Here’s everything you wanted to know about offshore wind power, and it’s all bad. The cost of generating occasional electricity offshore is positively insane, and getting worse. And that’s just to focus on the economics. Then there’s the mounting and irreparable environmental harm - ecologically destructive and deadly to marine mammals, as well as fishing … Continue reading Total Disaster: Why Offshore Wind Power Is So Costly & Environmentally Destructive
Tag: Offshore wind power maintenance costs
Floating Wrecks: Perpetually Failing Siemens Offshore Wind Turbines Practically Uninsurable
The wind industry’s sudden implosion saw Siemens suffer a €5.8 billion ($6.3 billion) market value write-down in a single day in June, followed by another 40% write-down in October - slashing a further €3 billion ($3.16 billion) off its market value, following revelations by Siemens that it was demanding billions in government-backed guarantees from the … Continue reading Floating Wrecks: Perpetually Failing Siemens Offshore Wind Turbines Practically Uninsurable
Crashed & Burned: Soaring Construction & Maintenance Costs Make Offshore Wind Power Projects ‘Unbackable’
The wind industry is moaning about the soaring cost of spearing these things into the seafloor, miles offshore. Rent-seekers are backing away from dozens of touted projects - as if they’d never thought about the insane costs and low energy returns. Any seafaring soul could have easily explained that the operating cost of maintaining any … Continue reading Crashed & Burned: Soaring Construction & Maintenance Costs Make Offshore Wind Power Projects ‘Unbackable’
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