For more than a decade, acolytes and crony capitalists have run the story that offshore wind power is free, and getting cheaper all the time. However, the reality doesn’t match the rhetoric. In the UK, offshore outfits refused to bid at the figures offered by government in the auction by which future (guaranteed) contract prices … Continue reading Latest Audacious Subsidy Grab Proves Offshore Wind Most Expensive Of All
Tag: Britain’s offshore wind power costs
No Bid: Offshore Wind Power Now So Expensive It Can’t Find Buyers
So much for all the cheap talk about wind power being cheap. Offshore wind power is so expensive it can’t attract a buyer. In the UK, the last round of the government’s annual auction - which awards 15-year contracts to wind and solar generators, taking their occasional produce at a set price - did not … Continue reading No Bid: Offshore Wind Power Now So Expensive It Can’t Find Buyers
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
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