European Wind Power Outfits Reduced to ‘Subsidy Beggars’

subsidies

At the risk of sounding like a broken record, we’ve said it before, and we’ll keep saying it – the wind industry exists – and ONLY exists – for one single purpose: to wallow in a massive subsidy stream that – in order to keep this monstrous Ponzi scheme alive – will need to outlast religion:

The Wind Industry: Always and Everywhere the Result of Massive & Endless Subsidies (Part 1)

The Wind Industry: Always and Everywhere the Result of Massive & Endless Subsidies (Part 2)

The ‘product’ has no commercial value, apart from the subsidies that it generates – hence British Bankers baulking at lending to wind power outfits there:

Banks Baulk at Lending to Wind Power Outfits as Brits Slash Subsidies & Communities Fight Back

With European power consumers sick and tired of escalating power bills; and rural communities just plain furious about these things being speared into their backyards, governments from Germany, Spain, Finland and Britain have slashed wind power subsidies – or are on the brink of doing so.

All to the horror of those profiting from the greatest economic and environmental fraud of all time. Here’s another tale of how the wind industry has been reduced to that status of ‘Subsidy Beggars’.

Renewable industry seeks EU investment protection
Wind Power Monthly
Susanna Ala-Kurikka
24 September 2015

EUROPE: The European Wind Energy Association (EWEA) has joined renewable energy industry groups calling on the European Commission to protect against sudden subsidy cuts.

They are asking for a legal instrument to provide investment protection against sudden subsidy cuts.

The commission’s financial department is currently considering setting up an arbitration mechanism for resolving investment disputes at EU-level. This would replace bilateral investment protection treaties struck mainly between EU members and then candidate countries in central and eastern Europe in the 1990s.

An EU arbitration mechanism could be used by the renewables sector to seek compensation for the effects of retroactive subsidy changes. Such changes in several member states have undermined investor confidence and projects’ viability, the industry said in a letter sent to the commission.

According to the letter, renewable energy investment in Europe has almost halved in the past four years, from $120 billion in 2011 to $65 billion in 2014.

In the absence of EU safeguards, renewables investors have to date taken legal action against subsidy changes at national level or through international arbitration, industry associations representing the main renewable energy sources said in a letter to the commission on Tuesday.

There are currently 15 cases pending against Spain’s subsidy cuts under the international Energy Charter Treaty.

The commission is currently in talks with member states about a new climate governance framework to guarantee the achievement of the EU’s 27% renewable energy target by 2030. EU leaders in October agreed that the target should be binding at EU level but not divided into national targets as is the case currently.
Wind Power Monthly

oliver

The wind industry: another with the shameless
audacity to keep on asking for ‘more’ …

About stopthesethings

We are a group of citizens concerned about the rapid spread of industrial wind power generation installations across Australia.

Comments

  1. I thought my question was pretty clear but since you insist I will rephrase it.

    How much subsidies goes to oil and gas that is pumped out of the ground? How much public money does nuclear energy get? How does that compare with the subsidies for solar and wind energy? I really can’t ask it any simpler.

    Since you seem to be the expert on subsidies, I guess it will be pretty simple for you to provide these 3 (or 4) numbers, for the UK to start with.

    • Have you read each and every link? We doubt it.

      Here’s another for you to ignore, it deals with renewable subsidies in the UK:
      https://stopthesethings.com/2015/03/21/how-wind-power-subsidies-destroy-both-electricity-markets-economies/

      • Thank you for answering my question. Since your links are only to your own articles, and you are unable or unwilling to provide any numbers, your answer reads as a clear “no, we haven’t made such a comparison”. And since you don’t want or can not make a simple comparison, your arguments are, well, as meaningless as a breath of wind.

      • Michael, your glib comment simply confirms what we suspected. You clearly did not read any of the links we offered to you. The last of which was not to an article authored by us, but a learned paper by a leading British energy market economist, Rupert Darwall. Had you read it (and, perhaps even understood it), you would be well on your way to an educated position regarding wind power. The ‘comparison’ you seek is a nonsense. Base-load power (you will need to Google that, we expect) has a value which cannot be compared to a wholly weather dependent system, wind power. Until you’ve figured that much out, you are simply posturing in cyberspace.

  2. STT, your stamina is just outstanding. Thanks for supporting the world communities with this …….. mess. You are truly in it for the right reasons, Do No Harm, being of the utmost 1st concern to all the Brave Warriors that were forced, by their own consciousness’, as Peers of our world, to expose the outrageous practices of the Wind Industry. I Applaud you with the greatest of respect. Thank You for giving these extraordinary people a place to voice their truths with facts.

    *European Wind Power Outfits Reduced to ‘Subsidy Beggars’*

    Beggars can’t be Choosers ….. An Old Ancient Worldly Proverb? or ….. is that an Old Ancient Chinese Proverb? I just don’t know STT … but I think it fits.

  3. How much subsidies do carbohydrates get? And how much public money is spend on nuclear energy? How does that compare with renewables?

  4. I will be very excited when the investment for corrupt fans reaches $0.00. Then we will be able to start to get this great nation back on track. I hope you Mr Turn-bull are reading and listening to the true facts about this corrupt wind industry.

  5. Michael Crawford says:

    Governments make changes to economic conditions all the time with adverse effects on someone, for instance removing tariffs.

    When they introduced the renewable energy stupidity and started forcing up power prices it undermined prior investment decisions by many other businesses, not to mention the harm to the lives of consumers who have had to pay those prices. There was no compensation for everyone else.

    But the wind farm scammers think they deserve special treatment to support their parasitic ways. Bludgers, every one of them.

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