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Posted on 07/13/2025 5:43:41 AM PDT by george76
Even in green energy subsidised Britain, developing renewables does not make economic sense.
Why wind farm developers are pulling out at the last minute..
The government aims to generate at least 43GW of offshore wind power (current capacity is 14.7GW) and 95% of all energy from renewable sources by 2030.
These targets are now in jeopardy. The cancellation of Hornsea 4 follows a similar decision by Swedish developer Vattenfall, which stopped work on its 1.4GW Norfolk Boreas wind farm in 2023.
…
Building a wind turbine requires significant amounts of steel, copper and aluminium, all of which doubled or tripled in price between 2020 and 2023. Turbine manufacturers have raised prices in an effort to recover recent losses. This affects the profitability forecasts of wind energy developers like Ørsted and the viability of each of their projects.
…
Rising costs mean that even one of the world’s biggest wind farms, Dogger Bank in the North Sea, will not be profitable for its developer, Equinor. As a prospect for generating financial returns, renewable energy still cannot compete with oil and gas.
This is the key argument of economic geographer Brett Christophers in his recent book The Price is Wrong. Christophers argues that, if national governments continue to rely so heavily on private sector investment to build renewable energy, decarbonisation is unlikely to proceed as fast as it needs to. It is simply not profitable enough.
...
The call for government funding magic sauce to fix the economic failures of green energy is hilarious. Government funding can’t fix a failure of this magnitude.
.... And the problem Thomas York is discussing is just the cost of the renewable generators and grid connections. When you factor in the cost of the days or weeks of battery backup which would be required to absorb overcapacity on good days, and feed the grid during prolonged wind droughts, there aren’t enough government printing presses in the world to produce that kind of money.
Wind outages can last more than a week. Britain went nine days without wind power in 2018;
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Wind outages can stretch across vast geographical areas, for example the entire continent of Australia was without wind last year – and not for the first time.
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A wind drought which covered much of Europe occurred late last year;
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The sooner governments abandon this fantasy solution to the world’s energy needs, the better.
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It is not competition that matters so much. It can’t even work if you are talking about solar and wind. Both are down too often, vulnerable to nature. Civilization runs 24/7. If you do not have 24/7 baseload you will kill .
I remember a time in the oil industry when coal bed methane was all the rage. When the subsidies and tax credits ended it fizzled into obscurity. Wind and solar will do the same.
The coming problem is that all that “cheap” energy will have to be replaced quickly by the alternative, natural gas. Brace yourselves for costs to climb once more as the real deficit producing cost of green energy comes home to roost. The only thing that made green energy “cheap” is that a chunk of the actual cost was shifted to the taxpayer in the form of debt and taxation instead of your electric bill.
One can’t help but think that wind and solar are going to have a much rougher time under a PDJT administration than under a Brib-em admin. What I find interesting is that globally, the only U.S company that is one of the top 10 IWT manufacturers is GE Vernova... and their stock over the past year has really rocketed.... https://tradingeconomics.com/gev:us ....and particularly since April. However (and this would need some deeper digging), it seems that it is the nuclear and gas side of their business that has been the reason for the steep rise.
As for the rest of the IWT manufacturers, it seems that most of them were moving sideways this past year (except for Vestas which saw a stock price drop in the 60% range). Of the rest of them that are mostly focused on wind, I’m thinking that there are some candidates in there that are worth taking a chance on shorting them....
The most accurate statement made on this thread.
Yes, stuck in the doldrums.
We’re actually in a cooler than average phase for the planet at the moment.
I have a couple links that for some reason do NOT want to show the image and I don’t know how to make them do that. They’ve worked plenty of times before. It may simply be my computer.
Anyway, here are the links to the graphs:
Global Temperature Trends From 2500 BC to 2040 AD
https://www.google.com/search?sxsrf=AE3TifNlxqhJYXW1W70BvyVjrv0jRlH0fQ:1752424986015&q=Global+Temperature+Trends+From+2500+BC+to+2040+AD&udm=2#vhid=kxx6ZI_ZazcMlM&vssid=mosaic
And CO2 Levels vs Temperature:
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQWRuz9-Z4oRztvkWOE4mXPYRpqtIMeWCwZCw&s
.
“..The sooner governments abandon this fantasy solution to the world’s energy needs, the better....”
Exactly.
It is/was insanity foisted upon the world by the insane.
They should have been occupying a rubber room in an asylum...NOT setting any form of a government’s large scale energy policies and directives. We’re paying a high price in more ways than one for their clueless, insane antics. Just ask the whales and dolphins.
IF one wants to put a solar panel on their roof and/or a windmill on their property to assist in meeting their personal household loads, go get the load calcs done, whatever permits, etc. and have at it. They get to pay for it all; no harm, no foul. But to try and meet the huge baseload energy needs of a modern society with this stuff is....well...INSANE.
They called it the doldrums.
Crews would also use buckets of water to wet the sails hoping to harness every little bit of wind.
The problem is they choose the “renewables” that are the most expensive, least efficient, unreliable, and just not good at scale.
If they were working on hydro, geothermal, and nuclear, they’d be much better off!
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