Offshore Wind-Power Plans
Forbes ^ | 9/10/2011 @ 2:44AM | William Pentland

Posted on 09/10/2011 12:49:07 PM PDT by dila813

General Electric, the U.S.-based industrial giant and leading manufacturer of wind-power turbines, is scaling back efforts to expand its presence in the offshore wind power market.

The rationale: there is no meaningful offshore wind market to speak of – at least not yet.

Given slower-than-expected industry growth, the offshore market may not mature as rapidly as many wind boosters once believed.

(Excerpt) Read more at forbes.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: capewind; ge; gewindpower; greenenergyhoax; greenjobs; windpower
Green Jobs, Looks like it was just a fantasy
1 posted on 09/10/2011 12:49:08 PM PDT by dila813
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To: dila813
The rationale: there is no meaningful offshore wind market to speak of – at least not yet.

Translation: There aren't enough subsidies to support it. Or, our misguided policies haven't made conventionally generated electricity expensive enough yet. Take your pick.

2 posted on 09/10/2011 12:53:46 PM PDT by Pearls Before Swine
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To: dila813

I guess GE is learning that their biggest boosters of wind energy like the late Walter Cronkite and Ted Kennedy went NIMBY and did not want it obstructing their pristine view of the of the bay from their homes in Cape Cod.Surely, they could find some ghetto to put those things.


3 posted on 09/10/2011 12:56:17 PM PDT by chuckee (To be sure of hitting the target, shoot first and call whatever you hit the target.)
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To: dila813

Industry - given it’s own drives, designs IPADs and IPODs.

Government - given it’s own incompetence, designs CFLs.

And any (that’s as in ANY) science type worthy of the degree would have told government toads that wind and solar aren’t viable yet.

Perhaps later on when we get the government t*rds off our backs and we tech types can do some research and design...but not until.


4 posted on 09/10/2011 12:57:42 PM PDT by Da Coyote
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To: dila813

Perhaps the Kennedys weighed in?


5 posted on 09/10/2011 12:57:58 PM PDT by bigbob
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To: dila813
They are all thought up by liberals, what did you expect?
(rhetorical question, no response required)

Making oil from algae seems like it might be promising.

BUT, if E-Cat works out, we'll know next month, all other forms of energy will soon become obsolete.

Energy from nothin, heat & electricity for free.

6 posted on 09/10/2011 1:02:36 PM PDT by faucetman (Just the facts ma'am, just the facts)
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To: Pearls Before Swine

BINGO, it’s both!


7 posted on 09/10/2011 1:03:34 PM PDT by dila813
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To: dila813

GE, Al Gore, investing in Green ‘technology’ and no doubt others were planning on big rewards financially from EPA’s forced policing resulting in this ‘new’ big move to green manufacturing.

That is why Gore cannot give up the ghost. At least Immelt is beginning to see this crap is gonna be a loser for some years to come, and is starting to pull out, business wise.

Poor whiney Gore. Maybe he will have to sell his new California mansion.


8 posted on 09/10/2011 1:10:11 PM PDT by Dudoight
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To: faucetman
Just realized ~ we can take one of those e-cat devices and double-mount it with the windmills and use a fan belt to keep the blades turning even when the air is still.

This will prove "Green ist gut" or something.

You watch, the Environazis will jump on that like a tick on a dog.

9 posted on 09/10/2011 1:11:52 PM PDT by muawiyah
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To: Dudoight
Wonder if Immelt is heavily invested in E-cat?

Anyone have an idea?

10 posted on 09/10/2011 1:13:16 PM PDT by muawiyah
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To: muawiyah

GE took their green money from the government, gave it back in campaign donations and in exchange for washing a few hundred million got an exemption from Obamacare.


11 posted on 09/10/2011 1:14:09 PM PDT by EQAndyBuzz (Sarahcuda in 2012. Nothing but Net!!!)
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To: muawiyah

GE took their green money from the government, gave it back in campaign donations and in exchange for washing a few hundred million got an exemption from Obamacare.


12 posted on 09/10/2011 1:14:22 PM PDT by EQAndyBuzz (Sarahcuda in 2012. Nothing but Net!!!)
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To: Dudoight

I guess GE is starting to feel the REAL winds of change...and I suspect that they will be blowing pretty cold starting in 2013.

This is the price a company pays for cozying up to one side in politics. Eventually, that side loses. Not coincidentally, I suspect that Immelt will be “retiring” in in a few years...because the BOD will dump him like yesterday’s dog poop.


13 posted on 09/10/2011 1:14:56 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: dila813

So evil ge headed by Obama jobs czar seeks profit over green jobs?


14 posted on 09/10/2011 1:14:56 PM PDT by sappy
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To: dila813

Wow! You’re finding all kinds of good stuff today!!!


