Wednesday
Jun012011
Song: Green Energy Blues
Original Song - Wind Power Blues
Don't infer from this clip that we're lovers of carbon pollution; there are no easy energy solutions (outside of cold fusion), and wind farms are not without their problems, as demonstrated cogently in the above clip.
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This is an absolute must see...
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Further reading (includes excellent Al Gore cartoons)...
h/t to john for sending this clip our way...
Reader Comments (277)
I see that FW and UPC have gone into silent mode over the last (about) 2 months...
http://thehill.com/blogs/e2-wire/e2-wire/263067-house-energy-and-commerce-committee-counsel-joins-patton-boggs
Angus King hits jackpot fundraising outside of Maine.
http://bangordailynews.com/2012/10/15/politics/elections/summers-picks-up-fundraising-pace-but-king-still-brought-in-double-the-money/
excerpt:
King’s fundraising report shows that trips he made to Washington, D.C., to raise campaign cash paid off. His contributors include a number of employees of the Podesta group, which held a July fundraiser for King. The report also shows a number of contributions from employees of the Washington, D.C., lobbying firm Patton Boggs, including former Louisiana Sen. John Breaux, a Democrat, and Patton Boggs chairman Thomas Hale Boggs.
On Tuesday, King will travel to New York City for a fundraiser at the home of New York Mayor Michael Bloomberg, who has contributed $500,000 to a third-party, pro-King ad campaign by the nonprofit group Americans Elect.
http://www.pattonboggs.com/files/News/f776ec67-7adf-4513-a880-560123154d43/Preview/NewsAttachment/c5b1c99c-1d8f-4336-83fe-5901ffe17fbc/Renewable%20Energy%20Presentation.pdf
Thanks!
Related stories:
http://dailybail.com/home/move-over-solyndra-here-comes-another-solar-energy-scandal-a.html
http://dailybail.com/home/ge-dumps-offshore-wind-power-plans-after-collecting-125-mill.html
http://dailybail.com/home/is-daleys-sudden-departure-linked-to-solyndra-probe.html
http://dailybail.com/home/obamas-9b-green-stimulus-created-900-jobs-10m-each.html
I posted an e-mail FOIA from Enron to Hadley CRU from Enron in the comments of this story...
http://dailybail.com/home/dr-obamas-miracle-green-job-elixir-gives-737-million-to-sola.html
There are other stories with more information but it will take awhile to find them all.
Barb, looks good for the project we discussed. Will be in touch.
Brian Caffyn, founder of UPC, was originally in finance. He worked for companies like General Electric on the financing of energy projects including coal, natural gas, geothermal, solar, wind, and bio mass. He later became president of a San Diego power company called Cannon Power, which operated as many as 700+ wind turbines after the 1980′s.
In 1996 Cannon Power split off its Italian business, at this time Brian left and established UPC taking over the original Italian business, beginning his international wind power business. By 2005 UPC became Italy’s largest wind power developer and operator, with 782MW of operating installed capacity, accounting for 70% of the Italian market. UPC has since expanded capacity in Italy by roughly another 500MW. In 2000 UPC began developing wind power projects in the U.S. changing it’s name in America to First Wind. First Wind is building and has already completed over 700MW of wind power capacity. UPC is also developing projects in regions like the Philippines and northern Africa.
Note:
http://www.environmentalleader.com/2009/11/17/mafia-tied-to-wind-fraud-in-italy/
Former Gov. John Baldacci, a Democrat, and former state Senate President Rick Bennett, a Republican, said Thursday they have joined the Campaign to Fix the Debt
Independent U.S. Senate candidate Angus King received Bowles’ endorsement in September, when the two men hosted a town hall event at the University of Southern Maine focused on the national debt....
....The Campaign to Fix the Debt has significant support from the business sector. The Wall Street Journal reported Thursday that the CEOs of more than 80 major businesses — including health insurer Aetna, AT&T, Boeing, Marriott and dozens of others — have signed on in support.
http://dailybail.com/home/who-bought-your-politician-check-with-our-widget.html
Here is what I turned up and later today will dig in.
