Turbine Trouble: School Board’s Wind Turbine ‘Investment’ Ends in Financial Disaster

  As Warren Buffett put it: “We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.” Buffett might have continued, that it’s the only reason anyone invests in them. Apart from the subsidies they attract, wind turbines […]

Share Prices Plummet: Market Punishes Wind Power Outfits For Over-Blown Output Forecasts

The wind industry is built on lies and runs on subsidies, so it’s no surprise that the market has taken revenge on wind power outfits pitching up overblown output forecasts. One of them, Orsted (part owned by the Danish government) has seen its share price slashed, as investors recognise that they’ve been had. The knock-on […]

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 […]