The truth about the great wind power fraud
**** A week or so back, Tony Abbott’s Coalition struck a deal with Labor involving a $46 billion electricity tax aimed at salvaging what’s left of Australia’s wind industry (see our post here). The ‘deal’ – which has passed the House of Reps – and is on its way to the Senate – is seen […]
**** A week or so back, Tony Abbott’s Coalition struck a deal with Labor involving a $46 billion electricity tax aimed at salvaging what’s left of Australia’s wind industry (see our post here). The ‘deal’ – which has passed the House of Reps – and is on its way to the Senate – is seen […]
**** 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 […]
**** 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 […]
**** In recent times – with the wind industry taking a belting around the planet – its spruikers have taken to clinging to any vestige of hope, with the anxious zeal of shipwreck survivors happening upon a little fortuitous flotsam. One such “hope”, is their belief that China provides the perfect example of what wind […]
**** 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 […]
**** Wind industry front men, Ian “Macca” Macfarlane and, his youthful ward, young Gregory Hunt are out to defy all-comers: the Liberal’s core constituency (of conservative voters); their colleagues, Joe Hockey and Mathias Cormann; boss, Tony Abbott; and political, economic and environmental common sense – as they pump up a deal with Labor to salvage […]
**** 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 […]
**** The “debate” about the Large-Scale Renewable Energy Target continues to rage in Canberra, where the rent-seekers’ game of “save the LRET at all costs” has been driven by the increasingly panicked and apoplectic rantings of Miles George and Kane Thornton. Miles heads up near-bankrupt wind power outfit Infigen (aka Babcock & Brown) and, to […]
Australia’s Energy Minister, Ian “Macca” Macfarlane and his youthful ward, Environment Minister, Greg Hunt are the flies in the Coalition’s political ointment, when it comes to engineering anything like a sensible policy on energy. Both Macfarlane’s and Hunt’s offices are filled with wind industry plants and stooges, like Hunt’s senior adviser, Patrick Gibbons. Patrick […]
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