Awkward: Obama management finally, excitedly starts marketing solar leases, plus nobody shows as much as purchase them - Hot Air

October 25, 2013 0 Comments

posted at 1:21 pm about October 25, 2013 by Erika Johnsen

The Obama management has been pretty jazzed regarding their sweet plans to auction off leases for certain parcels of the one-third of the surface region of the United States they control, mostly inside the western United States, for the express reasons of developing wind plus solar farms to that they hope they’ll be capable to point because evidence of the achievement of their not-quite-”all of the above” stamina schedule. The Interior Department has been functioning about fast-tracking this signature project for awhile today (whilst a bunch of drilling permits were gathering dust inside the corner), plus this week finally marked the exciting event of their initial auction of land for solar development.

I think it’s secure to surmise which your day was anything of the letdown for them, through the Denver Organization Journal:

The nation’s initially federally run auction for a chance to develop solar energy projects about public lands became a bust.

No bidders showed up for the auction by the federal Bureau of Land Management, that was held Thursday inside Lakewood.

“We didn't have any bidders come to the sale plus you didn't get any sealed bids found on the sale,” BLM spokeswoman Vanessa Lacayo mentioned. …

“The BLM had received interest inside developing the websites, that’s why you moved forward,” she mentioned. “It’s difficult to state why you didn’t have any bidders.” …

“We might evaluate today’s auction because you consider future solutions to provide lands inside Solar Energy Zones for development, both inside Colorado plus alternative Western states,” the statement mentioned.

Oof. While I’m certain which the Obama management may discover somebody to take them up about their magnanimous provide inside very brief purchase (latest history might indicate which they have some qualms regarding further sweetening the deal for a possible buyer when necessary), I can’t state I’m amazed. The management held the auction considering they did receive applications plus inquiries earlier inside the year, however, this project’s initiation is happening when investment inside renewables is dropping off sharply (plus I do imply actual investment here, not “investments” inside the means which Obama utilizes it to apply to his politically/ideologically-driven disbursement of public funds). Via Bloomberg:

Clean-energy investment fell 14 % inside the 3rd quarter within the before 3 months because Europe curbed subsidies plus cheaper U.S. all-natural fuel lured investment.

The $45.9 billion invested makes it “almost certain” which yearly investment inside renewables plus energy-smart technologies usually fall for the next straight year from $281 billion inside 2012, Bloomberg New Energy Finance mentioned inside a statement.

Investment inside the quarter was 20 % lower than the same period last year because spending inside China, the U.S. plus Europe fell. The U.S. saw the biggest decline, sliding 41 % to $5.5 billion…

While the $45.9 billion continues to be significant plus better than which invested inside 2004, the “loss of momentum because 2011 is thinking,” he mentioned.

It’s yet more evidence of the lesson which greenies appear thus hesitant to learn: You are able to openly recommend for policies which run counter to positive financial development, like high utility bills, subsidies, plus more intrusive federal regulation all we want; merely don’t be amazed whenever a less-than-robust economy signifies which nobody feels inclined to invest their hard-earned $ about further developing the new technologies plus innovations which greenies claim to like.


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