Angus S. King
Contributions Received $2,077,466
Rank within Senate Candidates 59 / 215
Rank Overall 153 / 1800
Contributions and rankings based on latest available data from Jan 1, 2011 - Oct 21, 2012
Source: MapLight analysis of
FEC data
Top Ten Contributors from Jan 1, 2011 - Oct 21, 2012 More info
Bowdoin College $11,500
Spectrum Medical Group $8,600
Bernstein Shur Sawyer & Nelson $7,500
Bernstein Shur $7,050
First Wind $6,000
Pierce Atwood $6,000
Eaton Peabody $6,000
Martins Point Health Care $5,500
First Spring Corp. $5,500
The Jackson Laboratory $5,250
----------------------------------------------------
Note: Mayor Michael Bloomberg and his PAC are not listed (yet)...
http://www.kitv.com/news/hawaii/First-Wind-abandons-Kahuku-expansion-as-wind-farm-remains-offline/-/8905354/17155910/-/15dwex5z/-/index.html
http://www.windpowermonthly.com/news/1034477/Goldwind-receives-CHY40m-Xinjiang-grant/
Barb, I put these up earlier but are relevant...
Naming Names – Obama Contributors and the Stimulus Scandal (Page 2 of 2)
A who's who list of Barack Obama contributors and recipients of his $787 billion stimulus program.
http://www.whiteoutpress.com/articles/q12012/obama-contributors-and-the-stimulus-scandal-page-244/
[snip]
First Wind – Received $232 million in stimulus funds. An audit revealed the money only created 125 jobs.
David Shaw: Founder of DE Shaw. Obama bundler and one of the top 3 donors to the Democratic Party. Largest shareholder of First Wind.
Larry Summers: Part owner of First Wind. Obama’s Chief Economic Advisor.
David Canning: Part owner of First Wind. George W. Bush bundler, Barack Obama donor, Rahm Emanuel donor.
The Untold Story: Brooksley Born, Larry Summers & the Truth About Unlimited Risk Potential
http://www.imackgroup.com/mathematics/989981-the-untold-story-brooksley-born-larry-summers-the-truth-about-unlimited-risk-potential/
Noe that Larry Summers enters the scene, He was involved with the facebook IPO and guess what Galvin did....
http://dealbook.nytimes.com/2012/10/26/citigroup-pays-fine-and-fires-analysts-over-facebook-i-p-o/
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9645327/Barclays-hit-as-it-warns-of-US-fine-and-fresh-probes.html
[snip]
Barclays revealed on Wednesday it was facing a possible fine in the US relating to electricity trading and that it was being investigated by the US Department for Justice and US Securities and Exchange Commission.
Barclays Renewable Portfolio
http://www.bnri.com/Portfolio/Power+and+Renewables.html
http://maps.google.com/maps?q=Mikes+Carbon+Neutral+Weekend+Getway+Cottag...
An American technology wizard and frequent visitor to Bermuda with a vast home overlooking the ocean in Tucker's Town, he founded a global financial company - Bloomberg - in his own name, more than 75% of which he still owns. 69 years old (in November 2010) he is the wealthiest divorced man, with 2 daughters in New York City, with an estimated US$18.1 billion in assets in February 2011. His Bermuda home was recently extensively re-worked at a reported cost of $10.5 million. His neighbors there include Hugh Lowenstein, billionaire Ross Perot and Italian Prime Minister Silvio Berlusconi. His other homes are two in New York's Westchester County, Armonk, a townhouse at 17 E. 79th Street in Manhattan, a 20-acre farm in North Salem, a London apartment in Cadogan Square and a condominium in Vail, Colorado. His financial information and news services are widely used locally. He was a 2001 Republican mayoral candidate for New York City, won the election and became Mayor after November 6, 2001 (still in office in 2011). He has a fleet of aircraft at his disposal. A licensed pilot, he owns a high-performance single-engine plane for quick jaunts. It is a Mooney Bravo M20M, seats four, flies high and goes fast. On February 21, 2006 the New York Daily News reported that Mayor Bloomberg's presence in Bermuda was about to get a whole lot bigger. His daughters, Emma and Georgina, filed an application with the Bermuda Minister of Home Affairs to buy The Jungle, a 1.7-acre property next to their dad's $10.5 million mansion. The ultra-exclusive property is owned by Hugh Lowenstein, one of Bloomberg's oldest friends and a member of his company's board of directors. A Bermuda real estate agency described The Jungle as an "exquisite property" and "magnificent house" with a large galleried living room, replete with a cedar railing balcony leading to the bedrooms. There's an outdoor pool in a beautiful garden setting with a sloping lawn heading to a large dock. The house has four bedrooms, five bathrooms and a fireplace in the living room.
http://www.bermuda-online.org/intexecs.htm
http://www.zerohedge.com/news/2012-11-01/mike-bloomberg-vote-obama-vote-climate-change
I discovered in the comments that the Mayor had a really nice compound in the Bahamas. One of his neighbors is former Italian PM Berlusconi. (circumstantial I know but...).
