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Wind turbine troubles have sent one stock tumbling. There are fears it could be a much wider issue
CNBC ^ | July 3, 2023 | by Elliot Smith

Posted on 07/03/2023 4:24:50 AM PDT by Oldeconomybuyer

KEY POINTS

* Siemens Energy stock plunged by around 37% on June 23, while other wind companies also saw shares retreat as investors worried that the problems at Gamesa might be a symptom of a wider issue for the industry.

* “We have been aware for some time that turbine failure rates across the industry can — and should — be more widely understood,” Evgenia Golysheva, vice president of strategy and marketing at ONYX Insight, told CNBC.

* Industry body WindEurope denied that industry-wide technical failures could be on the horizon, insisting that “the problems at Siemens Gamesa are limited to Siemens Gamesa.”

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: energy; wind
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1 posted on 07/03/2023 4:24:50 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

In the several trips I made down the Pacific coast of California towards Mexico, I saw huge wind farms. Not once did I see a single blade turn. Not once.


2 posted on 07/03/2023 4:29:44 AM PDT by Gen.Blather (Wait! I said that out loud? )
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To: Oldeconomybuyer
Fools all....Wind turbines have been around since the beginning of our country...there's a reason they didn't continue...It's called Population...our country grew...in 1790...the population was about 1100.

no cars...no appliances....wood and coal...the same fuels that we used in our hous in the 1950's here in Upstate NY.

3 posted on 07/03/2023 4:35:33 AM PDT by Sacajaweau ( )
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To: Oldeconomybuyer

About 25 years ago two wind turbines cropped up in our area. Back then they were a novelty, and every time we passed by them at least one was not turning, while the other had sufficient wind to produce electricity.

Today the horizon is cluttered with those ugly damn things here and there. And as we pass by them there are typically several not working.

You combine the daily mechanical failures, the windless days and the end of life being around 25 years and they are just one huge expensive joke. The insult is our electricity bills are inflated to compensate for this failure as well as our beautiful horizons uglied by them.


4 posted on 07/03/2023 4:51:39 AM PDT by redfreedom (Joseph Stalin: "It does not mater how anyone votes, how votes are counted is what matters.")
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To: Gen.Blather

In windy alleys of the US, wind turbines make sense. In almost all of the area East of the Mississippi, there is so little wind they take 10 years just to break even on the carbon debt of manufacture.

With near zero interest rates wind investing is viable. At 5% it’s not.


5 posted on 07/03/2023 4:54:39 AM PDT by MattMusson (Sometimes the wind bweek.lows too much)
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To: Oldeconomybuyer

Another alleged right wing conspiracy proving to be true.

The real rock-bottom function of these mega wind farms and endless fields of solar panels is not to generate enough electric power to replace fossil fuel plants.

It is to redistribute mega wealth from taxpayers to government officials and other well connected elites who are in on the scam.


6 posted on 07/03/2023 5:05:47 AM PDT by Iron Munro (Sun Tzu: "An evil man will burn his own nation to the ground to rule over the ashes." )
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To: Oldeconomybuyer

The biggest problem with wind turbines is mechanical failure, usually due to bearings wearing out. It is a difficult engineering problem because the turbine blades weigh tons and when idle, they put immense downward pressure on the bearings, distorting their shape in their tracks and eventually failing. The largest turbines are usually connected to grid-supplied electricity so a motor can slowly turn the blades, equalizing exposure of the bearings to gravity. This is why one often can see the large-scale turbines turning slowly even with out any wind whatsoever.


7 posted on 07/03/2023 5:15:36 AM PDT by hinckley buzzard ( Resist the narrative.)
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To: MattMusson

And they cause localized climate change (downwind). The wife and I were driving to Vegas passing thru Mojave, CA about 12 years ago, and I told her “I should get a government grant to study downstream warming caused by these wind turbines”...Mojave is downwind from a ton of wind turbines in Tehachapi, CA and I am willing to bet that Mojave is a bit hotter in the Summer because of the wind turbines sucking wind energy out of the natural ecosystem. Too late for me now...and I could have paid myself good $$$ as “lead researcher”!! ;-)

https://www.sciencenews.org/article/how-wind-power-could-contribute-warming-climate

https://www.pnas.org/doi/10.1073/pnas.0406930101

Just some of the Tehachapi turbines:
https://i.pinimg.com/originals/b3/ef/38/b3ef382eef83b70ab971e852634c136c.jpg


8 posted on 07/03/2023 5:15:44 AM PDT by Drago
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To: Oldeconomybuyer

Another greenie stupid scam bites the dust.


