This might concern some people. But not me. Because I recently started the LR Sailcar Company. I see a bright future for my company in the UK. All I really need now is a piece of those government subsidies.
Posted on 10/10/2020 7:10:04 AM PDT by george76
Boris Johnson has declared that wind power is the future of Britain's energy ..
But an investigation has revealed turbine owners are being paid over the odds ..
Civil servants set subsidy rate so high it's been branded ‘licence to print money’..
A botched green scheme is paying wind turbine owners seven times the value of the electricity they generate – and it is set to cost UK consumers an estimated £1.4billion.
The Daily Mail can reveal the eyewatering fiasco in the week Boris Johnson declared that wind power was the future for the nation’s energy generation.
The scheme was set up to encourage homeowners to install a small windmill to supply their needs and feed into the electricity grid.
But blundering civil servants set a subsidy rate so high it has been branded ‘a licence to print money’.
Owners are guaranteed bonanza pots of cash for 20 years, and the scheme is so lucrative, it has triggered a gold rush among investors, including leading pension funds. ,
The farcical initiative was set up in Northern Ireland, but the breathtaking costs will be felt in every corner of the UK thanks to higher ‘green levies’ on household and business utility bills.
It dwarfs the £500million wasted by an earlier botched green energy scandal in the province, dubbed ‘Cash for Ash’ which led to the fall of the Stormont Government three years ago.
...
One turbine reaps about £375,000 a year, yet produces electricity worth just £51,000;
...
A wind turbine known as Carness Rock, near Ballymena, generated about £48,000 of electricity in the year to January 2020, but was also entitled to £287,000 in subsidies, totalling about £336,000, meaning it has likely paid for itself three times over since being installed in 2017.
(Excerpt) Read more at dailymail.co.uk ...
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Can’t fail here. Our politicians are windier than theirs./sarc
Welcome to the Green New Deal.
Follow the money.
Always.
L
Won’t wind turbines make the UK float away ?
Line the kills me from article. “Some reduced electric output to qualify for more subsidy” .
That is gov’t 101. They pay for failure.
Oops, I read that too fast...... I thought it referred to the Clinton Foundation's
"Cash for A**".... a do-good global program which was funded by pedo Epstein.
This might concern some people. But not me. Because I recently started the LR Sailcar Company. I see a bright future for my company in the UK. All I really need now is a piece of those government subsidies.
LOL......nice catch.
There's a reason the royals have 2 US Deep Staters working for them.
Prince Charles to officially open one of the world’s biggest offshore wind farms
Its not just BoJo. The House of Windsor is in this crap up to its bum.
Wind and solar can have a limited place in any grid, for environmentalists and politicians to play with — but they are not, in any way, cheap, efficient or stable sources of power
FYI, when I was stationed in England in the early 1970s electricity was VERY expensive, probably about 2-3 times the U.S. rates.
“Civil servants set subsidy rate so high it’s been branded ‘licence to print money’..”
It was reported in Germany that one exploit the system by installing solar panels. The you could buy a generator, buy the fuel for the generator, and feed the power back to the grid, and make a profit. The scheme fell apart when the Government wondered how all these solar panels were generating power after dark.
wind mills = blow jobs
Hoping power failures at Johnson’s place. He deserves nothing more for a dumb stunt like that & he’ll be be lucky if the British people don’t decide to string him up.
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