The truth about the great wind power fraud
As desperate as they are silly, Australia’s renewable energy rent-seekers and the zealots that do their bidding have called in an airstrike on their own position. Making nonsensical claims that adding even more heavily subsidised and chaotically intermittent wind and solar will lead to substantial reductions in retail power prices, has exposed these people for […]
*** While the short-term fortunes wind power outfits have never looked brighter, the fact that the price of RECs (aka LGCs) has recently gone through the roof is a signal that the game is all but up. Before we detail why the wind industry is on its last legs, we’ll start with a couple of […]
Renewables’ subsidies put sting into power bills The Australian Michael Owen 26 July 2016 Renewable energy output in Australia is subsidised by almost $3 billion a year, more than 19 times the amount for generation from fossil fuels, a report by an economic consultancy says. The report by Principal Economics found renewable energy subsidies added […]
STT has just gorged on two episodes of what is presented as well crafted drama, but which to STT followers will play out like a hard-hitting documentary. Australia’s SBS started screening ‘Follow the Money’ a couple of weeks ago, the plot-line for Episode 1 is described as follows: Mads, a police detective, is called out […]
**** Following up on Senator John Madigan’s brilliant exposé of criminal fraud and corruption in Australia’s wind industry, which we covered in this post: Pacific Hydro & Acciona’s Acoustic ‘Consultant’ Fakes ‘Compliance’ Reports for Non-Compliant Wind Farms Alan Jones went to town on his 2GB Breakfast Show that – some 2 million listeners tune in […]
**** Australia’s Labor Party – once, justifiably, called the worker’s party – has long since ceased being a voice for anything other than the corrupt bosses of the unions that fund it – via the $billions siphoned through Union Super Funds, like IFM Investors. IFM Investors is the outfit that used to own Pacific Hydro, […]
**** The wind industry in Australia is doomed. Australia’s commercial lending institutions know it (calling in their loans and refusing to lend for any new wind farms). And the wind industry knows it – hence the big players’ frantic efforts to ditch their wind farms, cut and run – although these fire sales are as […]
**** Last week saw some of the most bizarre “fun and games” ever seen before the Australian Senate, as the wind industry’s “friendlies” in the employ of the Government or its Agencies – such as the Clean Energy Regulator (CER), Clean Energy Finance Coporation (CEFC) and the NHMRC – were grilled over a range of […]
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