Want to make a small fortune in the offshore wind industry? Then start with a large one. In the absence of endless subsidies and guaranteed, fixed-price contracts (set at ludicrously high prices), the purported economic case for wind power never, ever stacks up. And the numbers are far worse out at sea. Take a machine … Continue reading Not For Profit: Offshore Wind Power Projects Wiped Out By Rising Costs
Tag: Offshore wind power operating costs
Cash Inferno: Offshore Wind Power Fastest Way to Squander Countless $Billions
In the absence of endless subsidies and guaranteed, fixed-price contracts (set at ludicrously high prices), the purported economic case for wind power never, ever stacks up. And the metrics are far worse out at sea. Notwithstanding the $billions in subsidies - gouged from taxpayers and/or lumped on power consumers’ crushing power bills - proposed projects … Continue reading Cash Inferno: Offshore Wind Power Fastest Way to Squander Countless $Billions
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
Danes Dissemble: Offshore Wind Farm Operator Covers Up Cause of Long-Term Shut Down
The wind industry was built on lies and myth and runs on subsidies. So, if you’re looking for a straight answer, don’t bother quizzing a wind farm operator. Sure, the usual corporate PR spin can be expected from any commercial outfit. But, as David Collins is quickly learning, if you’re trying to elicit information from … Continue reading Danes Dissemble: Offshore Wind Farm Operator Covers Up Cause of Long-Term Shut Down
Burning Cash: (Occasional) Offshore Wind Power More Than Six Times Cost of (Constant) Gas-Fired Power
The true cost of wind power is staggering - the cost of offshore wind power is astronomical: the latter is more than six times the cost of gas-fired power. The operating cost of maintaining any industrial machine in a marine environment starts out high and only increases over time, thanks to the corrosive power of … Continue reading Burning Cash: (Occasional) Offshore Wind Power More Than Six Times Cost of (Constant) Gas-Fired Power
Burning Yen: Japanese Government Scraps Last Wind Turbines in Failed $580 Million Offshore Project
Apart from literally burning cash, there is no faster way to squander money than by piling it into an offshore wind power project. It's hardly news that the true cost of generating electricity using wind power is staggering; the cost of doing so offshore is astronomical. But don’t take our word for it, the Japanese … Continue reading Burning Yen: Japanese Government Scraps Last Wind Turbines in Failed $580 Million Offshore Project
Starry-Eyed Dreams v Economic Reality: Why The Wind Industry’s Numbers Can Never Stack Up
Take away the massive subsidies, guaranteed fixed price contracts, soft loans, mandated targets, etc and the wind industry would disappear in a heartbeat. Those matters, all the product of meddling governments, are the only reason we are having this discussion, at all. After 30 years and hundreds of billions of dollars in subsidies - redirected … Continue reading Starry-Eyed Dreams v Economic Reality: Why The Wind Industry’s Numbers Can Never Stack Up
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