In the US the offshore wind industry is completely underwater, in every sense. The insane cost of attempting to (occasionally) generate electricity with no commercial value in hostile marine environments has finally caught up. Projects are being scrapped in the same way that punters rip up their betting slips when their long-shot nag fails to … Continue reading America’s Wind Industry Implodes: More Offshore Projects Scrapped
Tag: America offshore wind projects
No Upside: Wind Developers Pull Plug On Massive Offshore Projects Deemed ‘Uneconomic’
Some of America’s biggest planned offshore wind projects have recently been axed, with more to follow. Deemed ‘uneconomic’, potential investors and financiers are running a mile from what portend to be enormous white elephants. Where the true cost of onshore wind power is phenomenal, the cost of the offshore stuff is astronomical. Going offshore brings … Continue reading No Upside: Wind Developers Pull Plug On Massive Offshore Projects Deemed ‘Uneconomic’
Plain Stupid: The Only Thing Dumber Than Wind Power Is Offshore Wind Power
Wind power comes with a staggering price tag, taking these things out to sea sends those costs into orbit: intermittent offshore wind power is six times the cost of gas-fired power that's always available on demand. Placing giant industrial wind turbines miles offshore is costly enough, but the rising costs of attempting to maintain them … Continue reading Plain Stupid: The Only Thing Dumber Than Wind Power Is Offshore Wind Power
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