Solar Subsidy Farming

From NOT A LOT OF PEOPLE KNOW THAT

SEPTEMBER 9, 2021

By Paul Homewood

h/t Tomo

There’s an outfit called Next Energy Solar Fund, who are after your money to invest in solar projects:

image

https://www.nextenergysolarfund.com/solar-asset-portfolio/

Next Energy don’t directly own the solar farms, it is merely the holding company for a number of shell companies who do own them. This is advantageous to them, as they can simply let any one of the shell companies go bankrupt if it runs into trouble, without the holding company taking much of a hit.

And because most of the money invested belongs to investors in the fund, Next Energy have little to lose anyway. Instead they merely rake off the profits and service charges.

Curiously the assets stated above seem to exceed the number of solar farms listed on their website, as Tomo discovered, but there may be a good reason for this.

But a look at their Annual Accounts makes interesting reading.

Most of their capacity, 86%, is subsidised via ROCs and FITs, (Renewable Obligations and Feed in Tariffs):

image

Weighting the ROCs according to this chart gives an average of 1.4 ROC/MWh. As ROCs were worth £50.05 last year, this amounts to a subsidy of £70.26/MWh. Adding in FITs at a conservative value of £50/MWh, the total subsidy farmed by these assets amounted to around £43 million last year, on top of the revenue from electricity sales.

According to their Accounts, the income from the solar assets was only £38.9 million, meaning that they would have made a loss without the subsidy.

image

They make a play about new investment in “subsidy free” solar, but the amount is tiny, and can still earn subsidies through the sale of REGOs.

Nationally solar capacity in the y/e March 2021 has only increased by 1.2%, from 13305 to 13477 MW, suggesting that there is still little investor interest.

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Leo Smith
September 10, 2021 6:06 am

shorn of subsidy, solar energy is unprofitable, as is wind

Reply to  Leo Smith
September 10, 2021 8:10 am

The inexhaustible supply of gubment funds can do wondrous things…..until one day it all collapses.

Reply to  Anti_griff
September 10, 2021 8:45 am

Collapse will happen sooner than we expect.

THE COVID-19 VACCINES ARE NOT SAFE OR EFFECTIVE
“It’s not working and it’s causing tremendous damage.”

COVID-19 – Two Interviews With Dr. Peter McCullough – August 4, 2021
 
Video 1: https://21stcenturywire.com/2021/09/10/proven-covid-treatments-pcr-fraud-interview-with-dr-mccullough-part-1/
 
Video 2: https://21stcenturywire.com/2021/09/10/proven-covid-treatments-pcr-fraud-interview-with-dr-mccullough-part-2/
 
Perspectives on the Pandemic With Dr. Peter McCullough
Analysis by Dr. Joseph Mercola September 10, 2021 – from Video 2 above
https://articles.mercola.com/sites/articles/archive/2021/09/10/perspectives-on-the-pandemic-with-dr-peter-mccullough.aspx
STORY AT-A-GLANCE
Dr. Peter McCullough is an internist, cardiologist and epidemiologist who warns that COVID-19 vaccines not only are failing but are putting lives at risk
·   McCullough believes if the proper safety boards had been in place, the COVID-19 vaccine program would have been shut down in February 2021 based on safety and risk of death
·   By January 22, 2021, 186 deaths had been reported after COVID-19 vaccination — more than enough to reach the mortality signal of concern
·   In his practice, McCullough is seeing an array of neurologic syndromes in people who’ve been vaccinated, with symptoms including blindness, paralysis, difficulty swallowing, headaches, ringing in the ears, myocarditis and more
·   McCullough also mentions antigenic, or immune, escape, which he believes is driving the creation of COVID-19 variants and making the pandemic worse instead of better
 

Derg
Reply to  ALLAN MACRAE
September 10, 2021 9:25 am

Something sure is causing these mutants…Israel cannot keep up.

M Courtney
Reply to  Derg
September 10, 2021 11:51 am

It’s called evolution.

Reply to  M Courtney
September 10, 2021 12:02 pm

Correct. Furthermore, “leaky vaccines” encourage the evolution of variants – survival of the fittest.

