Burning Cash: (Occasional) Offshore Wind Power More Than Six Times Cost of (Constant) Gas-Fired Power

The true cost of wind power is staggering – the cost of offshore wind power is astronomical: the latter is more than six times the cost of gas-fired power. The operating cost of maintaining any industrial machine in a marine environment starts out high and only increases over time, thanks to the corrosive power of […]

Transmission Break: Frequently Faulty Cables Costing Offshore Wind Power Generators Hundreds of $Millions

Turns out offshore wind power is more financial heartbreak than cash cow. Thanks to the phenomenal cost of repairing its undersea cables, Denmark’s Orsted is literally bleeding cash. The cost of fixing faulty cables connecting their turbines to each other and transmission facilities onshore is already in the hundreds of $millions, and set to rise […]

Burning Yen: Japanese Government Scraps Last Wind Turbines in Failed $580 Million Offshore Project

Apart from literally burning cash, there is no faster way to squander money than by piling it into an offshore wind power project. It’s hardly news that the true cost of generating electricity using wind power is staggering; the cost of doing so offshore is astronomical. But don’t take our word for it, the Japanese […]

Boris Blown Away: True Cost of PM’s Offshore Wind Power Plan is Absolutely Staggering

A MW of intermittent offshore wind power capacity costs up to 17 times the cost of a thoroughly reliable MW of gas-fired power generation. And, whereas, the latter is available around-the-clock, the former is available when Mother Nature deems fit. And she tends to be a temperamental, old cow. One particular wheeze among Britain’s renewable […]