I have pointed out the ties between the Mafia in Italy regarding seized wind projects and that these projects have direct ties to Boston based First Wind. Another Bahama mansion owner would be Angus King, former governor, senate candidate and wind speculator from Maine who has really good deals going on with First Wind (His son is a VP there), King also sat on the board of a Bahamas' based bank. Bloomberg has been contributing huge money for King re-election.
Barb, I will give you a jingle this evening.
The call came and I'm delighted that you arranged this. Thank you :)
You have some fascinating research here. I have found different figures on stimulus to First Wind.
Your October 28th comment at 2:22 PM--
"First Wind – Received $232 million in stimulus funds. An audit revealed the money only created 125 jobs."
From this source---
http://finance.townhall.com/columnists/johnransom/2012/07/23/obama_donor_stimulus_was_like_a_hooker_in_prison/print
"Since Obama Took Office, First Wind's Projects Have Received Over $452 Million In Grants Through The Stimulus' 1603 Program. The Grants Went To First Wind's Stetson Wind Farm In Maine, 40,441,471; Cohocton Wind Farm In New York, $52,352,334; Dutch Hill Wind Farm In New York, $22,296,494; Milford Wind Corridor Phase I In Utah; $120,147,809; Milford Wind Corridor Phase II In Utah, $80,436,803; Rollins Wind Farm In Maine; $53,246,347; Sheffield Wind Farm In Vermont, $35,914,864; Kahuku Wind Farm In Hawaii, $35,148,839; Steel Winds II Wind Farm In New York, $12,778,751. ( Department Of The Treasury, Accessed 7/18/12)"
But, I thought First Wind Kahuku got $117 million.
House Committee on the Budget
The Empty Promise of Green Jobs
The Costly Consequences of Crony Capitalism
September 22, 2011
http://budget.house.gov/news/documentsingle.aspx?DocumentID=261226
"First Wind Holdings, received a $117 million loan guarantee in March of 2010. First Wind withdrew its initial public offering in October of 2010, due to a lack of investor demand. [11] According to the Boston Globe, investors shied away from the company because “First Wind owes more than $500 million, loses money on a steady basis, and reports a negative cash flow.”[12]"
Ira Stoll regarding First Wind stimulus, second round:
“First Wind Holdings LLC got a $117 million loan guarantee from federal "stimulus" funds to finance the construction and start-up of a wind energy project in Kahuku, Hawaii, the federal Department of Energy announced Friday. Once complete, the project will create "six to ten" jobs, according to the Department of Energy. At $117 million, works out to a federally guaranteed loan of between $19.5 million and $11.7 million for each job created.”
http://www.futureofcapitalism.com/2010/03/another-117-million-for-first-wind
Best,
Barbara
http://www.waff.com/story/19981857/decatur-utilities-crews-home-after-issues-with-union
Now, this will also be part of (payola) what I am working on.
http://investing.businessweek.com/research/stocks/private/person.asp?personId=27366196&privcapId=98562707
Barb, in this article, the Kahuku project
http://the.honoluluadvertiser.com/article/2008/Jan/18/br/br8260497513.html
cost $70million. Note that the plant has been offline for months now.
Lawsuit says company accepted $59.5 million for turbines
http://thegazette.com/2012/11/03/customer-seeking-to-freeze-clipper-windpower-assets/
[snip]
First Wind was seeking clarification of Clipper’s production capabilities because it was interested in buying 41 turbines to take advantage of the possibility of receiving U.S. Treasury grants to assist in financing a wind development. It believed its prior deposits with Clipper might serve as owner equity in qualifying for the grants...
...Clipper is facing a similar lawsuit to freeze its assets in California courts. Much of that lawsuit in Santa Barbara Superior County Court is under seal, according to the Pacific Coast Business Times.
http://www.foxnews.com/world/2012/11/01/eco-taxes-study-financed-by-us-treasury-will-link-tax-code-to-carbon-emissions/?test=latestnews#ixzz2B5q3MP6I
I saw the above links last night and thought I would use that story and the damaging interview below for my project. But Comcast (NECN) removed the video.
http://www.necn.com/searchNECN/search/v/39575587/twib-paul-gaynor-ceo-of-first-wind.htm
[snip]
Sun, 27 Sep 2009
(NECN) - On This Week in Business, Paul Gaynor, the CEO of First Wind talks about the upturn in the IPO market and his meeting in Washington this week with Treasury Secretary...
