The wholesale collapse of Europe’s wind industry suggests that so-called ‘sustainable’ energy ain’t so sustainable, after all. Big turbine manufacturers are sacking workers in droves, watching their share prices plummet and pulling out all stops to stave off bankruptcy. Accumulating hundreds of €millions in losses, turbine maker Senvion entered into self-administered bankruptcy/liquidation in April. Danish … Continue reading It’s-A-Knockout: European Wind Industry’s Total Collapse: Firms Bankrupt & Thousands Sacked
Category: ending renewable energy subsidies
Wicked Waste: Voter Fury At The Staggering & Mounting Cost of Australia’s Wind & Solar Subsidies
By throwing another lazy $billion dollars at intermittent wind and solar, PM Scott Morrison has not only lost the constituency that voted for him, he’s lost the plot. 20 years ago, Australians enjoyed the cheapest power in the world; now they the prices they suffer are up there with the world’s most expensive. All … Continue reading Wicked Waste: Voter Fury At The Staggering & Mounting Cost of Australia’s Wind & Solar Subsidies
Forgotten People: New Wind & Solar Slush Fund Shows PM’s Contempt for Quiet Australians
The great unwashed in Australia’s suburbs and regions worked out long ago that heavily subsidised and chaotically intermittent wind and solar represent a problem, rather than a solution. Watching their power prices go through the roof, with much worse to come, the ambitious working classes were clearly none too keen on suffering more of … Continue reading Forgotten People: New Wind & Solar Slush Fund Shows PM’s Contempt for Quiet Australians
Colossal Collapse: Wind & Solar Investment Plummets as Subsidies Subside
In the absence of endless subsidies, the wind and solar ‘industries’ would disappear in a heartbeat, which is precisely how things are panning out for renewable rent seekers in Australia. The idea that there is a natural market for electricity that can’t be delivered as and when it’s needed, is pure nonsense: hence the massive … Continue reading Colossal Collapse: Wind & Solar Investment Plummets as Subsidies Subside
Reboot Required: Fixing Wind & Solar Debacle Means Winding the Clock Back 30 Years
Lamenting their rocketing power bills and dreading mass blackouts this coming summer, Australians can be forgiven for their sense of despair. Australians once enjoyed the world’s cheapest power, reliably delivered, just like running water. No one talked about their power bills at backyard barbecues, or kept promising themselves that must have diesel generator to keep … Continue reading Reboot Required: Fixing Wind & Solar Debacle Means Winding the Clock Back 30 Years
Policy Burn Out: Rocketing Power Prices Product of Government Obsession with Unreliable Wind & Solar
“The most terrifying words in the English language are: I’m from the government and I’m here to help”. So said Ronald Reagan, the folksy and affable 40th President of the USA. And, so it’s been with energy policy in the USA, Australia, Europe and dozens of other places where lobbyists took control of politicians and … Continue reading Policy Burn Out: Rocketing Power Prices Product of Government Obsession with Unreliable Wind & Solar
Renewable Energy Armageddon: Australia’s Self-Inflicted Power Pricing & Supply Calamity
Chaotically intermittent and heavily subsidised wind and solar are at the heart of Australia’s power pricing and supply calamity. Like a runaway train, the disaster is unfolding before the passengers' very eyes, with state and federal politicians apparently incapable of bringing the disaster to a halt and ever-present rent seekers throwing the throttle wide open. … Continue reading Renewable Energy Armageddon: Australia’s Self-Inflicted Power Pricing & Supply Calamity
Full Steam Ahead: China’s Coal-Fired Power Surge Continues At Full-Tilt
Cut the subsidies and the wind and solar ‘industries’ would disappear overnight. That’s the lesson being delivered across the globe, as investment in new wind and solar capacity plummets. Nowhere has the collapse been more prominent than in China. Which is at odds with the meme that’s been run by renewable energy zealots for years … Continue reading Full Steam Ahead: China’s Coal-Fired Power Surge Continues At Full-Tilt
Die Already: When Will the Wind and Solar ‘Industries’ Finally Collapse?
The wind and solar ‘industries’ are a pair that can’t survive without massive and endless subsidies, which means their days are numbered. Their ultimate demise is a matter of when, not if. The wind back in subsidies across Europe has all but destroyed the wind industry: in Germany this year a trifling 60 onshore wind turbines … Continue reading Die Already: When Will the Wind and Solar ‘Industries’ Finally Collapse?
End Game: Subsidy Wind Down Heralds Collapse in Wind & Solar Investment
Wind and solar power are always and everywhere the product of massive (and seemingly) endless subsidies. Except, there is an end. There always is. Australia’s Large-Scale Renewable Energy Target expires in December 2030. The 33,000 GWh annual target was meant to be reached with a surge in wind and large-scale solar capacity by 2020, but … Continue reading End Game: Subsidy Wind Down Heralds Collapse in Wind & Solar Investment
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