RE Rent Seekers Become Virus Victims: Wind & Solar Investment Collapses Post-Pandemic

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 […]

Sunset Industry: US Taxpayers Liable As Giant Solar-Thermal Power Plant (Crescent Dunes) Goes Bankrupt

  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 […]

Solar Eclipsed: Renewable Energy Investors Fret as Share Price Plummets

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 […]

Die Already: When Will the Wind and Solar ‘Industries’ Finally Collapse?

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 […]

Renewables ‘Transition’ Terminated: With Their Subsidies Slashed, the Honeymoon for Wind & Solar is Over

  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 […]

Game Over: Europe’s Great Renewables Rush Faces Armageddon

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 […]

Reality Bites: Cheap Coal-Fired Power Killing Dreams of Australian Wind & Solar ‘Nirvana’

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 […]

D-Day For Australia’s Energy Debacle: End of Bipartisan Support Means End for Wind & Solar

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 […]

Wind Power Subsidy Cuts Kill Thousands of Green Jobs: Siemens Sacks 6,000 Workers

The wind industry is little more than the most recent and elaborate effort to fleece gullible investors, in a list that dates back to “corporate investment classics”, like the South-Sea Bubble and Dutch tulip mania. In the wind industry, the scam is all about pitching bogus projected returns (based on overblown wind “forecasts”) (see our posts here and here and here and here); claiming that […]