Ringside: The Dismal Economics of Floating Offshore Wind - Energy News Beat

Ringside: The Dismal Economics of Floating Offshore Wind

There are at least three ways to evaluate the economic viability of energy projects. The easiest way is to just repeat whatever is in a press release. The other extreme, a mandatory exercise for anyone poised to actually invest and build a project, is to develop complex projections that take into account the benefits of tax credits, favorable depreciation treatment, other deductions and subsidies, revenue enhancements, grants — every conceivable…

Ringside: The Dismal Economics of Floating Offshore Wind - Energy News Beat

Floating offshore wind is similarly preposterous. It must be canceled before any more money is wasted. This was posted on the California Globe, and we highly recommend reading their publication. By Edward Ring, July 9 There are at least three ways to evaluate the economic viability of energy projects. The easiest way is to just repeat whatever is in a press release. The other extreme, a mandatory exercise for anyone poised to actually invest an…