**** In last night’s post we took a look at China’s wind power debacle, where grid operators are refusing to hook up wind farms to the grid – due the uneconomic cost of doing so in remote locations – with the result that more than 20% of its wind power capacity sits idle – and … Continue reading Origin’s Grant King Spells Out the Inevitable Demise of the LRET & the Wind Industry
Tag: cost of LRET
Wind Industry’s CO2 Abatement Claims Smashed by Top Physics Professor – Dr Joseph Wheatley
**** The mandatory RET has seen the cost of around $9 billion worth of Renewable Energy Certificates added to retail power prices and recovered from all Australian power consumers. Under the Large-Scale Renewable Energy Target, a further $45 to $55 billion will be transferred from power consumers to wind power outfits via the REC Tax/Subsidy … Continue reading Wind Industry’s CO2 Abatement Claims Smashed by Top Physics Professor – Dr Joseph Wheatley
2015: the Wind Industry’s ‘Annus Horribilis’; or Time to Sink the Boots In
**** Any 'business' model or industry that is built around endless streams of government mandated subsidies - like Australia's REC Tax/Subsidy or the US's Production Tax Credit - pins its hopes of long-term survival on the whims of our political betters, which tend to ebb and flow with the economics that dictate the fortunes of … Continue reading 2015: the Wind Industry’s ‘Annus Horribilis’; or Time to Sink the Boots In
Wind Industry Armageddon: Power Retailers Win Round One in Battle to Kill LRET
**** As STT has pointed out, just once or twice, the policy debacle that is the Large-Scale Renewable Energy Target (LRET) is completely unsustainable, on every level: economic, social and political. In the absence of the mandated subsidies (“the carrot”) directed to wind power outfits, and the mandated penalties (“the stick”) whacked on retailers under … Continue reading Wind Industry Armageddon: Power Retailers Win Round One in Battle to Kill LRET
US “Wind Power States” Pull the Plug on Massive Wind Power Subsidy Schemes
**** This time last year, we took a look at the States in the US where $billions filched from power consumers and taxpayers have been thrown at wind power outfits, as a massive, and seemingly endless, stream of subsidies; and the skyrocketing power prices that have been the result: Want skyrocketing power prices? Just add … Continue reading US “Wind Power States” Pull the Plug on Massive Wind Power Subsidy Schemes
How Wind Power Subsidies Destroy Both Electricity Markets & Economies
**** Around the globe, the wind industry behaves like an enormous, bloodsucking leech - latching onto power consumers and taxpayers; and ever ready to drain its hosts dry and leave nothing but empty shells behind. In Australia, those soon to be empty shells will include what’s left of our manufacturing industries; mineral processors and the … Continue reading How Wind Power Subsidies Destroy Both Electricity Markets & Economies
Bulgarian Blow-Up – Thousands in Power Price Protests see PM Lose Scalp & Wind Power Subsidies Slashed
Depriving ordinary people of something long considered a basic necessity of life, is one sure fire way to get their backs up. When that ‘necessity’ is something that people have rightly come to assume will always be available to them, at an affordable price, and the price suddenly escalates without reasonable explanation, confusion tends … Continue reading Bulgarian Blow-Up – Thousands in Power Price Protests see PM Lose Scalp & Wind Power Subsidies Slashed
Rearranging Deckchairs on the Titanic: or Ian Macfarlane’s Futile Efforts to Save the LRET & his mates at Infigen
**** For more than just a little while, STT has been pointing out that the Large-Scale Renewable Energy Target (LRET) is simply unsustainable - be that as a matter of simple economics; or as a cold, hard political fact. A couple of weeks back, we provided a very detailed analysis as to just why the … Continue reading Rearranging Deckchairs on the Titanic: or Ian Macfarlane’s Futile Efforts to Save the LRET & his mates at Infigen
Victoria’s Wind Rush sees 34,000 Households Chopped from the Power Grid
It took a while for Victoria to catch up with Australia’s wind power capital, South Australia when it comes to the roll-out of giant fans. Now, just like SA – the cost of doing so is hitting home – or rather tens of thousands of Victorian homes - with a vengeance. Soaring power costs leads … Continue reading Victoria’s Wind Rush sees 34,000 Households Chopped from the Power Grid
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