Bryan A
Reply to  ALLAN MACRAE
September 10, 2021 2:32 pm

Allan,
Do you have a more up to date figure on vaccine related mortality? Also is the 186 figure global or specific to a single country.
By Jan 2021 the U.S.had administered more than 16 million doses. Except for how the families of the individual have been affected, statistically speaking, 186 out f 16,000,000 is insignificant. Globally almost 200,000,000 (literally 1 in a Million)
I would be curious to see if the statistic is similar now that 5,600,000,000 doses have been administered globally

Reply to  Bryan A
September 10, 2021 8:12 pm

https://www.openvaers.com/covid-data
 
COVID Vaccine Data for the USA
Reports from the Vaccine Adverse Events Reporting System.
Our data reflects all VAERS data including the “nondomestic” reports.
read the VAERS disclaimer
675,591 Reports
through September 09, 2021
jump to browse highlighted reports 
14,506 DEATHS
58,440 HOSPITALIZATIONS
77,919 URGENT CARE
106,184 OFFICE VISITS
5,783 ANAPHYLAXIS
7,911 BELL’S PALSY
1,757 Miscarriages
6,422 Heart Attacks
5,371 Myocarditis/Pericarditis  
18,439 Permanently Disabled
2,910 Thrombocytopenia/Low Platelet
14,594 Life Threatening
27,336 Severe Allergic Reaction
7,810 Shingles

Reply to  ALLAN MACRAE
September 11, 2021 2:38 am

Note:
Experts say the above VAERS figures are far too low – hugely under-reported.

2hotel9
Reply to  ALLAN MACRAE
September 11, 2021 5:18 am

VAERS is a voluntary, report it yourself sort of system, and people are not being informed they CAN report adverse reactions from vaccines.

Analitik
Reply to  ALLAN MACRAE
September 13, 2021 5:42 pm

Experts say the above VAERS figures are far too low – hugely under-reported.

Dr Robert Malone spoke of cases where other doctors contacted him about their serious VAERS submissions being rejected with no reason provided. So no only are the numbers far too low overall but they are probably skewed towards mild effects.

navnek
Reply to  M Courtney
September 10, 2021 6:39 pm

OR could it be the same mad scientists who cooked it up in the first place?

Peta of Newark
Reply to  ALLAN MACRAE
September 10, 2021 11:47 am

If anyone wants to scare themselves silly with Covid and vaccines, visit here:
Quote from today’s story:
Not for human or veterinary use” – what is this toxic substance found in the Pfizer COVID shot?2-Distearoyl-sn-glycero-3-phosphocholine is one of the key components of the lipid nanoparticles found inside the Pfizer shot. According to the SDS from Cayman Chemical, this ingredient is “not for human or veterinary use.” The substance is an irritant to mucous membranes and the upper respiratory tract. Additionally, a person is advised to seek medical attention if they inhale, ingest, or experience skin or eye exposure to it.
here

On the other side of the coin I came on a story (possibly the Grauny or the Indy) and they were railing about Ivermectin.
How it was some grotesque horrible chemical and only to be used on horses
I have actual real life user experience of Ivermectin (Trade name = Ivomec) – I tried to straighten them out

Back on topic and my recollection of when the Feed In Tariffs first started – they were very very generous.
I’m gonna say 50 pence per kWh.

But there again, solar was new and all the parts were expensive

I followed the story via the now defunct renewable energy forum (Navitron) and then something happened which actually resonated with my experience with Ivomec and UK farming in general.

The FIT subsidy rate was, at very short notice, very abruptly sliced clean in half. Even less than half in fact.

The renewable geeks were aghast – how the f**k could the solar energy industry survive such brutality. Jobs lost, folks bankrupted and The World destined to fry

Anyway, the subsidy cut came and as if by magic, the water parted and solar intallations continued without a blip – obviously at much lower cost to the folks buying * installing the kit.

yet the marketing blurb still adverteised the effective rate of return on your money spent and it was absolutely identical.
What?
With a 50% cut in the payments? How? Why?

It was patently obvious that the manufacturers and installers had been mercilessly milking the system.

Exactly what I found inside UK farming.
The children’s programme ‘Blue Peter’, on one of their annual fund raisers for good causes, wanted to buy Ivermectin for kids in Africa afflicted by River Blindness
They priced it at one penny per child every six months to keep them clear of worms.

As a farmer in Cumbria I was buying Ivomec for my cattle and the dose rate depended on how heavy the animals were deemed to be.
OK

It was costing me about 250 pence to treat a 200kg animal – with doses repeated 3 times every 4 weeks. Annual cost £7.50

yet children in Africa, shall we say 20kg in weight, cost 2 pence annually

On a pence per kg basis, that means I was being forced to pay £7.30 more than I should – out of a total cost of £7.50
I should have been paying 20 pence to treat my cows.

