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News Flash: European Investment Bank Puts €5B Towards Wind Energy

As COP28 begins in Dubai, there are big investments in wind energy around the world. The European Investment Bank is backing wind energy with €5B to promote European-based wind manufacturing and development. In the U.S., Leeward Renewable Energy is using $580M for a wind and solar project. RWE and Masdar join forces for the 3GW Dogger Bank SouthWind Farm which will power 3 million homes.

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The European Investment Bank has pledged 5 billion euros in guarantees to support Europe’s struggling wind energy sector. Costs are soaring for turbine manufacturers as they face stiff competition from China. Back in 2022, the EU had a negative trade balance of over 400 million euros with China. In the wind sector, Chinese wind turbine prices are roughly 20% lower than those in Europe and the United States.

The European Investment Bank funding should help companies secure more contracts and boost growth. It even extends support to international firms like GE, which have Europe based subsidiaries.

Leeward Renewable Energy has secured $580 million to fund two lean energy projects in the U. S. The funds come in the form of tax equity commitments.

That money will help build a 179 megawatt solar farm in Arizona. It will also repower an 80 megawatt Illinois wind farm by upgrading the turbines. Construction has begun on the Arizona project, while the Illinois wind farm upgrades are expected to go live in December.

A massive new offshore wind project is coming to the U.K. German company RWE and UAE firm Masdar will develop The three Gigawatt Dogger Bank, south Wind Farm off the British Coast. Dogger Bank South would generate enough clean electricity for 3 million homes with RWE holding 51% and Masdar 49% Construction could begin in 2025 for first operations by 2029. The partners call it their largest ever renewable energy collaboration boosting UK and global climate goals.

News Flash: European Investment Bank Puts €5B Towards Wind Energy

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Renewable Energy

Military Dictatorship – More

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I wrote a post earlier today about a British geneticist, Dr. Gordon Strathdee, who had lived in the United States for four years, and believes that, by 2028, the U.S. will fall under military dictatorship.  He believes this, not because of Trump per se, but because of the mentality of the typical American voter.  I hope you’ll read his incredibly astute comments here.

In the earlier post, I argued against Strathdee’s position, but I’ve given a great deal of thought to this matter over the years since Trump came on the political scene here in 2015, and I agree that there is considerable reason to be concerned about this outcome, that strokes the civilized world as being so horrible.

To summarize Strathdee’s thinking in two quick statements:

1) A solid percent of U.S. voters love Trump and everything he stands for, and there are exactly zero deal-breakers here, certainly no criminal misconduct.  Did his supporters bat an eyelash when the president, deposed in the 2020 election, tried (and nearly succeeded) in overthrowing the U.S. federal government?  Not for a millisecond.

2) Given this, the American people are getting exactly what they are asking for.  They adore Trump’s blend of racism, cruelty, and his extending his middle finger to our nation’s traditions, e.g., working against the world’s dictators, working in concert with our allies, and accepting of the findings of the courts.

I’m sure this isn’t going to impress too many of my readers, but there is a certain justice and rightness in giving the people what they want.  I need to accept the truth, i.e., that I live among tens of millions of grossly undereducated people who are thrilled with what’s happening here, and are going to be extremely resistant to changing their thinking.

We need to keep in mind that this situation is not at all limited to the United States.  Until recently, Hungary, with its history of great art, architecture and especially music, was one of the most enviable societies on Earth.  Now, they have a ruthless dictator.  The precise mechanism behind all this I don’t know, but what about this suggestion: The people wanted one?  

Military Dictatorship – More

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Renewable Energy

Trump/Epstein

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It’s virtually certain that Trump will be connected to Epstein and the sex trafficking of underage girls.

The question, however, is will he lose any support?  We’re talking about an adjudicated rapist who tried to overthrow the United States federal government.  For the MAGA base, there are no deal-breakers.

Trump/Epstein

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Renewable Energy

Military Dictatorship in the U.S.?

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British geneticist Dr. Gordon Strathdee lived in this United States for four years, and believes that the answer to the question here is yes, but not because of Trump per se.  Read his incredibly astute comments here.

Here’s are two competing notions:

1) Though I’m not pro-military by nature, I have a great deal of respect for those who rose through the ranks and achieved the pinnacle of success, focused on one single thing: Their loyalty to the U.S. Constitution.

It’s true that, under Trump’s first term, a few retired generals came aboard his staff and then left, apparently because of disagreements they had with the president.  At this moment, however, things seem to be fairly quiet.  We even have the absurd situation that an alcoholic Fox News commentator is the Secretary of Defense, and no one’s making too much noise about it.  But wait until the order comes down, “We’re invading Canada!” or some equivalent form of insanity.

The answer, which will come immediately and unanimously: “The f*** we are.  You’re insane, and you’ve given your last command here.”

2) The economy, driven at least partially by extreme tariffs, goes so far in the tank that the MAGA folks can’t feed their families, and they drop Trump like a hot rock. True, these are not the type of people who are prone to admit they were wrong, even in the face of compelling evidence (which is the entire problem here), but hunger and poverty are powerful motivating forces.

Under this scenario, the congresspeople who represent the red states and are desperate to remain in office drop Trump as well, as his support on The Hill evaporates totally and immediately.

Military Dictatorship in the U.S.?

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