From NOT A LOT OF PEOPLE KNOW THAT
By Paul Homewood
h/t Hugh Sharman
If wind power was so cheap, you would think they would be queuing up to build them:
The Danish Energy Agency has not received a single bid for any of the three offshore wind farms in the North Sea, the agency said in a statement.
Thursday at 14:00 there was a deadline if energy companies would give an idea of whether and how they will build Denmark’s largest supply of offshore wind turbines in Danish history.
But no one has signed up.
Discover more from Watts Up With That?
Subscribe to get the latest posts sent to your email.
Oooops!
Reality is a bitch, ain’t it?
The end of highly subsidized, grossly dysfunctional, grid disturbing, environment damaging wind and solar is nearer than you think. A few more years of losses and it is finally over
These huge 850 ft tall wind turbines are very difficult to design, manufacture, transport, build, erect, service and maintain, and, at end of life, to dismantle and dispose of in hazardous waste land fills, which means capital and operating costs are very high, which means levelized production cost, c/kWh, are very high.
Bank and insurance companies view these projects as risky, meaning high interest rates on loans and high premiums.
The moneyed elites and their self-serving advisors finally hit the proverbial BRICK WALL.
Danish bacon continues to sell. But then, people want it.
A swap: wind turbines for title to Greenland.
A swap with whom?
They are just waiting for the government to come back with an even higher strike price (bribe / subsidy) than they have already been offered. It worked for them in the UK, where our govt gave them a 70% rise on their already outrageous bung from we taxpayers. The new strike price will increase UK electricty prices even more – we already have the highest in the world!
higher than Germany?
California (I) pays 36¢ Off Peak and 54¢ On Peak
Anyone beat that?
Does this help?
It shows that Industrial service pricing is much lower than Residential service
Looks like energy only, i.e., excluded ‘wires’ and other charges?
Only future California when Diablo Canyon shuts down in five years or less, and we have at least 25% more solar and a couple hundred floating offshore wind turbines and Arizona, Washington, and Oregon have less surplus for export. We still have a good chance of getting to $1.00/KWh peak residential by 2030. The Green’s will be happy, high prices reduce consumption.
Worked in New York State,too.
It’s easy to see how this works: everybody seems to think everybody else is going to the same place. Policies are made, subsidies in place resulting in positive outcomes sometime in the future but linear in process. The great hope of a better future and dismiss naysayers and critics. Somewhere along the line reality starts to bite and people start to doubt the bright future, will then look more closely at return of investment and risk and the pendulum swings the other way. Politicians dont care about spending other people’s money. They are never accountable except in elections. That is their fear. This ship is coming around. The ones who never really believed the green dream but went along are turning away.
“”everybody seems to think everybody else””
Ed Miliband is but one pathetic person. But what he thinks, goes. And he thinks he is the net zero pied piper; everyone will follow.
I see your Ed Miliband and raise you our Chris ‘Blackout’ Bowen (in Oz)
Deuce
Oh noes! The bloom is off the rose.
Lars needs to be replaced with someone who understands engineering.
Well there’s a clear signal that the truth has escaped from behind the curtain. People apparently don’t want an economy where wealthy privileged elites tell everyone else what they are allowed to buy, how much, at what cost and when, and this is especially applicable to energy which feeds all other fundamental services in our economies. As governments can still be fired for failing to provide essentials, the green trough feeders have learned their unearned profits are no longer guaranteed.
This looks like an opportunity $$$$$$$!
I’ll be submitting my proposal. $$ 50% up front of course.
This isn’t strictly a North Sea problem, folks aren’t buy wind farm energy from Wyoming either:
https://cowboystatedaily.com/2024/11/20/14-year-old-casper-wind-farm-has-not-turned-a-blade-in-at-least-3-years/
Four years without rotating I guessing they are all junk now.
Just because the blades aren’t turning does not mean that they haven’t turned a profit for someone.
Wyoming should be expected to follow California’s lead. We consider ourselves the champions of all things green. We simply leave them to rot in the environment because the scrap value is less than dismantling. Once the 10 year tax credits expire most turbines once they require extensive maintenance are “retired in place” or sometimes “temporarily mothballed” if the permit requires removal when decommissioned. The alternative is to “refurbish” the 10-12 year old turbines to reset the 10-year tax credit clock. Chevron, big oil, should expect to be sued to spend $billions for “clean up”, don’t expect “fair and equal”.
Contrast 1000 safe, passive cool-down, breeder nuclear fission reactors, with the 1,000,000 5MW wind turbines they replace.
One-thousandth the space. Complete reliability. Each plant operates for 75 years rather than 15 years for wind turbines. One-fifth the actual cost.
One electron is exactly the same as another, no matter the source.
AND, the nuclear reactors produce residual heat which can drive reactions to produce hydrocarbons from CO2, drive chemical reactions, and heat homes and showers,
Even dated, conventional light water NuScale SMR who has already ordered long lead time components for their first few 77 MW reactors would be fine.
Something’s rotten in Denmark.
Not just Denmark. The rot has spread far and wide. Fortunately there seems to be an effective fungicide emerging.
Men go mad in herds but recover one by one.
The Danish government should determine how many megawatts of energy they need then ask for bids. The bidders will be on the basis of how much energy they can deliver day in and day out not name plate. All bids are to be received on an equal basis, no bidder gets preferential tax treatment or subsidies.
Yes, that’s how it should work but then the strike price would need to be at least 5x higher instead of 50% higher
What if they had a war and nobody came?
The will as soon as the profit margin gets large enough/