SMRs and AMRs

Saturday, September 13, 2008

Wind-Power Politics

Wind-Power Politics
By MARK SVENVOLD
NYT Magazine

“The moment I read that paper,” the wind entrepreneur Peter Mandelstam recalled, “I knew in my gut where my next wind project would be.”

I was having lunch with Mandelstam last fall to discuss offshore wind in general and how he and his tiny company, Bluewater Wind, came to focus on Delaware as a likely place for a nascent and beleaguered offshore wind industry to establish itself. Mandelstam had been running late all morning. I knew this because I received a half-dozen messages on my cellphone from members of his staff, who relayed his oncoming approach like air-traffic controllers guiding a wayward trans-Atlantic flight into Kennedy. This was the Bluewater touch — crisp, informative, ever-helpful, a supercharged, Eagle Scout attentiveness that was part corporate style, part calculated public-relations approach. It would pay off tremendously in his company’s barnstorming campaign of Delaware town meetings and radio appearances to capture what he had reason to believe would be the first offshore-wind project in the country’s history.

These features were, unsurprisingly, manifestations of Mandelstam himself, who arrived in a suit and tie, a wry smile, his wiry hair parted in the middle and tamped down like someone who had made a smooth transition from a Don Martin cartoon. Mandelstam, a 47-year-old native New Yorker who is capable of quoting Central European poets and oddball meteorological factoids with ease, had long committed himself — and the tiny company he formed in 1999 — to building utility-scale wind-power plants offshore, a decision that, to many wind-industry observers, seemed to fly in the face of common sense. Offshore marine construction was wildly, painfully expensive — like standing in a cold shower and ripping up stacks of thousand-dollar bills. The very laws for permitting and siting such projects had yet to be enacted. Indeed, the recent past was littered with failed offshore wind projects. Never mind that there were so many more opportunities in the continental United States to build land-based wind farms, which cost half as much as offshore projects. While wind-energy companies in Europe were moving offshore at great speed, neither Mandelstam nor anyone else had ever successfully built an offshore wind farm in the United States. Failed, stalled or delayed projects sounded like a catalog of coastal shipwrecks: Long Island, Padre Island, Cape Wind. Entrepreneurs, of course, need to anticipate the next market, but when it came to offshore wind, Mandelstam seemed too far ahead of the curve to ever succeed.

(Continued here.)

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