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Do I have it right that the two projects that this deal kills off haven't seen any construction work yet? These aren't among the projects that the stop work ord

by gmueckl 7mo ago

Do I have it right that the two projects that this deal kills off haven't seen any construction work yet? These aren't among the projects that the stop work orders were issued against in December, right?

0cf8612b2e1e 7mo ago
My quick skim, I think you are right. This is getting them to halt new development, by buying them off with the equivalent of the subsidies the current administration cancelled.
- munk-a 7mo ago
  What an amazing deal. We get nothing and the contractors we negotiated with get money for it! Truly, the deals this administration crafts are nonpareil!
- fsckboy 7mo ago
  >by buying them off with the equivalent of the subsidies the current administration cancelled no, the billion that is being "paid" is a refund of what Total paid in for the leases. Total paid that into the US govt in anticipation of receiving returns on that investment in the form of "clean energy subsidies". it is not clear from what is in the news story whether Total is being compensated for the would-have-been future subsidies, or whether Total simply expects to make decent profits from fossil fuels. if one's interest is in the "clean energy" angle, then this is a "defeat". if one's interest is in reducing govt subsidies, this could be "a win", but it's not exactly clear.
Mashimo 7mo ago
These ones no construction had been started yet AFAIK. If AI summery is to be trusted, a few other windparks got stopped that where almost done, but got completed anyway after a legal battle. Vineyard Wind 1, Coastal Virginia (CVOW), Empire Wind 1, Revolution Wind, Sunrise Wind. Again, got it from AI, make of that what you want.
- cwal37 7mo ago
  The feds have dropped their attempts to stop those from ongoing construction for now, but only one of those projects is complete. CVOW is supposed to flow first power this month, but won't be done for ~a year, Empire Wind is also end of '26/early '27, Sunrise later in 2027. Vineyard was completed this month, and Revolution is delivering power and targets completion over the next few months.
splitstud 7mo ago
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by gmueckl 7mo ago

0cf8612b2e1e 7mo ago

My quick skim, I think you are right. This is getting them to halt new development, by buying them off with the equivalent of the subsidies the current administration cancelled.

munk-a 7mo ago
What an amazing deal. We get nothing and the contractors we negotiated with get money for it! Truly, the deals this administration crafts are nonpareil!
fsckboy 7mo ago
>by buying them off with the equivalent of the subsidies the current administration cancelled no, the billion that is being "paid" is a refund of what Total paid in for the leases. Total paid that into the US govt in anticipation of receiving returns on that investment in the form of "clean energy subsidies". it is not clear from what is in the news story whether Total is being compensated for the would-have-been future subsidies, or whether Total simply expects to make decent profits from fossil fuels. if one's interest is in the "clean energy" angle, then this is a "defeat". if one's interest is in reducing govt subsidies, this could be "a win", but it's not exactly clear.

Mashimo 7mo ago

These ones no construction had been started yet AFAIK. If AI summery is to be trusted, a few other windparks got stopped that where almost done, but got completed anyway after a legal battle. Vineyard Wind 1, Coastal Virginia (CVOW), Empire Wind 1, Revolution Wind, Sunrise Wind. Again, got it from AI, make of that what you want.

cwal37 7mo ago
The feds have dropped their attempts to stop those from ongoing construction for now, but only one of those projects is complete. CVOW is supposed to flow first power this month, but won't be done for ~a year, Empire Wind is also end of '26/early '27, Sunrise later in 2027. Vineyard was completed this month, and Revolution is delivering power and targets completion over the next few months.

splitstud 7mo ago

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