I ran across a solicitation for investors to join a certain company that is promising a return of 1.19% daily, or (1.0119)^365 per year, = 7503% = 75.03 times your investment. $20K becomes more than $1.5 million a year later.
Hmmm. I don’t know much about criminal law, in this case fraud, but aren’t the purveyors of this investment going to wind up in prison?
Oil and Gas Investment Seems Attractive, But Is it Credible?
Renewable Energy
Did Lindsey Graham “Lack a Moral Core?”
Obviously.
You could say this about any Trump supporter, but especially those who are powerful and well educated.
As Andy Borowitz pointed out, to commit treason requires having enough intelligence and knowledge to know better. That’s why the Jan 6th felons went down for aggravated battery, etc., rather than treason.
Renewable Energy
Poland Powers First Offshore Wind, Vestas Expands in Japan
Poland Powers First Offshore Wind, Vestas Expands in Japan
Allen covers Poland connecting its first offshore wind farm, Ocean Winds reaching full power in the Mediterranean, Stiesdal’s floating wind cost breakthrough, Vestas expanding in Australia and Japan, a federal permitting freeze stalling 250 US projects, and India passing 50% clean power.
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Happy Monday, everyone.
A coal-dependent nation just plugged into offshore wind for the very first time. Poland’s power grid received electricity this past week from its first offshore wind farm in the Baltic Sea. It’s called Baltic Power, a joint venture between Poland’s Orlen and Canada’s Northland Power. It began sending electricity from its 76 turbines to shore — about a 1.4-gigawatt site, enough to power more than 1.5 million Polish homes.
And this is more than just one wind farm. Poland is shifting its entire energy map. For decades, the center of electricity generation sat in the coal-rich south. Now it’s moving to northern Poland, to the coast. The country plans six gigawatts of offshore wind by 2030. Equinor and Ørsted are both set to build along that Polish shoreline, and that’s good news. A new 530-million-złoty substation — about $140 million — is part of a plan to build nearly 5,000 kilometers of high-voltage lines to carry the power to southern Poland. Coal still supplies more than half of Poland’s electricity, but that number is about to change.
And now down to the south of France. Ocean Winds, the offshore wind company created by EDP Renewables and Engie, just reached full power at a floating wind farm in the Mediterranean Sea. It’s three 10-megawatt turbines sitting on semi-submersible floaters 16 kilometers off the coast. It’s a pilot project, but the lessons are real: 99% of the suppliers are European, 85% French, and it proves that floating offshore wind can work in deep Mediterranean waters.
Now we’ll stay with floating wind for a moment. Danish company Stiesdal Offshore says it has cracked the cost code, and this is important. The company modeled what it would take to build a full-scale floating wind farm — one gigawatt from a single port in a single installation season, loading out one turbine per week. And the cost? Less than one million euros per megawatt. That is on par with the jacket foundations used for fixed-bottom turbines in deeper water. About 80% of the world’s oceans are roughly too deep for conventional foundations. And if those numbers hold — one million per megawatt — floating wind just got a whole lot more investable.
Meanwhile, Danish Vestas is making moves on two continents. In Australia, the Danish giant bought a 272-megawatt project in Tasmania from Ark Energy. It’s called the St. Patrick’s Plains Wind Farm, and once built it would be the biggest wind project site in the state. Vestas now has more than 13 gigawatts of wind projects in its Australian pipeline. So the model is clear: buy early-stage projects, bring in investors and offtakers, then supply the turbines to build the farm. The turbine supplier is turning into a wind developer.
And over in Japan, Vestas secured backing from the Japanese government to build a wind turbine assembly factory. Japan’s Ministry of Economy, Trade and Industry has committed support for the facility. Vestas already has about two gigawatts of turbines installed in Japan, including machines at the country’s largest operational offshore wind farm. A factory on Japanese soil puts Vestas closer to an offshore market that is just getting started.
Now we turn back to the United States. In Minnesota, four wind energy projects are stuck in limbo. The Department of War has stopped completing national security reviews for proposed wind farms. Those reviews used to be routine. A new report says more than 250 wind projects are stalled nationwide because of it. In Minnesota alone, the four frozen projects represent over one gigawatt — that is more output than the state’s twin nuclear reactors at the Prairie Island Power Plant. So at stake is $1.6 billion in direct investment, about 5,600 jobs, and more than $168 million in economic impact. Nine clean energy groups have sued the War Department to break the logjam.
And over in Ohio, the state senate passed a bill that could block many new wind farms and solar farms. The bill says power sources must be available at least 50% of the time, and wind and solar on their own rarely hit that number. The Ohio Chamber of Commerce opposes the bill, and so does the grid operator. But the bill has passed the Senate and now heads to the House. And what a mess Ohio is creating for itself.
And finally, in India, for the second time ever, clean energy met more than 50% of the country’s electricity demand. It happened on July 6th. And in the first half of 2026, India installed nearly 29 gigawatts of new solar and wind combined. The country now has about 288 gigawatts of renewable capacity. A nation of 1.4 billion people just crossed the halfway mark on clean power. It’s pretty good — and they’ve done it twice now.
So here’s what to watch. The industry’s next chapter is not just about who builds the most megawatts. It’s about who controls the choke points: ports, permits, foundations, factory floors. The companies and countries solving those problems are the ones that will lead.
And that is the state of the wind industry for the 13th of July, 2026. Join us for the Uptime Wind Energy podcast tomorrow.
Renewable Energy
RIP Lindsey Graham, But What Does the “P” Stand For?
The death of Lindsey Graham has brought out a curious mixture of responses.
Some are full of respect and kindness–even among those who disagreed with him at every turn, i.e., humanitarian progressives, believers in U.S. democracy, and the like. Are the motives of these kind people politically motivated? It’s hard to know.
There’s precious little ambiguity in the response at left of battered Capitol policeman Michael Fanone.
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