Why?
Because I was getting ‘Support Payments’ from Europe

The whole thing is Rotten To The Very Core

Last edited 1 month ago by Peta of Newark
TheLastDemocrat
Reply to  Peta of Newark
September 10, 2021 1:58 pm

2-Distearoyl-sn-glycero-3-phosphocholine:
the poison is in the dose.

Like the “Cinnamon Challenge.”

HotScot
Reply to  Peta of Newark
September 14, 2021 5:08 am

The trade name for Merial’s (as was) Ivermectin horse treatment is Eqvalan. Ivomec is the cattle wormer.

Eqvalan is an oral paste, probably why it’s popular amongst humans.

Ivomec comes in pour on, bolus and injectable form.

Rory Forbes
Reply to  ALLAN MACRAE
September 10, 2021 12:14 pm

I’m just making a start watching Dr. McCullough’s presentations, but so far so good. He seems pretty normal, isn’t raging of drooling and seems to be the antithesis of a “conspiracy theorist”. He’s certainly more believable than the President of the US any of his cabinet and especially Fauci. So why aren’t we receiving these warnings from our own government medical officers?

Once again Allan. thanks for your research and insight …

RJF

navnek
Reply to  Rory Forbes
September 10, 2021 6:46 pm

One small but significant correction. THe correct spelling is FRAUDCI!

Reply to  navnek
September 11, 2021 2:35 am

“The correct spelling is FRAUDCI!”

I’ve been using “Dr Falsi” for over a year. Same-same.

Sommer
Reply to  ALLAN MACRAE
September 10, 2021 12:50 pm

Yes, it’s all connected! Thank you Allan MacRae!

Reply to  Sommer
September 11, 2021 3:19 am

Hi Sommer, Hope you and yours are well.

On 21March202, at the very beginning of this Covid-19 lockdown fiasco, the actions of the authorities did not make sense. I published the correct approach then, more than 6 months before the essentially-identical Great Barrington Declaration, written by many by eminent physicians.

From the very start, there was a coordinated, worldwide destructive over-reaction to the Covid-19 illness. The lockdowns did much more harm than good. Since then, that extreme dysfunction has been continued and exacerbated – the authorities just keep making it worse and worse – and no rational person or group could be this obtuse, this wrong, for this long – there is a hidden agenda in play.

The four main Covid-19 “vaccines” are the next great failure – these toxic injections will also cause enormous harm and little if any benefit – they are ineffective and extremely dangerous – especially to healthy people under ~75 years of age and most especially to the young.
These injections should be shelved immediately – and should never have been injected into anyone. Criminal negligence!

I would very much like to be wrong about what comes next.

Best regards, Allan

https://wattsupwiththat.com/2021/06/14/cbs-cdc-emergency-meeting-to-discuss-rare-covid-vaccine-heart-complications/#comment-3270021

My comments – published 15June2021 and 21&22March2020:
 
There was no significant deadly Covid-19 “epidemic” in the USA, Alberta or Canada to mid-2020, and no justification for the panic, the lockdowns of the workforce and students, and the destruction of our economies – just as I correctly published more than one year ago, on 21&22 March 2020:
 
21March2020 – Allan MacRae
LET’S CONSIDER AN ALTERNATIVE APPROACH: Isolate people over sixty-five and those with poor immune systems and return to business-as-usual for people under sixty-five. This will allow “herd immunity” to develop much sooner and older people will thus be more protected AND THE ECONOMY WON’T CRASH.
 
22March2020 – Allan MacRae
This full-lockdown scenario is especially hurting service sector businesses and their minimum-wage employees – young people are telling me they are “financially under the bus”. The young are being destroyed to protect us over-65’s. A far better solution is to get them back to work and let us oldies keep our distance, and get “herd immunity” established ASAP – in months not years. Then we will all be safe again.
 
All we really needed to do was over-protect the very elderly and infirm – the high-risk population – which we failed to adequately do. What a debacle! The evidence of serious criminal activity is overwhelming.
_______________________
 
I wonder if there will be a 4th wave of Covid-19 – if there is, I suspect the next phase of the illness will be blamed by the lying authorities on the variants, but it will actually be caused by side-effects of the toxic injections. There is a strong case to be made for this happening – it has always been a huge fraud.
 

