Want to make a small fortune? Then take a large one and put it into offshore wind power. The costs of generating sporadic electricity using wind are staggering; doing so offshore makes them astronomical.
And, it seems, the bigger the boondoggle, the more costly it becomes for the unwitting taxpayers, who are always left to pick up the monstrous bill.
The team from Jo Nova report below on work carried out by the Global Warming Policy Foundation that concludes the world’s largest offshore wind farm will soon become the world’s largest white elephant.
Dogger Bank wind farm: Big, New, and essentially worthless, with a value like minus £1 billion
Jo Nova Blog
Jo Nova
25 November 2021
Dogger Bank will become the World’s Largest Wind Farm and maybe the World’s largest white elephant too.
Despite years of research and hyperbole we can conclusively say that offshore wind is still a charity project, losing money from start to end. The GWPF highlights a new Norwegian report that shows that the Net Present Value of Dogger Bank is “minus £970 million.”
Britain’s biggest, newest offshore wind farm still isn’t profitable. It may be killing eagles and hypnotising crabs, but it isn’t cost effective at making energy, and it isn’t cost effective at changing the global weather either.
NetZeroWatch saw it all coming:
The report confirms a series of findings published by the GWPF and others [1–5], which show that offshore wind costs are very high, at best are only falling slowly, and are far above the auction strike prices being agreed.
Andrew Montford, Deputy Director of Net Zero Watch said:
“We have been warning since 2017 that there has been no revolution in offshore wind costs. Every time we get new financial data from offshore wind farms, the cost estimates go up. Just this week, our estimates for the Seagreen 1 wind farm have increased by nearly 20%, and those for Dogger Bank by a similar amount.”
The Government’s Net Zero plans rely on a five-fold increase in the wind fleet, mostly from offshore developments, and an extraordinary decline in the cost of the power it produces.
The latest findings mean that the costs of delivering Net Zero will increase by hundreds of billions of pounds, and probably by trillions.
The wind might be free, but collecting it over vast kilometers of ocean is not so easy.
Jo Nova Blog
About stopthesethings
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Environmental impact of these developments are devastating!
See publications:
Professor Karl van Uighen, latest publication ‘Civil Engineering letters III: Embedded energy cost of Wind Turbines 2008-2017; Lifetime modelling’ University of Groningen, 2018
James.K.Mitchell – ‘Politics and Climate – five essays on subversion of public opinion by green interests’ Encante Press, LLC, 2016
D.M.Subramaman – ‘Impact of Wind Park development on Pokaran Salt Lake environment and loss of habitat’ – G- Journal of Environmental Science and Technology Q2 2005
https://gjestenv.com/index.php/gjest
Looks like one British Conservative MP has this green fantasy figured out:
https://www.conservativehome.com/thecolumnists/2021/12/john-redwood-the-uks-energy-policy-increasingly-looks-like-self-inflicted-harm-on-a-huge-scale.html
World’s Largest White Elephant IS solar modules,solar power system
Green elephants and technicolour rhinos.
Talk about charity, why are political parties classed as charities, other than to make taxpayers pay for their private decisions. Funny about that.
Anyone could think that those involved in RE financial accounting are just a bit mixed up.
As in public subsidy equals private profit.
There’s no ‘maybe’ about it. It doesn’t work, it can’t work, and never will work, regardless of how much money is thrown at it.
When social media has actors who make money reading from scripts leading public opinion, boy are we in trouble.
Duh! What’s not to understand?
Coal is also essentially “free” – it is in the ground ready to be dug up. OK, digging it up is not free but the energy yield vs energy cost is such that coal (and any so-called fossil fuel) is free. If the cost of harvesting energy is less than the energy yield, no subsidies are required – because profits can be made – oh! Those evil capitalists.