Want to make a small fortune in the offshore wind industry? Then start with a large one. In the absence of endless subsidies and guaranteed, fixed-price contracts (set at ludicrously high prices), the purported economic case for wind power never, ever stacks up. And the numbers are far worse out at sea. Take a machine … Continue reading Not For Profit: Offshore Wind Power Projects Wiped Out By Rising Costs
Category: Big wind industry
Blaze of Fury: Local Outrage Forces Government Backflip on Offshore Wind Turbine Plans
Whatever ‘social licence’ the wind industry had evaporated years ago; wrecked communities, wrecked environments and wrecked economies will do it every time. Sure enough, the usual ‘not in my back yard’ protester often takes the lead in opposition to another aggregation of these monstrosities. However, the arguments these days are broader and more to the … Continue reading Blaze of Fury: Local Outrage Forces Government Backflip on Offshore Wind Turbine Plans
Wind Industry’s Rotten Tale: A Story of Bribes and Underhand Dealings
Crony capitalism is mostly done undercover; only rarely does its insidious work bubble to be the surface. The wind industry isn’t the only business where cash for favours is the order of the day. But the wind industry is alone in its moralising, ‘shut up, we’re saving the world’ mantra. The narrative upon which it … Continue reading Wind Industry’s Rotten Tale: A Story of Bribes and Underhand Dealings
Offshore Freefall: Wind Industry Faces Economic Reality (And Doesn’t Like It)
Built on myth and lies and running on subsidies, the wind industry was never going to last. Set a false business narrative and, eventually, economic reality comes sweeping in like a Panzer division on steroids. Cheery propaganda does not always result in profits. Start with the story about wind power being the cheapest of all, … Continue reading Offshore Freefall: Wind Industry Faces Economic Reality (And Doesn’t Like It)
Talk’s Cheap: Wind & Solar The Most Expensive Power Sources
The only way wind and solar look cheap is by ignoring every associated cost attached to generating power using sunshine and breezes. For the last 20 years, the wind industry has presented numbers that never add up. Its accounting ‘methods’ include vastly overstating output (revenue) and grossly understating generating costs (including Operations and Maintenance) (expenses); … Continue reading Talk’s Cheap: Wind & Solar The Most Expensive Power Sources
Britain’s Wind Industry In Freefall: Rising Costs See More Major Projects Scrapped
The value of subsidies to wind power is falling, while the cost of erecting and operating these things has skyrocketed. The result is a complete collapse in wind power capacity investment in Britain, and elsewhere. The usual suspects are running a mile from projects that were (on paper) worth billions. While the wind industry pretends … Continue reading Britain’s Wind Industry In Freefall: Rising Costs See More Major Projects Scrapped
How 30,000 Industrial Wind Turbines Have Wrecked Germany’s Environment
Germany has been overrun with 30,000 giant industrial wind turbines and millions of solar panels. Its climate cult reckons that the wholesale environmental destruction wreaked so far is all about saving the planet. It’s an argument that holds all the logic of amputating an entire leg to prevent a septic toe from doing any further damage … Continue reading How 30,000 Industrial Wind Turbines Have Wrecked Germany’s Environment
Dead Man Walking: Global Wind Industry’s Prospects Have Never Looked So Bad
The wind industry’s glory days are long gone: investment has collapsed across Europe, turbine manufacturers are losing $billions and dozens of offshore projects have been scrapped in the last 12 months. Call us a tad cynical, but if you offer a product that can’t be delivered on demand (which, accordingly, has no commercial value) and … Continue reading Dead Man Walking: Global Wind Industry’s Prospects Have Never Looked So Bad
Pulping Fiction: Why The Wind & Solar Transition Ain’t Happening (Now or Ever)
Big claims and loose talk about the grand wind and solar energy ‘transition’ don’t make it so. And there is no shortage of either, with myth and mantra being the order of the day. Notwithstanding a staggering and rapid increase in the amount of money squandered on wind and solar, their relative contribution to world … Continue reading Pulping Fiction: Why The Wind & Solar Transition Ain’t Happening (Now or Ever)
Bubble Bursts: Rising Costs Mean More Massive Offshore Wind Projects Scrapped
The spiralling cost of erecting ever-larger turbines at sea is matched by the spiralling costs of the raw inputs needed for the turbines themselves, which means the offshore wind power bubble has truly burst. The Sweden’s Vattenfall has just scotched a massive project proposed off the coast of Norfolk, moaning about rocketing turbine manufacturing and … Continue reading Bubble Bursts: Rising Costs Mean More Massive Offshore Wind Projects Scrapped