Reply to  ALLAN MACRAE
September 12, 2021 12:11 am

Typo above:
Hi Sommer, Hope you and yours are well.
 
On 21March2020

Carlo, Monte
Reply to  ALLAN MACRAE
September 10, 2021 1:16 pm

Total annual number of deaths in Trinidad and Tobago (about 100) increased by one order of magnitude in just four months following initiation of the “vaccination” campaign:

https://www.bitchute.com/video/vTFMMasGQPyb/

navnek
Reply to  Carlo, Monte
September 10, 2021 6:53 pm

Just a coincidence, or maybe because the UNvaccinated infected those who got it. Wait a minute……… I thought the vax was supposed to keep you from getting it, as we were told, at a rate of 95% effective. OH WAIT, and edit just came in. 95% that you would not die if you got it only get mild cases. OOOPPPSSS the truth is coming out. If vaxxed and affected, and go to the hospital, you have almost a 20% chance of dying. But you will do so mildly. RIGHT?? OR ABOUT 13 times the problems that the previously infected but never vaxxed have. According to a couple Israeli doctors who investigated this. OH WAIT!! Is not Israel the MOST VAXXED COUNTRY IN THE WORLD? How is it that almost 80% of their hospital patients are double dosed vaxxed? I am so confused, I just do not know WHAT to believe. Except that it appears #1 there is a lot of backtracking going on. #2 ex post facto, the narrative changes slightly and #3 it is VITALLY IMPORTANT that you get a shot that does not work. Or 2 OH NO, now it is 3 or more. Maybe like vitamins it will soon be one a day.

Carlo, Monte
Reply to  navnek
September 10, 2021 9:19 pm

Exactly, none of what these people say makes any sense, at all.

It all boils down to this: they don’t work and they are dangerous. No desire to play Russian Roulette.

Rory Forbes
Reply to  navnek
September 10, 2021 11:05 pm

Watch Allan McRae’s video by Dr. Peter McCullough. He opens up a whole lot of information that is being suppressed. Follow his links. There is some very important information there.

And quickly before it’s censored.

Reply to  Carlo, Monte
September 11, 2021 2:20 am

https://www.bitchute.com/video/vTFMMasGQPyb/
 
Thank you Monte – this is an important video – at 20:30 minutes Dr. Michael McDowell explains that total deaths in Trinidad and Tobago increased from 145 in the ~12 months prior to the introduction of the Covid-19 vaccines to 1022 total deaths in the ~4 months following the start of vaccinations on 6April2021 – that is a ~20-fold increase in total deaths from all causes – all driven by the vaccines, not the virus. McDowell says these vaccine-caused-deaths are happening in all the
vaccinated countries in the world and that fact is being suppressed. Dr
McDowell states “The vaccines are causing the death spike”.
I published a similar  conclusion in June2021 – the summer 2021 Covid spike is being caused by the Covid-19 injections.
It’s a kill shot.

Reply to  ALLAN MACRAE
September 13, 2021 5:01 am

AS I WROTE BACK IN JUNE 2021, THE SUMMER “SPIKE” IN ALLEGED COVID-19 CASES IS CAUSED NOT BY THE VIRUS, BUT BY THE TOXIC VACCINES. 
More evidence:
Whistleblower! Nurse DESTROYS “Delta” Narrative, VACCINATED Patients Fill Hospital!
Stew Peters Show Published September 8, 2021
https://rumble.com/vm936v-whistleblower-nurse-destroys-delta-narrative-vaccinated-patients-fill-hospt.html

Patrick MJD
Reply to  ALLAN MACRAE
September 10, 2021 5:02 pm

I have 5 family members who are Australian trained medical professionals and they tell me that most of the bad reactions, amputations and deaths as a direct result of the COVID-19 vaccines are not being reported.

navnek
Reply to  ALLAN MACRAE
September 10, 2021 6:39 pm

WHAT??? Have you not heard of Modern Money THeory? Under MMT, you can print all the money you want for any (mostly left wing and to buy votes) purposes you want with no ill effects! WHAT? Zimbabwe you say? Weimar Germany you say? Continetal USA? (REmember, not worth a Continental came before SOund as a Dollar.) Venezuela? NAH, THIS TIME we will get it RIGHT, and with MMT on our side, nothing to worry about. Common sense and history be damned.

