The truth about the great wind power fraud
Back in 1983 the American Wind Industry Association claimed that solar and wind would be “competitive and self-supporting on a national level by the end of the decade if assisted by tax credits and augmented by federally sponsored R&D”. That was 39 years ago. Over that span of time, there has been no lack of […]
Wind and solar subsidies were designed to undermine the owners of reliable power generation plants, making them uncompetitive in the first instance and ultimately putting them out of business. The problem with that model, though, is that once-reliable generators are knocked off the grid, power consumers are then forced to pay the full price of […]
Profiteering wind and solar rent-seekers have only one real fear in the electricity market: actual competition. Claims from renewable energy profiteers that wind and solar are truly competitive with nuclear, coal or gas evaporate the instant policymakers start talking about removing subsidies to wind and solar. Back in 1983 the American Wind Industry Association claimed […]
One thing you’ll never, ever hear from the crony capitalists profiting from wind and solar is a call to cut the subsidies that sustain them. Remarkably, whether in Germany, Australia, the States or Europe renewables rent seekers all speak the same language. When talk turns to subsidies, you’ll only ever hear words like ‘more’. Challenge […]
The so-called wind and solar ‘industries’ will last for as long as the subsidies keep flowing, and not one second more. Every time the subsidy reins get tightened, the rent seekers howl, claiming that they need them to run for just that little bit longer. Notwithstanding repeatedly crowing about wind and solar already being cheaper […]
As soon as the subsidies for wind and solar dry up, so does the investment in generating capacity, proving the point that neither wind nor solar can survive for very long without guaranteed, government-mandated support; whether in the form of Production Tax Credits, Renewable Energy Certificates or penalties and fines laid on retailers if they […]
Back in 1983 the American Wind Industry Association claimed that solar and wind would be “competitive and self-supporting on a national level by the end of the decade if assisted by tax credits and augmented by federally sponsored R&D”. That was over 37 years ago. And there was no lack of assistance in the form […]
Identifying the full value of subsidies to wind and solar, has been like a game of hide and seek. Whether it’s renewable energy certificates, production tax credits, preferential access to the power grid, over-the-market government guaranteed contracts, or the hidden costs of the cash penalties attached to government mandates and targets, the wind and solar […]
One thing you’ll never, ever hear from wind power outfits is a call to cut the subsidies that sustain them. Remarkably, whether in Germany, Australia, Ontario or Texas, renewables rent seekers all speak the same language. When talk turns to subsidies, you’ll only ever hear words like ‘more’. Challenge them about their nonsensical claims that […]
Warren Buffett said: “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 subsidies are the only reason anyone invests in these things. Buffett might be an opportunistic profiteer, but at least […]
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