The purpose of a power generation source is, funnily enough, to generate power as and when it’s needed, not merely to withstand the vagaries of the weather. Wind speeds barely need to reach gale force and these things go into automatic shutdown, as appears on German turbine maker, Siemen’s website – which has this to say … Continue reading Blown Away: Atlantic Hurricanes Threaten Total Offshore Wind Turbine Wipeout
Category: offshore wind power
Orsted’s Financial Collapse Spells Armageddon For US Offshore Wind Industry
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
Floating Wrecks: Perpetually Failing Siemens Offshore Wind Turbines Practically Uninsurable
The wind industry’s sudden implosion saw Siemens suffer a €5.8 billion ($6.3 billion) market value write-down in a single day in June, followed by another 40% write-down in October - slashing a further €3 billion ($3.16 billion) off its market value, following revelations by Siemens that it was demanding billions in government-backed guarantees from the … Continue reading Floating Wrecks: Perpetually Failing Siemens Offshore Wind Turbines Practically Uninsurable
Shipwrecked: America’s Offshore Wind Industry Being Crushed By Rising Construction Costs
2023 was the year when the offshore wind industry’s grand implosion began. Major investors bailed out as the insane cost of attempting to (occasionally) generate electricity with no commercial value in hostile marine environments began to bite. Dozens of projects have been scrapped and others are now highly doubtful. And for those wind power outfits … Continue reading Shipwrecked: America’s Offshore Wind Industry Being Crushed By Rising Construction Costs
China & India Reject West’s Suicidal Wind & Solar Obsession
While Europe, the UK, US and Australia are busily destroying their energy supplies, China and India are building coal-fired and nuclear power plants, hand over fist - providing reliable and cheap power to industry, businesses and households is central to their economic development. There was nothing sustainable about subsidised wind and solar. The sudden and … Continue reading China & India Reject West’s Suicidal Wind & Solar Obsession
Radar Alert: Offshore Wind Turbines Destroying Air & Sea Defence Systems
Offshore wind turbines are so good at wrecking radar defence systems, they look like active enemy espionage. Wind turbines standing on columns 100-150m or more above sea level, with the tips of their 50-80m blades clocking 350 kph play havoc with radar systems, giving false images and distorting real ones. The result is unnecessary danger … Continue reading Radar Alert: Offshore Wind Turbines Destroying Air & Sea Defence Systems
Floating Circus: Offshore Wind Industry’s Floating Turbine Plan Scoops Parody Award
The more desperate rent-seekers become, the sillier they sound. The latest plan to float 800 tonne turbines at sea sounds like parody in motion. Notwithstanding that the offshore wind industry can’t make a buck in shallow waters where their turbines are firmly connected to the ocean floor - dozens of grand offshore projects have been … Continue reading Floating Circus: Offshore Wind Industry’s Floating Turbine Plan Scoops Parody Award
US Government Sued For Concealing Wind Industry’s Wholesale Whale Slaughter
Courts have a tendency to get the unvarnished truth out, such as the US government’s cover-up of wind industry’s wholesale whale slaughter. Everyone expects the wind industry to lie - it’s in its interest to do so, indeed its very existence depends upon a series of falsehoods - but governments are usually held to slightly … Continue reading US Government Sued For Concealing Wind Industry’s Wholesale Whale Slaughter
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
Stand & Deliver: ‘Renewable’ Energy Rent-Seekers 21st Century Highwaymen
Wind and solar rent seekers have all the style and menacing panache of the 17th-century highwaymen. It takes real audacity to look your victims in the eye and demand even more subsidies on top of the obscene pile rent seekers have already drawn from taxpayers and power consumers. But these boys are dripping in audacity. … Continue reading Stand & Deliver: ‘Renewable’ Energy Rent-Seekers 21st Century Highwaymen