Reply to  ALLAN MACRAE
September 10, 2021 8:21 pm

MICROBIOLOGIST EXPLAINS COVID JAB EFFECTS
Interview with German microbiologist Dr. Sucharit Bhakdi
Analysis by Dr. Joseph Mercola, September 05, 2021
https://articles.mercola.com/sites/articles/archive/2021/09/05/microbiologist-explains-covid-jab-effects.aspx
An English-language chapter of the preprint of the book “Corona Unmasked”, co-authored by Dr Bhakdi, can be downloaded here:
https://www.goldegg-verlag.com/goldegg-verlag/wp-content/uploads/corona_unmasked_engl_leseprobe.pdf
 
Conclusion
Gene-based vaccines received emergency approval at lightning speed to combat a virus that is no more dangerous than influenza (34). There is now clear evidence that people can become severely ill and die from these vaccinations. No real-world benefit of vaccination has ever been shown. Until reliable and convincing data are available, this high-risk human experiment must not be allowed to continue.
__________________________________

The excellent 1-hour video interview with Dr Bhakdi will be removed soon. See especially the video at 52 minutes for outcomes regarding the illegal injection of children.

Excerpt:
If you’ve already gotten one or two shots, there’s nothing you can do about that. Certainly, do not get a booster, as each booster is undoubtedly going to magnify the damage.
“IN THE END, I PREDICT THAT WE’RE GOING TO SEE MASS ILLNESSES AND DEATHS AMONG PEOPLE WHO NORMALLY WOULD HAVE WONDERFUL LIVES AHEAD OF THEM,” DR BHAKDI SAYS. 

As I previously wrote to our Alberta Government on 3Sept2021 (below):
“I predict that the Covid-19 vaccines will kill and seriously injure many more Canadians than the virus. Hope to be wrong; rarely am.
– Allan MacRae

Nick B
Reply to  Leo Smith
September 10, 2021 9:54 am

Everything are profitable at the real price.

Dennis
Reply to  Leo Smith
September 10, 2021 8:53 pm

Why would an investor be interested in a business that is dependent on weather conditions being favourable before revenue can be achieved, unreliable, intermittent operation of assets.

In fact, on average, subject to wind availability, will produce energy 2.1 days in every 7.0 days but the operators have no reliable method to know what days in every 7.0 days the assets will deliver.

Direct subsidies for profit of course and reliable competitors profitability handicapped by government regulations and (carbon) taxes.

Free enterprise economics ignored by politicians and their friends.

ATheoK
September 10, 2021 6:18 am

Interest income that comes in large round numbers is very curious.
Interest income – £12,000 multiplied by £1,000.

September 10, 2021 6:21 am

The worst effect of subsidies for solar and wind is making conventional power less profitable, thus displacing those sources. As wind and solar are weather dependent, failure to make the investors in renewable subsidies pay for the required backups leads to situations like Texas last February.

navnek
Reply to  Tom Halla
September 10, 2021 7:00 pm

Your argument will get you nowhere. Makes too much sense. Here in WI, some eco freaks protested the construction of a $1.2 Billion high line project. You know, the same folks pushing “green energy.” IRONY: the highline was in part, to get power from the Great Plains where the wind blows almost constantly and wind projects ALMOST make sense, to bit city markets in the Midwest. I argue that the costs of backups for when the sun does not shine and wind does not blow, the costs of hardware needed to convert the power to some multiple of 120V ac and 60 Hz, and a proportionate cost of that highline, ALL should be registered in tehe so-called “green energy” account as a liability. Accout for all of that plus higher initial costs for the hardware per KW produced, much much higher maintenance costs, interest on the infrastructure investments, plus shorter life span of “Green Power plants,” and the greenest thing about “GREEN” energy is the green that is beaten out of taxpayers and power companies to subsidize it

Reply to  navnek
September 11, 2021 6:47 am

“…the greenest thing about “GREEN” energy is the green that is beaten out of taxpayers and power companies to subsidize it.”

Wonderful!

MarkW
September 10, 2021 6:29 am

The biggest subsidy of all is the requirement that real electric companies have to buy what the solar farms produce, whether they need it or not.

navnek
Reply to  MarkW
September 10, 2021 7:03 pm

Mark W- EXCELLENT POINT!!

According to the comments of an industry insider, power companies do not even account for the energy they purchase from “green” sources, because the next cloud, the next calm part of the day could instantly cut power from those sources in half or more. So essentially every penny paid th “green” power owners is a subsidy. Until batteries become cheap enough to store this excess energy (it is being worked on) reliablity will always be a problem.

