Reposted from NOT A LOT OF PEOPLE KNOW THAT
OCTOBER 28, 2021
By Paul Homewood
More evidence that offshore wind will cost much more then claimed.
From Net Zero Watch:
London, 28 October – New data confirms that offshore windfarm costs remain at very high levels, having only fallen slightly in recent years.
Net Zero Watch has compiled the audited accounts of every commercial UK offshore windfarms, together with the associated generation data from Ofgem. This work updates a series of earlier studies of offshore wind in the UK, which reached similar conclusions.
The Prime Minister told MPs recently that the cost of offshore wind power has dropped by 70 per cent in the last decade. He used this to justify his claim that Net Zero can be achieved at modest cost.
The new findings show that he is wrong about the cost of wind energy and that Net Zero will cost hundreds of billions of pounds extra.
Ministers’ claims have been made on the basis of the low bids made to Contracts for Difference auctions by several offshore windfarms. However, the first of these – Moray East – has now published its 2020 accounts, which suggest that its construction cost will be similar to other recent windfarms.
Net Zero Watch’s Andrew Montford said:
“Except for the wind lobby, there is now widespread agreement that Contracts for Difference results do not reflect underlying costs. The hard data from audited accounts is now giving unequivocal backing to this reality. It is clear that offshore wind is extremely expensive, and will remain so for the foreseeable future”.
The chairman of the parliamentary Net Zero Scrutiny Group, Craig Mackinlay MP, said:
“Boris Johnson assured me that the cost of offshore wind has fallen by 70%. Sober analysis shows beyond all reasonable doubt that this is not the case. Not only does this show that the PM is being given flawed information by his advisers, the public is being led into a cost and energy security disaster.”
Details of the findings can be found at the Net Zero Watch website.
And where do these claims about cheap wind power come from? The Committee on Climate Change:
Not to worry, just reach developing nation status and you can get grants from the UN green fund and borrow from the IMF.
It doesn’t matter what wind power costs. The only reason to build any at all is to reduce atmospheric CO2. Otherwise, why bother. There are currently over 341,000 wind turbines on the planet.
Meanwhile, 30 years since the Kyoto protocols, worldwide CO2 levels keep rising as measured by the Mauna Loa observatory.
If you can’t make onshore wind viable without subsidies, it does not take an Einstein to know that off-shore is less viable and deep water will be worse. Our elites are morons.
They are making too much money to be morons. The key to the scam is a non-performing press.
Wow! What did that report cost to produce? Does that cost get added to the LCOE for wind farms to pay or does the ever suffering public wear it?