• Privacy Policy
  • About Us
  • Contact Us
Climate Change Dispatch
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
Climate Change Dispatch
No Result
View All Result

Green Energy Companies Want Rate Increases For Their Heavily Subsidized Projects

by WSJ Editorial Board
September 05, 2023, 10:38 AM
in News and Opinion
A A
3
Share on FacebookShare on Twitter

solar panels installThe Inflation Reduction Act (IRA) includes hundreds of billions of dollars in subsidies for green energy, yet now renewable developers want utility rate-payers in New York and other states to bail them out.

According to a report late last month by the New York State Energy Research and Development Authority (Nyserda), large offshore wind developers are asking for an average 48% price adjustment in their contracts to cover rising costs.

The Alliance for Clean Energy NY is also requesting an average 64% price increase on 86 solar and wind projects.

The IRA includes federal tax credits that can offset 50% of a project’s costs.

But renewable developers say their costs are increasing faster than inflation and that the projects will “not be economically viable and would be unable to proceed to construction and operation under their existing pricing,” says Nyserda.

Irony alert: One reason is that the government-forced green energy transition is driving up demand for equipment, materials, and labor.

“Growing demand for renewable energy projects nationwide ‘has exacerbated inflation for renewable project cost components relative to broader inflation levels,’” Nyserda says, citing the Alliance for Clean Energy NY.

Green energy developers are blaming Russia’s invasion of Ukraine for increasing demand for renewable energy and its components.

But the real culprits are government mandates and subsidies, which they lobbied for. Developers also blame rising interest rates for increasing project costs.

But as Nyserda notes, “it does not appear reasonable for developers to have assumed that a low-interest rate environment would persist throughout the period in which their projects were to be financed, given that the levels of interest rates witnessed today are indeed precedented.”

The climate lobby says power from wind and solar is cheaper than from fossil fuels, but that’s true only with generous subsidies and near-zero interest rates.

Price adjustments that renewable developers want in New York would make solar and wind two to five times more expensive than natural gas power.

Another irony: The IRA’s prevailing wage and domestic content conditions for bonus tax credits, which are necessary to make projects viable, inflate costs.

That means U.S. taxpayers will pay more for green corporate welfare, and utility ratepayers will pay more for renewable power. The climate lobby hits you coming and going.

Nyserda adds that “requests for inflationary relief on clean energy projects” have also been submitted in California, Connecticut, Hawaii, Indiana, Maine, Maryland, Massachusetts, Michigan, New Jersey, New Mexico, and Rhode Island, among other states.

Electric customers will get no such relief when their bills increase.

Meantime, the computer chip maker Micron Technology recently disclosed that its planned factories in upstate New York, which are set to receive up to $5.5 billion in state subsidies, will consume as much power as New Hampshire and Vermont combined.

Where will all the power come from?

Don’t be surprised if the state eventually asks New Yorkers to turn down their thermostats or turn off the lights at some hours of the day. The green energy crunch and bailout are coming.

h/t Steve B.

Read more at WSJ

  • Truth
  • Twitter
  • Facebook
  • LinkedIn
  • Gettr
  • Threads
  • gab-logo Gab
  • Mastodon
  • Buffer
  • Telegram
  • Email
  • Copy Link
  • Share Using More Networks…
Share via
  • Facebook
  • Like
  • Twitter
  • Pinterest
  • LinkedIn
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Skype
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky

Join our list

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

We respect your privacy and take protecting it seriously

Related Posts

Energy

Newsom’s War On Oil Could Send California Gas Prices To $9, Analyst Warns

May 9, 2025
Energy

The Climate Scaremongers: More Lies From The UK’s Crackpot Climate Change Committee

May 9, 2025
Energy

UK’s Green Agenda Blows Up As Ørsted Kills Massive Offshore Wind Project

May 9, 2025

Comments 3

  1. Matt Dalby says:
    2 years ago

    The same thing is happening in the UK, several planned large offshore wind farms are looking highly unlikely to be built due to rising costs and the fact that developers no longer get eye watering subsidies. Hopefully the wind bubble has burst once and for all and very few large projects will be built from now on.