Oddgeir
September 10, 2021 6:55 am

I just LOVE Hywind Scotland. Why?

https://find-and-update.company-information.service.gov.uk/company/08709450/filing-history

https://find-and-update.company-information.service.gov.uk/company/08709450/filing-history/MzMwNzM5MzA0MWFkaXF6a2N4/document?format=pdf&download=0

Page 15, turnover by activity (revenue) 2020-2019
Electricity sales, 4055-4951 (thousands)
Subsidies 23484-28655 (thousands)

Spread the word.

Oddgeir

fretslider
Reply to  Oddgeir
September 10, 2021 7:59 am

Hywind Scotland

That will be the haggis

Redge
Reply to  Oddgeir
September 10, 2021 9:14 am

Page 17 not page 15

Raven
Reply to  Oddgeir
September 10, 2021 8:06 pm

Also on Page 17.

“The Company has no employees.”

So, no Green jobs there, then . .

Ron Long
September 10, 2021 7:13 am

Sorry to insert something, but AF Branco has a climate change cartoon out today that is right to the point. I saw it on townhall but for sure it is elsewhere.

stewartpid
Reply to  stewartpid
September 10, 2021 11:36 am

SORRY …. I saw the day was correct and didn’t even look at the year. I can’t find the current cartoon.

Roy Martin
Reply to  Ron Long
September 10, 2021 2:27 pm
ResourceGuy
September 10, 2021 7:25 am

Remove the tax and rate subsidies–the best of breed solar are ready now and can profit. Well, there is the matter of slave labor in western China that needs to be addressed also and the coal plants powering those “camps”.

MarkW
Reply to  ResourceGuy
September 10, 2021 7:32 am

Can they survive removing the must buy mandate?
Can they survive if they are required to be reliable?

ResourceGuy
Reply to  MarkW
September 10, 2021 8:18 am

Most will not survive in the process called survival of the fittest. It comes down to a test of political intentions to allow the majority to fail and watch volume go up in the best of breed. You will never see that test because it requires honesty and saying no to a great many lobbyists.

MarkW
Reply to  ResourceGuy
September 10, 2021 9:19 am

I disagree. Once the requirement to be able to supply reliable power when contracted, kicks in, there will be no wind or solar plants that will be capable of competing economically. Best of breed or not.
At present, they only survive because they are allowed to pick and choose which hours they will provide power, and then require that someone else pick up the slack when they are unable to provide power.
This cost shedding cannot be allowed to continue.

Sommer
Reply to  MarkW
September 10, 2021 12:59 pm

Tell that to Canadian Pension Plan investors.

https://www.cppinvestments.com/public-media/headlines/2018/cppib-signs-agreement-canadian-operating-wind-and-solar-power-portfolio

Do Canadians know what the CPP has been investing in? These projects have 20 year contracts!

Joel
Reply to  MarkW
September 10, 2021 8:41 am

I believe in CA they are starting to required solar to have battery storage as well so they can store energy for the late afternoon peak in demand. That will raise their costs, but, I am sure the state will subsidize it.
BTW, James Hansen has become low profile in the last few years while out and out crooks are becoming very rich from the hysteria he instigated. I don’t think he has joined the boards of any of these green corporations, but I could be wrong.

Carlo, Monte
Reply to  Joel
September 10, 2021 1:20 pm

The only feasible battery storage for PV is lead-acid, for small roof-mounted systems. There is nothing for large PV systems.

Bob Hunter
Reply to  Joel
September 10, 2021 5:15 pm

But Hansen turned 80 this, maybe he has slowed down. But still healthy enough to be associated with Columbia University

Dave Andrews
Reply to  Joel
September 11, 2021 7:54 am

James Hansen is responsible for a lot but he is no fan of unreliables.

“Can renewable energies provide all of society’s energy needs in the foreseeable future? It is conceivable in a few places such as New Zealand and \Norway. But suggesting renewables will let us phase rapidly off fossil fuels in the US, China, India or the world as a whole is almost the equivalent of believing in the Easter Bunny and Tooth Fairy”

Search James Hansen ‘Baby Lauren and the Kool Aid’

Last edited 1 month ago by Dave Andrews
fretslider
September 10, 2021 7:58 am

So what’s the story with their website?

