The truth about the great wind power fraud
An aggressive and ambitious Russian has caused policymakers to reflect on the debacle that is subsidised wind and solar. National security is now taken to equate with energy security; a chap with an insatiable thirst for power has revealed what Europe’s renewable energy transition will ultimately mean for those still pretending an all wind and […]
Add ‘wind’, ‘solar’ or ‘renewable’ to a financial asset and you’ll soon have a line of suckers between here and the horizon. The canny investor knows that, if it’s too good to be true, it is. However, that doesn’t curb the enthusiasm of those eager to take your money and run. Not that the habit […]
The so-called wind and solar ‘industries’ will last for as long as the subsidies keep flowing, and not one second more. Every time the subsidy reins get tightened, the rent seekers howl, claiming that they need them to run for just that little bit longer. Notwithstanding repeatedly crowing about wind and solar already being cheaper […]
Desperate times, call for desperate measures and there’s no group more desperate than the wind and solar ‘industries’. With the global economy in meltdown – thanks to crippling and seemingly interminable coronavirus lockdowns – investment in the unreliables has plummeted. In the USA, the wind and solar sector lost 106,000 jobs in March, with many […]
US taxpayers are on the hook for hundreds of $millions following the spectacular financial collapse of the world’s biggest solar-thermal power plant, Crescent Dunes, situated in the Nevada desert, north-west of Las Vegas. South Australians (victims of their government’s obsession with chaotically intermittent wind and solar) can count themselves lucky that they didn’t end […]
The hopes of renewable energy investors depend on subsidies to wind and solar lasting forever. Sadly, for those with skin in the game, the longevity of the subsidies, targets, mandates, penalties and fines – that make intermittent wind and solar profitable – are limited. The idea was, of course, that after a decade or so […]
The wind and solar ‘industries’ are a pair that can’t survive without massive and endless subsidies, which means their days are numbered. Their ultimate demise is a matter of when, not if. The wind back in subsidies across Europe has all but destroyed the wind industry: in Germany this year a trifling 60 onshore wind turbines […]
Like a bride jilted at the altar, the wind and solar ‘industries’ are moaning about what could have been. Plenty of RE zealots managed to convince themselves that these so-called ‘industries’ were actually sustainable; that the subsidies that created them would ultimately prove unnecessary, or if not, taxpayers and power consumers would merrily pay […]
Death and taxes are certainties, so is the fact that wind and solar investment disappears just as soon the subsidies are cut. Without massive (and seemingly endless) subsidies we wouldn’t be having this conversation: there would have been no such thing as wind and solar power, on any scale, or at all. Twelve countries in […]
Wind and solar don’t compete with coal-fired power; never have, never will. You see, ‘competition’ involves starting from the same position, running the same race, over the same distance, without respite, laydown or let up. Calm weather and sunset don’t trouble coal-fired power plants (or gas or nuclear, for that matter). But the same can’t […]
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