The laws of economics don’t discriminate: where the costs of any venture outweigh its benefits, investors stay at home. Originally lured with the meme about wind power being free, and getting cheaper all the time, plenty of hopefuls poured cash into wind power outfits like NextEra, Avangrid and turbine manufacturers like Siemens. Lately, however, the … Continue reading Forever Cancelled: Escalating Costs Crippling Giant Offshore Wind Power Projects
Tag: Offshore wind power projects cancelled
‘Green’ Energy Nirvana Collides With Brutal Reality: Wind & Solar Are Pointless
The world runs on luck and credit. The wind and solar ‘industries’ are running out of both. What might have sounded a little hopeful 20 years ago, sounds utterly ridiculous today. Talk about an all-wind and sun-powered future these days smacks of a mixture of delusion and desperation. Wind turbine manufacturers are bleeding cash, with … Continue reading ‘Green’ Energy Nirvana Collides With Brutal Reality: Wind & Solar Are Pointless