Europe’s great wind drought continues, unabated. Adding to the wind industry’s woes, its claims that offshore wind power is ‘free’ and getting cheaper all the time have been totally torched - again. Over the last two years, Andrew Montford has been keeping a close eye on the financial reports produced by the UK’s offshore wind … Continue reading Totally Torched: Low-Cost Offshore Wind Power Claims Go Up In Smoke
Tag: Offshore wind power capital cost
Bloody Expensive: Counting Staggering True Cost of Worthless Wind Power
Wind power has no economic value simply because it cannot be delivered as and when power consumers need it. Hence the massive and seemingly endless subsidies to a power source which is meaningless and, accordingly, worthless. In the absence of subsidies, there would be no wind industry, at all. But worthless does not mean ‘cheap’ … Continue reading Bloody Expensive: Counting Staggering True Cost of Worthless Wind Power
No Free Lunch: The Truly Gobsmacking Cost of Generating Offshore Wind Power
Effervescent claims that offshore wind power is cheap have fallen flat. When the rising capital cost of taking wind turbines offshore is accounted for, the power that they occasionally generate turns out to be the most expensive electricity of all, and by a very substantial margin. A couple of years back in the UK, rent … Continue reading No Free Lunch: The Truly Gobsmacking Cost of Generating Offshore Wind Power