Could You Retire on a Single AI Stock (Trading for Only $15)?

Imagine what the perfect AI stock would look like...forefront of AI trend...virtual monopoly in its market... exempt from federal taxes. As you're about to see, this perfect AI stock does exist, and is currently trading for only $15. With just one investment, you could potentially set yourself up for massive financial gains.

Another New Jersey offshore wind project runs into turbulence as Leading Light seeks pause

WAYNE PARRY
September 03, 2024

Another offshore wind project in New Jersey is encountering turbulence.

Leading Light Wind is asking the New Jersey Board of Public Utilities to give it a pause through late December on its plan to build an offshore wind farm off the coast of Long Beach Island.

In a filing with the utilities board made in July but not posted on the board's web site until Tuesday, the company said it has had difficulty securing a manufacturer for turbine blades for the project and is currently without a supplier.

It asked the board to pause the project through Dec. 20 while a new source of blades is sought.

Wes Jacobs, the project director and vice president of Offshore Wind Development at Invenergy -- one of the project's partners -- said it is seeking to hit the pause button "in light of industry-wide shifts in market conditions."

It seeks more time for discussions with the board and supply chain partners, he said.

"As one of the largest American-led offshore wind projects in the country, we remain committed to delivering this critically important energy project, as well as its significant economic and environmental benefits, to the Garden State," he said in a statement Tuesday night.

The statement added that the company, during a pause, would continue moving its project ahead with such developmental activities as an "ongoing survey program and preparation of its construction and operations plan."

The request was hailed by opponents of offshore wind, who are particularly vocal in New Jersey.

"Yet another offshore wind developer is finding out for themselves that building massive power installations in the ocean is a fool's errand, especially off the coast of New Jersey," said Protect Our Coast NJ. "We hope Leading Light follows the example of Orsted and leaves New Jersey before any further degradation of the marine and coastal environment can take place."

Nearly a year ago, Danish wind energy giant Orsted scrapped two offshore wind farms planned off New Jersey's coast, saying they were no longer financially feasible to build.

Atlantic Shores, another project with preliminary approval in New Jersey, is seeking to rebid the financial terms of its project.

And opponents of offshore wind have seized on the disintegration of a wind turbine blade off Martha's Vineyard in Massachusetts in July that sent crumbled pieces of it washing ashore on the popular island vacation destination.

Leading Light was one of two projects chosen in January by the state utilities board. But just three weeks after that approval, one of three major turbine manufacturers, GE Vernova, said it would not announce the kind of turbine Invenergy planned to use in the Leading Light Project, according to the filing with the utilities board.

A turbine made by manufacturer Vestas was deemed unsuitable for the project, and the lone remaining manufacturer, Siemens Gamesa Renewable Energy, told Invenergy in June "that it was substantially increasing the cost of its turbine offering."

"As a result of these actions, Invenergy is currently without a viable turbine supplier," it wrote in its filing.

The project, from Chicago-based Invenergy and New York-based energyRE, would be built 40 miles (65 kilometers) off Long Beach Island and would consist of up to 100 turbines, enough to power 1 million homes.

New Jersey has become the epicenter of resident and political opposition to offshore wind, with numerous community groups and elected officials -- most of them Republicans -- saying the industry is harmful to the environment and inherently unprofitable.

Supporters, many of them Democrats, say that offshore wind is crucial to move the planet away from the burning of fossil fuels and the changing climate that results from it.

New Jersey has set ambitious goals to become the East Coast hub of the offshore wind industry. It built a manufacturing facility for wind turbine components in the southern part of the state to help achieve that aim.

___

Follow Wayne Parry on X at www.twitter.com/WayneParryAC

Continue Reading...

Popular

Senate panel OKs action against Steward Health Care CEO for defying subpoena

BOSTON (AP) — Members of a U.S. Senate committee looking into the bankruptcy of Steward Health Care adopted two resolutions Thursday designed to hold CEO Ralph de la Torre in contempt — one for civil enforcement and another for criminal contempt — for not testifying before the panel.

Longshoremen at key US ports threatening to strike over automation and pay

Determined to thwart the automating of their jobs, about 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation's cargo from ships.

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Biden says Fed made 'declaration of progress' with interest rate cut

WASHINGTON (AP) — President said Thursday the Federal Reserve's was “an important signal” that inflation has eased as he poked at Donald Trump's economic policies as a failure in the past and sure to “fail again” if revived.

Oil Surge Predicted...But Are You Ready? - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Mideast Tensions latest: Gold Apollo says a Budapest company made exploding pagers under its brand

Taiwanese company Gold Apollo said Wednesday that it authorized its brand on the but that another company based in Budapest manufactured them.

"E-AI 'Superconvergence'" Splitting America in Two - Ad

This country is already divided further than ever before. But one new technology being rolled out in an obscure South Carolina facility could throw gasoline on the fire. Ushering in a new era of "haves" and "have nots." Many will be left behind... But some could see life-changing wealth as they take advantage of this once-in-a-lifetime opportunity.

Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'

A mother has chosen to sell the Taylor Swift concert tickets she had bought as a birthday present for her daughter in response to the pop star's recent endorsement of Kamala Harris.

Why We Just Sold Half of Our Stocks - Ad

We've already sold all or part of 52 different stocks this year - more than any other period in our firms' history. That's because there are five cracks forming below this market that threaten us with a widespread collapse. We could see the market tumble by 50% and unemployment will triple.

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

Elon Musk humorously commented on the recent endorsement of Kamala Harris by George Bush Jr.-era former Vice President Dick Cheney.

Don't Buy Another Stock Until You See This - Ad

We face a widespread collapse unlike anything we've seen in our lifetimes. By taking 4 simple steps today you can stay safe from the coming catastrophe. Which is why I want to rush you my new book "Midnight in America" FOR FREE.

Radio Nikki: Haley launching a weekly SiriusXM radio talk show at least through January

NEW YORK (AP) — Former Republican Nikki Haley is launching her own radio talk show next week on SiriusXM that's set to air once a week at least through the inauguration of a new president.

Elon Musk Comments On Why They Want To Kill Trump, DeSantis Promises Florida's Own Probe

A second assassination attempt on Donald Trump was foiled by the U.S. Secret Service while he was golfing in Florida, with political figures from both parties condemning the incident and reaffirming the importance of denouncing political violence.

September 23 - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on September 23rd will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Elon Musk's SpaceX Launches 90th Mission In 2024, With Over A Third Of Launch Target Still To Go

Elon Musk's rocket manufacturing company SpaceX has launched its 90th launch mission for the year, the company said on Tuesday.

US widens indictment of Russians in 'WhisperGate' conspiracy to destroy Ukrainian and NATO systems

BALTIMORE (AP) — The U.S. Justice Department has widened its indictment of Russians in the so-called ‘WhisperGate’ malware attack aimed at destroying computer systems in Ukraine and 26 NATO allies including the United States.

4 Steps to Survive the Coming Market Crash - Ad

There are massive cracks forming right below the surface of our "shining city." These cracks are a symptom of a much bigger problem that threatens the very foundation of our country. Things are starting to unravel at a fast pace, as America sees worst economic hell our country has ever been in.

Consumer Tech News (Sep 8-Sep 14): Gaming Industry Biggies Facing Accusations For Decieving Players, Apple Launches iPhone 16 & More

The tech sector is facing weakness despite AI hype. Gaming companies face accusations of overspending, while Netflix's mobile gaming catalog hits 210M downloads. Microsoft's Xbox Game Pass overhaul impacts anticipated titles. DirecTV accuses Disney of bad faith negotiations.

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

DHL sues MyPillow, alleging company founded by Mike Lindell owes $800,000

MINNEAPOLIS (AP) — Package is suing MyPillow, alleging the company synonymous with its founder, chief pitchman and election denier Mike Lindell owes nearly $800,000 for unpaid bills.

Red Lobster exits Chapter 11 bankruptcy protection

Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection.

Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad

Quiet now! This governance token could be the sleeping giant of the crypto world... In the next bull market, this "DeFi 2.0" powerhouse might soar 10x... 50x... perhaps even 100x.

Giving away a fortune: What could Warren Buffett's adult children support?

OMAHA, Neb. (AP) — Warren Buffett's adult children — Susie, Howard and Peter Buffett — have long track records as philanthropists, giving away more than $15 billion of their dad's money through their foundations since 2006.

Google wins legal bid to overturn 1.5 billion euro antitrust fine in EU digital ad case

LONDON (AP) — Google won a court challenge on Wednesday against a 1.49 billion euro ($1.66 billion) European Union antitrust fine that targeted its online advertising business.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

SEC Approves Major Overhaul Of US Equity Markets, Largest Reform In Two Decades

The SEC unanimously votes to adopt new rules for pricing stocks under a penny, part of a larger market reform package. Changes aim to promote competition and reduce transaction costs.

Advisors Brace For Fed Rate Cuts: Shifting Bond Strategies To Balance Yield And Risk

Americans must adjust bond and income portfolios as Fed cuts rates. Advisors reassess fixed-income strategies amid varying market approaches.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

Nvidia, NetApp And 2 Other Stocks Executives Are Selling

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced.

Elon Musk: Without This Company, "Civilization Will Crumble" - Ad

Did you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip? Ex-Wall Street CEO Dylan Jovine calls this "the easiest windfall from the AI revolution." Even ChatGPT founder Sam Altman says AI depends on this company's work...

China's economy softens in August as Beijing continues to grapple with lagging demand

BEIJING (AP) — China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright priceactionea.net
Privacy Policy | Terms of Service