GE Guts Offshore Wind-Power Plans

Forbes ^ | 9/10/2011 @ 2:44AM | William Pentland

[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.

[dila813]

Green Jobs, Looks like it was just a fantasy

[Pearls Before Swine]

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.

[chuckee]

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.

[Da Coyote]

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.

[bigbob]

Perhaps the Kennedys weighed in?

[faucetman]

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.

[dila813]

BINGO, it’s both!

[Dudoight]

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.

[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.

This will prove "Green ist gut" or something.

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

[muawiyah]

Wonder if Immelt is heavily invested in E-cat?

Anyone have an idea?

[EQAndyBuzz]

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.

[EQAndyBuzz]

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.

[The Antiyuppie]

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.

[sappy]

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

[SierraWasp]

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

[Red6]

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.

[NormsRevenge]

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

[hinckley buzzard]

Hmm. GE CEO Jeff Immelt is Obama's butt-boy. Looks like he knows something the rest of the green weenies don't.

[stboz]

....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.

[hinckley buzzard]

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.