15 posted on 09/10/2011 1:40:44 PM PDT by SierraWasp (I'm done being disappointed by "He/She is the only one who can win" and being embarrassed later!!!)
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To: dila813
If the government mandates that 20% of all power come from regenerative sources by XYZ date, if they tax the crap out of coal by taxing CO2 but give tax incentives to GE so large they pay zero corporate taxes in 2010, you can build a lot of wind turbines, solar farms... whatever. But it's all a lie where someone else is paying for it. That's the problem and that's even why some of these geeen firms are going broke that essentially bet on Cap and Trade going through. they were betting on the consumer and power companies being forced by a government hand to essentially purchase their over priced junk.

Green energy is a leach. It exists at the expense to the citizen and the economy.

16 posted on 09/10/2011 1:47:24 PM PDT by Red6
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To: dila813

tell that to the already dead endangered species that know wind-power first hand.. I’m sure they’ll be relieved to hear it.


17 posted on 09/10/2011 1:48:38 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: dila813
Hmm. GE CEO Jeff Immelt is Obama's butt-boy. Looks like he knows something the rest of the green weenies don't.
18 posted on 09/10/2011 1:53:32 PM PDT by hinckley buzzard
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To: Da Coyote
....science type(s) worthy of the degree would have told government toads that wind and solar aren’t viable yet.

One problem is efficient storage and release of energy from wind and solar. Until that's made economical, Greenies are just barking at the moon.

19 posted on 09/10/2011 1:59:11 PM PDT by stboz
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To: faucetman
That's what the electric companies promised us back around 1959: Nuclear plants would provide energy "too cheap to meter."

Still waiting to get rid of that old meter by the door.

20 posted on 09/10/2011 2:01:37 PM PDT by hinckley buzzard
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To: muawiyah
Just realized ~ we can take one of those e-cat devices and double-mount it with the windmills and use a fan belt to keep the blades turning even when the air is still.

Or a wind-powered car!


21 posted on 09/10/2011 2:14:45 PM PDT by COBOL2Java (Obama is the least qualified guy in whatever room he walks into.)
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To: dila813

FILE THIS UNDER:
News You Won’t Be Seeing On NBC/MSNBC


22 posted on 09/10/2011 2:15:47 PM PDT by tcrlaf (Democrats have been OUTFORCING America's jobs for 40 years)
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To: faucetman
BUT, if E-Cat works out, we'll know next month,

If E-Cat works out, they'll need the energy to melt the ice in hell.

23 posted on 09/10/2011 2:27:16 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Pearls Before Swine

Wasn’t it a couple of years ago that T. Boone Pickens dropped his interest in wind generated power because he discovered it was a money losing operation?


24 posted on 09/10/2011 2:27:35 PM PDT by bushbuddy
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To: bushbuddy
Wasn’t it a couple of years ago that T. Boone Pickens dropped his interest in wind generated power because he discovered it was a money losing operation?

The people working for T. Boone Pickens forgot that wind farms require a transmission line and associated infrastructure necesary to carry the wind power to market. He committed to buying close to $1Bn worth of GE wind turbines, then discovered he had no transmission where he wanted to put them: FAIL.

He and GE quietly went to work selling these turbines to other people so as to avoid an even bigger publicity fiasco.

25 posted on 09/10/2011 2:45:44 PM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: dila813

aaaaah gee whizz another green job fizzled out. Batting zero hey Obama.


26 posted on 09/10/2011 2:50:09 PM PDT by bikerman
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To: dila813

Maybe liberals could sacrifice themselves instead?

Pray for America


27 posted on 09/10/2011 2:50:09 PM PDT by bray (Palin is hated by the establishment of both Parties. Winner!)
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To: dila813

Thanks DUmocrats, your greatest benefactor of stolen tax dollars just admitted you are a FAILURE.

28 posted on 09/10/2011 3:06:42 PM PDT by RasterMaster ("To sin by silence when they should protest makes cowards of men." - Abraham Lincoln)
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To: Da Coyote
The problem with wind is a problem that is not amenable to tech type efforts.

Sometimes the wind doesn't blow. Unfortunately, this often happens on those hot hazy sweltering days when the demand for electricity is at its highest. So, you have to have enough supply without wind-energy to cover those times, so what good does wind do?

Maybe the tech types can come up with cheap Terawatt-hour energy storage, so power generated on windy days could be saved for a sweltering day. Pumping water uphill into a reservoir for hydro power later might do it, but the economics....

29 posted on 09/10/2011 3:52:41 PM PDT by expatpat
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To: Red6

And install one windmill for every square mile of the United States

And we figure out a way to make the wind blow consistently

.....

Liberal thought processes are scary.....maybe we should start calling Democrats the Anti-Engineering/Business Party

If they want to call us Anti-Science pfff


30 posted on 09/10/2011 4:32:04 PM PDT by dila813
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To: expatpat

31 posted on 09/10/2011 4:36:54 PM PDT by Dr. Scarpetta
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To: Pearls Before Swine
Another possible translation; We now have enough of our corporation moved out of the US that Congress can no longer cut our throat and the enviroweenies can take a flying leap.
32 posted on 09/10/2011 6:25:15 PM PDT by W. W. SMITH (Islam is an instrument of enslavement)
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