NOTE: NECN removed the video.
In this interview Gaynor boasted about how fast Treasury cut them stimulus checks.
First Wind is in a pickle with their Clipper Wind turbine supply contract.
http://thegazette.com/2012/11/03/customer-seeking-to-freeze-clipper-windpower-assets/
3 November 2012
'Customer seeking to freeze Clipper Windpower assets, including Cedar Rapids factory
Lawsuit says company accepted $59.5 million for turbines'
Clips--
"Wind project developer and owner First Wind Energy LLC said Clipper accepted $59.5 million in advance payments for wind turbines it no longer produces in the lawsuit filed last month in Linn District Court in Cedar Rapids.
Clipper manufactured its huge Clipper Liberty 2.5-megawatt wind turbines in Cedar Rapids from 2006 until earlier this year. The Carpinteria, Calif.-based company has been sold twice in the last two years..."
“By May 2012, First Wind was informed by Clipper that it had ceased all manufacturing of wind turbines and had no intention of resuming manufacturing them,” the lawsuit said.
First Wind has purchased 150 of the 2.5-megawatt Clipper wind turbines since 2006, according to the lawsuit. The importance of having Clipper continue to honor parts, service and maintenance agreements on the turbines is one of the critical concerns for First Wind and other Clipper customers.
Clipper Windpower’s attorneys have been granted an extension to respond to the lawsuit. CEO Michael Reed declined to comment on the lawsuit, saying the company does not comment on litigation.
Platinum Equity, Clipper’s new owner, did not respond to a request for comment.
Clipper Windpower’s $22 million investment in Cedar Rapids was one of Iowa’s first victories attracting wind power manufacturers in 2005. At least five other states had been courting the promising California company as it got ready to launch production.
A basket of state incentives included a $500,000 forgivable loan, $2 million short-term loan, $346,000 infrastructure assistance grant and enterprise zone benefits.
Clipper is facing a similar lawsuit to freeze its assets in California courts. Much of that lawsuit in Santa Barbara Superior County Court is under seal, according to the Pacific Coast Business Times..."
So, First Wind has concerns that Clipper Wind may not honor parts, service and maintenance agreements.
I've located 150 Clipper Liberty wind turbines this article states were identified in the Clipper lawsuit(s)--
Sheffield VT (16)
Kahuku Hawaii (12)
Edom Hills Wind Farm California (8)
Fowler Ridge Wind Farm Indiana (40)
The Flat Ridge I Wind Farm Kansas (40)
Silver Star Texas (24)
Titan Texas !(10)
6-3-09 was the Nixon Peabody Trade Secret letter about the failing technology of Clipper Wind Liberty turbines. The link on the Web vanished, so remember to download your evidence; and find a great editor willing to keep it live for the public benefit.
"...This information is not publicly available, and would, if disclosed, cause Clipper substantial competitive injury. As a result, we would ask that this information be treated as a trade secret or information which, if disclosed, could cause injury to Clipper's competitive position pursuant to Public Officer's Law Sections 87.2(d) and 89(5) and 16 NYCRR Section 6-1..."
Trade Secret, (just checked and operating) :
https://docs.google.com/viewer?a=v&q=cache:wCdJHhAi0KAJ:documents.dps.state.ny.us/public/Common/ViewDoc.aspx%3FDocRefId%3D%257B33FA561C-ACE8-4F21-BEB3-D6DBF37F4892%257D+&hl=en&gl=us&pid=bl&srcid=ADGEESgS7qOeWAKFe2HwEHFw3z56GJbdFjHcufIObXhRjKz_Fw2kEFWJ01DpD6e9LnGs0EqkIBssPFZyOtiP9R7GbgE8aapHDAmNbM61TAGid38TfEveAtOoItMQI8K-AcgZkTBvui36&sig=AHIEtbR6C6SZpsGtGEbE5X4Mwn_Pjhfnpw
There's always more to come. This thick plottens.
Barbara
The sealed part of the Ca. lawsuit may be related to So Cal as we had discussed. Got some stuff ready to fly as long as there are no tech issues. I had a few bumps and grinds putting it together but hopefully it will make it through.
https://www.google.com/amp/s/www.bostonglobe.com/metro/2019/01/23/green-energy-blues-town-that-sought-something-about-climate-change/XiNySqj81IimsF7jJ36IFI/amp.html
Barb deserves huge credit for this one!
-Mike Noble
https://noblegaragedoorandgaterepair.com/