Posted on 10/27/2023 5:37:32 PM PDT by Hojczyk
Wind and solar are both terrible methods of generating electricity, both expensive and unreliable. The one thing that can make the situation worse is the drive to electrify everything, including motor vehicles. The impracticality of this “green” vision has become blindingly obvious, and the “green” movement has begun to fall apart.
Steve noted this afternoon the collapsing share prices of renewable energy companies. Here are some more indications that the “green” movement is spiraling downward:
From the Telegraph: “Electricity prices ‘must rise by 70pc to pay for more wind farms.’”
No new wind farms will be built off Britain’s shores unless the Government lets operators earn more money from the electricity they produce, the chief of the nation’s biggest generator has said.
Tom Glover, country chair of RWE’s UK arm, said the price offered by the Government to wind farm operators must rise by as much as 70pc to entice companies to build. *** His warning follows the disastrous result of the last offshore wind allocation round in September, which ended in a humiliation for ministers with not one company offering to build new offshore wind farms.
From Grid Brief: “GE Offshore Wind to Post $1 Billion in Losses.”
General Electric’s offshore wind division is set to post $1 billion in losses. “Offshore Wind remains difficult this year with losses of roughly $1 billion,” Chief Executive Officer Larry Culp said on Tuesday. Culp added that he expects similar losses next year, but with a better cash performance.
Culp’s announcement comes as the wind industry reels from sustained headwinds—supply chain snags, materials costs, component price increases, and higher interest rates. Project delays plus decreases in demand for offshore wind are expected.
From Robert Bryce: “Ford Lost $62,016 For Every EV It Sold In 3Q.”
“Solar generation using mirrors and molten salt storage has substantial potential.”
Yeah right. There is billions of dollars worth of scrap in the Tonopah desert that says otherwise.
Nothing more than idols for the earth cult.
Yeah, but those companies probably have good ESG scores. /s
ESG and DEI — horrific concepts.
The whole EV over gas and electric grid (PV) only makes sense when energy is expensive.
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