IKEA loves BigWind, but admits it needs tax dollars to make $

How much are you, IKEA, paying for your wind energy? I’m sure it is well above market value and you will pass that bill along to your customers. Isn’t it also interesting, that Illinois, home of various BigWind projects, flat out states that there will be NO tax breaks or other incentives? The industry has received the wind production tax credit for approximately 30 years now, and they are still not able to stand without government support.  How long should we continue to support their failures??????????????????????????????????????????????????????? Let your Senators know how you feel.  The wind lobbyists and other green groups are attacking Ohio and federal legislators right now. They have called their troops to actions because of OH SB310 (freeze renewable mandates) and they persuaded 5 Republican Senators to verbally agree to renew the federal wind production tax credit. Ohio Senator Rob Portman deserves a call from you…

The U.S. subsidiary of Swedish furniture retailer IKEA announced Thursday that it is buying a long-planned wind-energy project in eastern Illinois as part of the company’s initiative to offset its energy use with renewable energy generation.

And IKEA insists the project, which has not yet been built, is more than public relations. The company believes that, long term, wind energy will help the company’s bottom line, Chief Financial Officer Rob Olson said.

But right now wind power is a struggling business. Cheap natural gas and the end of a federal tax break for wind-power producers have left wind generation unprofitable….

Olson declined to say how much money IKEA is paying….

For the Hoopeston project, Olson said IKEA will receive some form of government incentives, though he declined to name the source or their dollar value.

Both the Illinois Department of Commerce and Economic Opportunity and officials in Vermilion County, where the project is located, say they’re not providing tax breaks or other incentives….

Right now, Olson acknowledges, wind-power generation needs government incentives to make money…

via CHAMPAIGN, Ill.: IKEA buying Illinois wind-energy project | Business | Macon.com.

Family abandons home due to BigWind noise

This is not a scare tactic. This is reality. You can find stories all over the world about people suffering from the adverse effects of living too close to wind turbines. Why should this Illinois story catch YOUR attention? Thanks to Senator Cliff Hite, the Ohio setbacks are absolutely miserable b/c he tirelessly fights against their increase. He is under complete control of BigWind and we don’t know why… Our setbacks are a mere 1250feet from a residence, not even a property line. There ARE people in VW county suffering, with Milo Schaffner being the most vocal. Please offer your support to him as he will soon CHALLENGE Senator Hite for his job. This is just the tip of the iceberg of problems with BigWind, but remember they are here for the $. Period…. 

This six year old girl is wearing her Hello Kitty headphones to bed in July 2013 because the wind turbines operating on the adjacent farm property is making too much noise.

This photo was taken at 10:43 PM after being in bed since 8:00 PM.

The closest wind turbines are 1665’ and 2225’ away, they are 495’ tall GE 1.6 mW nameplate capacity, and they are owned/operated by InvEnergy in Vermilion County Illinois.

This scenario repeated for so many nights during each week that, within six months after this photo was taken, the parents and both children abandoned her home and moved into a doublewide trailer eight miles away in order to get away from the nighttime noise.

Now, she asks her parents on regular occasions, “When can we move back into our old house?” and “ I want to have a normal life and get to have my old bedroom back again because I don’t like living here because there’s not enough room for my stuff and there’s no place to keep my things.”  Her parents have gently reminded both kids that they love them very much and that their health is way more important than having material things such as a nice big house with all the toys and things….

via InvEnergy Wind Turbine Victim – California Ridge Wind Farm – | Illinois Leaks.

Illinois wind project foreclosure has similarities to Buckeye Wind in Ohio

 The 240 MW Big Sky project (Illinois) is in trouble as Edison Mission is unable to repay the loan on the wind development made by the turbine manufacturer, Suzlon.  This is an important story about another wind project in the PJM grid system which also serves Ohio

Big Sky does not have a long term power purchase agreement and sells on the spot market where it has been unable, despite grants and subsidies, to earn a sufficient return.  Please note the red highlights below. There are similarities here between Big Sky and Everpower’s Buckeye and Scioto Ridge projects.  Right now, we understand that Everpower does not have a long term power purchase agreement, does not have federal subsidies, probably does not have an investor and the spot market apparently can’t provide an attractive return in the PJM system.    For these and other reasons, we believe Jason Dagger provided mulitple (delayed) start date options for Buckeye Wind in the Springfield News Sun article yesterday.  

And, finally, please add “ouch!” in your head as you read the prices stated below that are necessary to meet the minimum acceptable rate of return for the investors. That is a HUGE electricity rate increase for consumers!!!

Suzlon Energy Ltd. (SUEL), the Indian wind-turbine maker in default on $209 million of bonds, may take over one of Illinois’ biggest wind farms if it’s unable to collect a loan it made for the project….

The plant doesn’t have a long-term buyer for its power and sells at spot prices into the regional U.S. electricity market. It may not earn a minimum acceptable rate of return at current wholesale electricity prices, said Amy Grace, a New York-based wind analyst for Bloomberg New Energy Finance….

Most wind farms sign 20-year power sale agreements with a utility to lock in prices and secure revenue streams. Big Sky doesn’t have one and sells its output on the spot market in the 13-state PJM Interconnection LLC grid, Edison Mission spokesman Douglas McFarlan said in a Feb. 18 e-mail.

 

The average 24-hour price near Big Sky last year was about $35 a megawatt-hour, according to data compiled by Bloomberg. Including tax credits and a government clean-energy cash grant, Big Sky may have earned an average of $67 a megawatt-hour last year, BNEF’s Grace estimated.

 The project probably needs to earn $80 a megawatt-hour on average over its lifetime to meet a 10 percent hurdle rate, or the minimum acceptable rate of return for an investor, she said…

via Suzlon Considers Foreclosure on Illinois Wind Farm – Bloomberg.

Are Illinois students simply NIMBYs?

I don’t think so. This superintendent should be commended for having the courage to speak the truth about these industrial machines and, hopefully, save other districts from the same fate…What is the payout to a district for the retention of a student vs. the “supposed” rate savings with the turbines?Hmmm…..

I have noticed that we have some children in our district that appear to be having some medical issues related to the wind turbines. Headaches, lack of sleep and jaw issues seem to be the most common…We have also been advised that we will be losing a couple of families because the wind turbines were placed close to homes and the families can no longer handle the flicker and noise issues.

WindAction | Illinois School Superintendent Letter: Turbine noise creating health problems for students.