 “[ ] I/we have read and understood the Terms (including the Important Information above). I/we represent that I/we am/are a Relevant Person as defined above under the heading “Permitted Users”.

Important Information

Use of this website

PLEASE READ THIS IMPORTANT INFORMATION SECTION AND THE TERMS AND CONDITIONS OF THIS WEBSITE (TOGETHER THE “TERMS”) WITH CARE. BEFORE ACCESSING THIS WEBSITE AND THE PAGES THEREOF, YOU CONFIRM THAT YOU MEET THE BELOW CRITERIA AND THAT YOU HAVE READ, UNDERSTOOD AND AGREE TO BE BOUND BY THE TERMS. IF YOU ARE NOT ABLE TO GIVE THIS CONFIRMATION YOU MUST NOT PROCEED ANY FURTHER AND SHOULD DECLINE TO ACCEPT THE TERMS.

https://www.nextenergysolarfund.com/solar-asset-portfolio/

Naturally, I declined the invitation.

That just underlines what a scam it is.

ResourceGuy
September 10, 2021 8:12 am

Not just solar…..

EU keeps pumping €100 million into tobacco production despite anti-cancer plans

Right-Handed Shark
September 10, 2021 9:52 am

So many black panels.. I’m starting to wonder if, along with the UHI effect, we now should be accounting for the SPHI (Solar Panel Heat Island) effect?

Mr.
September 10, 2021 9:55 am

Didn’t investment guru Warren Buffet say the only reason to invest in wind or solar farms was for the tax breaks and the subsidies?

Absent them, you’ve got turkey farms.

PaulH
Reply to  Mr.
September 10, 2021 3:39 pm

I believe this is what Warren Buffett said…

Willis Eschenbach
Jeff Alberts
September 10, 2021 10:27 am

Next Energy don’t directly own the solar farms, it is merely the holding company for a number of shell companies who do own them.”

Sorry to pick a nit, but you need to pick one. Is Next Energy a plural or a singular?

Doonman
September 10, 2021 10:45 am

The US is currently 28 trillion dollars in debt, with more on the way.

The unborn are are being saved from climate armageddon by enslaving them to crippling debt without their consent.

That is what your politicians are delivering today.

John Pickens
September 10, 2021 12:17 pm

Forget the profit and loss statistics. The real problem with “renewables” is that they DO NOT produce a net positive of usable electricity when the energy cost of production and running reserve are taken into account.

It is exactly like a very complex perpetual motion machine, it appears to work, makes money due to subsidy and forced price support of the energy produced, but in the end, it is a perpetual motion machine and thermodynamically negative.

As proof of my thesis, please provide details on ANY producer of wind or solar systems which uses solely the output of its product to produce more systems. Go ahead, I’ll wait.

If wind and solar are such big net energy producers, the companies making them would be irresponsible to use coal, hydro, nuclear, or biomass for their production. Do fossil fuel producers use other energy sources to process their product? Oh, wait, in Texas they used electric powered gas compressors to distribute the product. How well did that work out?

Zig Zag Wanderer
Reply to  John Pickens
September 10, 2021 1:37 pm

The term you are looking for is Ponzi Scheme. And yes, it is. Since they provide less energy during their lifetime than used in creating, installing and maintaining them, unreliables are an energy Ponzi Scheme.

Last edited 1 month ago by Zig Zag Wanderer
Pflashgordon
September 10, 2021 1:06 pm

Based on their investment portfolio for 2020, those 893 MW installed capacity operated at only a 9% capacity factor for the year. A mind-numbing 9%! Can’t remotely make enough electricity to cover costs, so survival is entirely dependent on ROCs and FITs.

Mohatdebos
September 10, 2021 6:21 pm

I recall seeing a reference to a German Ph.D. dissertation that demonstrated pushing unreliable electricity beyond 30 percent would result in frequent brownouts and blackouts. Does anyone have a citation.

Dennis
September 10, 2021 8:48 pm

This article is well worth reading to learn about the wind turbine business model that aligns with this subsidy farming article …

https://stopthesethings.com/2017/03/13/born-lucky-stars-align-perfectly-for-pms-son-with-mammoth-bet-on-wind-power-outfit-infigen/

2hotel9
September 11, 2021 5:16 am

 Next Energy Solar Fund” Funny, this is exactly how organized crime and terrorist groups operate.

pigs_in_space
Reply to  2hotel9
September 11, 2021 9:31 pm

One name sticks out in the same “scamosphere”

ENRON

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