When the most heavily subsidised industry on earth can’t make it pay, you know the economics must really stink. Denmark’s Ørsted share price plummeted 25% late last year, and after slashing dividends to shareholders was forced to write $billions off the projected value of its US offshore projects, and its share price is still heading south. Exhibiting … Continue reading Orsted’s Financial Collapse Spells Armageddon For US Offshore Wind Industry
Category: Economics
Wind & Solar ‘Transition’ Perfectly Engineered For Ultimate (Costly) Failure
Once ideologues replaced engineers, reliable and affordable electricity supplies were doomed. It began 20 years ago, with massive subsidies for the occasional production of electricity using wind turbines and solar panels. There was no shortage of perfectly reliable electricity at the time. Back then, electricity was not only reliably delivered on demand, it was cheap. … Continue reading Wind & Solar ‘Transition’ Perfectly Engineered For Ultimate (Costly) Failure
Tap Into Weather-Dependent Wind & Solar: Get Ready For Punishing Power Bills
Being pounded with 20% increases in power bills, year after year, is all part of the grand wind and solar transition. Every single country that’s tapped into subsidised wind and solar has seen retail power prices rocket - no exceptions. It’s one case where whatever goes up, never comes down. The promise of cheap electricity … Continue reading Tap Into Weather-Dependent Wind & Solar: Get Ready For Punishing Power Bills
Rising Power Costs Driven By Democrat’s Subsidised Wind & Solar Obsession
Consumers inevitably pay more for power when wind and solar obsessed Democrats are in charge of energy policy. Every country that’s dialled up wind and solar is suffering from rocketing power prices. Across the USA the data is in, proving just that point - on a state-by-state basis. The lucky residents of Republican Red States … Continue reading Rising Power Costs Driven By Democrat’s Subsidised Wind & Solar Obsession
Unions Backing Sinking Solar & Wind Playing Russian Roulette With Retirement Savings
Clever investors have already pulled their cash out of wind and solar outfits, as projects get scrapped and turbine and panel makers lose $billions. A complete Enron-style collapse is on the cards. Companies like Shell are walking away from multi-billion-dollar projects, big players like Orsted, Vestas and Siemens Gamesa are in structural financial crisis - … Continue reading Unions Backing Sinking Solar & Wind Playing Russian Roulette With Retirement Savings
Enron All Over Again: Wind & Solar Industries Become Total Financial Train Wrecks
Ponzi schemes last only as long as their creators can draw in fresh suckers. The wind and solar industries are fast running out of suckers. America’s Enron set the standards early, parading manufactured financial statements that never reflected the fact that Enron was a worthless house of cards. Gullible investors kept piling in, which helped … Continue reading Enron All Over Again: Wind & Solar Industries Become Total Financial Train Wrecks
Rent-Seekers Retreat: Grand Wind & Solar Transition Faces Total Collapse
The smart money is banking on the wind and solar industries’ total collapse; the smartest money was never invested in the greatest Ponzi scheme of all time. With subsidised wind and solar looking more like a house of cards, dozens of grand standing projects are being unceremoniously dumped. The potential investors targeted by their proponents … Continue reading Rent-Seekers Retreat: Grand Wind & Solar Transition Faces Total Collapse
Retrograde Renewables: Wind & Solar Transition Means Return to Pre-Industrial Age
Wind and solar are hopelessly unreliable and intermittent, and wild promises of grid-scale storage of wind and solar are a cruel hoax. Dilute and diffuse, no modern economy has powered itself using sunshine and breezes, no country worth its salt, ever will. The wind and sun cult tries to ignore the fact that the story … Continue reading Retrograde Renewables: Wind & Solar Transition Means Return to Pre-Industrial Age
Suicidal Tendencies: Wind & Solar Obsession Destroys Australia’s Economic Future
A little over 20 years ago, Australia plugged in to the wind and solar transition with the Federal government’s Renewable Energy Target. As they say, ‘sow the wind, and reap the whirlwind’. Australia’s once reliable and affordable power supplies are long gone, replaced by heavily subsidised, intermittent and costly wind and solar, backed up by … Continue reading Suicidal Tendencies: Wind & Solar Obsession Destroys Australia’s Economic Future
Costs Blowout: Rocketing Power Prices Keep Proving Wind & Solar Most Expensive
Households and businesses faced with crippling power bills are just another bad optic for renewable energy rent seekers. The political support upon which the seemingly endless flow of massive subsidies depends, in turn, depends on the proles’ attitude to those charged with delivering reliable and affordable power. Having just been whacked with 20-30% increases in … Continue reading Costs Blowout: Rocketing Power Prices Keep Proving Wind & Solar Most Expensive
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