  2. Sonnyhill says:
    2 years ago

    The Inflation Reduction Act should be re-branded the Rampant Inflation Act. Jay Powell sees it, the President is clueless. Up go your mortgage payments.

  3. SPURWING PLOVER says:
    2 years ago

    Riase the price of our Power bills so we end up with nothing while the privileged few(Environmentalists)can afford to heat their homes all winter long when it snows

Stay Connected On Social Media

gab-logo

Donate Today

Beating back the alarmist narrative takes time and money. Please donate today to help!

Recent Posts

  • newsom presser gas pricesNewsom’s War On Oil Could Send California Gas Prices To $9, Analyst Warns
    May 9, 2025
    Refinery closures and Newsom’s hostility to energy companies could push California gas prices from $6 to $9 a gallon, analyst warns. […]
  • protest time is upThe Climate Scaremongers: More Lies From The UK’s Crackpot Climate Change Committee
    May 9, 2025
    The UK’s Climate Change Committee is ramping up the panic, but real-world data shows no rise in floods, heat deaths, or costs—just more failed predictions. […]
  • yorkshire offshore windUK’s Green Agenda Blows Up As Ørsted Kills Massive Offshore Wind Project
    May 9, 2025
    Orsted scrapped the Hornsea 4 offshore wind project, dealing a massive blow to Ed Miliband’s green vision and raising questions about UK net zero targets. […]
  • ev charging station16 States, DC Sue Trump Admin Over EV Charger Funds, Most Have Built None
    May 9, 2025
    17 states sue the Trump administration for access to $5 billion in EV charger funding, despite most failing to build a single charger. […]
  • weather montageNOAA Quietly Kills Its Billion-Dollar Disaster Database And Report After Years Of Criticism
    May 9, 2025
    NOAA has quietly retired its Billion-Dollar Disaster list after years of criticism over transparency, accuracy, and scientific integrity. […]
  • german wind farmHow Wind And Solar Sent Energy Prices Sky-High in ‘Green’ Countries
    May 8, 2025
    Adding more green energy makes power more expensive, not cheaper—due to unreliable output, required fossil fuel backup, and taxpayer subsidies. […]
  • bernie sanders fox newsBernie Sanders Defends Private Jet Use, Says ‘He’s Too Important’ To Fly Coach
    May 8, 2025
    Bernie Sanders and AOC are facing criticism for using private jets while promoting their climate-focused “Fighting Oligarchy” tour. […]
  • blackout stationGreen Energy Suicide: The West Pays The Price For Its Net-Zero Delusions
    May 8, 2025
    Green energy policies clash with reality as Europe and the U.S. face blackouts, soaring costs, and a collapsing power grid. […]
  • wright trump exec orderDOE Scraps $4.5M Website And Logo Project Meant To Showcase Green Agenda
    May 8, 2025
    The DOE canceled a $4.5 million contract the Biden admin awarded for a new agency website and logo that highlighted the green energy transition. […]
  • desantis bill signing‘Dead On Arrival’: DeSantis Signs Law Banning Geoengineering And Weather Modification In Florida
    May 7, 2025
    DeSantis has signed legislation shutting down geoengineering and weather modification projects in Florida amid rising voter concerns. […]

Get Instant Email Notifications

Enter your email address to receive notifications of new posts by email either instantly or daily. Check your Junk folder for any verification emails upon subscribing.

Submit a tip

Please enter your email, so we know you're human.

Books We Like

very convenient warming

exposing great lie

Have a suggestion? Let us know! We swap out books based on your input. We participate in the Amazon Services LLC Associates Program. See here.

  • About
  • Privacy Policy
  • Contact Us

© Portions copyright Climate Change Dispatch

Share via
  • Threads
  • gab-logo Gab
  • Mastodon
  • Buffer
  • Telegram
  • Email
  • Copy Link
  • Share Using More Networks…
No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us

© 2025 Climate Change Dispatch