BP finds no buyers for wind energy business
The sale was seen as a continuation of the retreat of big oil companies from renewable energy investments while oil and gas projects offer them better returns.
The retreat from wind continues
Spain is cutting spending on wind energy, Germany is doing the same, Nordex is closing its US manufacturing plant due to slowing business in the wind energy sector, GE is shipping fewer turbines and says the business is experiencing headwinds, a Wisconsin supplier of wind turbine parts is closing its doors and now BP can’t find a buyer for it’s wind energy division which it is trying to unload.
Are township supervisors aware of what’s happening?
So, what are the North East Township supervisors trying to accommodate here? A big wind energy project, of course. While the rest of the world is trying to distance itself from wind energy as quickly as possible and even the companies in the wind business are either closing their doors or trying to sell off their wind energy assets, local officials here are moving forward, helping the developers in their last gasp effort, rushing to build some turbines before the taxpayer money runs out.
Who benefits and how do they benefit?
It makes you wonder why they would do that. What could it possibly be? How does it benefit the taxpayers and residents of North East? Who exactly DOES it benefit? Have supervisors considered the long term effects and potential harm to North East of such a large project when the sector is retreating worldwide? Simple questions we can’t seem to find the answers to. Perhaps we’ll just have to keep asking.