9 posted on 07/03/2023 5:27:03 AM PDT by GOPJ (BUD LIGHT - QUEER BEER - - - NOT WELCOME AT ANY 4TH OF JULY GATHERING.)
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To: GOPJ
2 more problems...the fiberglass blades and towers are indestructible and have no practical use:

and the cement-steel base is left in the ground
Seen here under construction


10 posted on 07/03/2023 6:11:28 AM PDT by spokeshave (Proud Boys, Angry Dads and Grumpy Grandads.)
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To: Gen.Blather

I have made many trips out west. There are wind farms all over, but especially in Texas panhandle and southern California.

Regardless of the location, when you count a line of the wind turbines, there are always at least 10% inoperable. A single turbine that is not working decreases the efficiency of the total. That is, the owner is starting out with a handicap of at least 10% on his investment before he gets a return.

It doesn’t matter if the turbine farm is in Texas or California or Idaho. The 10% or more inoperability handicap is the reality


11 posted on 07/03/2023 6:22:33 AM PDT by bert ( (KWE. NP. N.C. +12) Joe Biden is a kleptocrat)
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To: bert

On the ridge line between MD & WV I see about 10% working. I’ve never seen more than a handful turning in all the years I’ve made that drive.


12 posted on 07/03/2023 6:26:50 AM PDT by Reily (!!)
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To: redfreedom

Actual end of life is about ten years.

I was associated with a project that replaced windmills after seven years.


13 posted on 07/03/2023 6:31:37 AM PDT by meatloaf
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To: spokeshave

Some decades ago a local newspaper - with much fanfare - installed a small wind mill in one of their regional sites to show their solidarity with left-wing environmentalists.

They were spending hundreds and sometimes thousands of dollars a month keeping the thing working. An editor friend asked he what I thought they were saving on their power bill every month. I don’t remember my exact guess but it was probably in the ‘few hundred’ dollar range. He laughed - less than a dollar. Likely in the five to six cent range.

The wind mill was quietly taken down...


14 posted on 07/03/2023 6:32:41 AM PDT by GOPJ (BUD LIGHT - QUEER BEER - - - NOT WELCOME AT ANY 4TH OF JULY GATHERING.)
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To: spokeshave

Some decades ago a local newspaper - with much fanfare - installed a small wind mill in one of their regional sites to show their solidarity with left-wing environmentalists.

They were spending hundreds and sometimes thousands of dollars a month keeping the thing working. An editor friend asked me what I thought they were saving on their power bill every month. I don’t remember my exact guess but it was probably in the ‘few hundred’ dollar range. He laughed - less than a dollar. Likely in the five to six cent range.

The wind mill was quietly taken down...


15 posted on 07/03/2023 6:34:01 AM PDT by GOPJ (BUD LIGHT - QUEER BEER - - - NOT WELCOME AT ANY 4TH OF JULY GATHERING.)
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Oh no!!!…wind power isn’t going to save mother Gaia??? Say it ain’t so…


16 posted on 07/03/2023 6:34:53 AM PDT by TnTnTn
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To: Oldeconomybuyer

Is anyone checking into how wind turbines are affecting the climate — maybe by altering air currents?


17 posted on 07/03/2023 6:49:48 AM PDT by Socon-Econ (adi)
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To: Gen.Blather

“Green Energy” is a marxist-style political fever that only was able to be born due to long-term ZERO interest rates, printed money, growth in massive government debt, and globalization

All those things are no longer blowing in “green energy’s” favor.


18 posted on 07/03/2023 6:58:40 AM PDT by PGR88
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To: PGR88

They know Green Energy doesn’t work, the whole point is to break down the system so they can “Build Back Better”.


19 posted on 07/03/2023 6:59:36 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: hinckley buzzard

I recently saw an article that said the newer generation wind turbines had a diesel engine in the pod that would keep the blades slowly rotating when the wind failed.

Just add that additional hydrocarbon fuel driven component to the actual cost of a windmill. Be sure to include refueling and maintenance of the diesel.


20 posted on 07/03/2023 7:21:19 AM PDT by ByteMercenary (Cho Bi Dung and KamalHo are not my leaders.)
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