yes, wind power is scam and it is ugly. burning coal is using the gift of earth elaborated in the past. does not australia export a lot of coal? what happens to this coal?
Whatever the actual amount of consumption, it could seriously diminish any claim of providing a significant amount of energy. Instead, it looks like industrial wind power could turn out to be a laundering scheme: "Dirty" energy goes in, "clean" energy comes out. That would explain why developers demand legislation to create a market for "green credits" — tokens of "clean" energy like the indulgences sold by the medieval church. Ego te absolvo.
Consumption of Electricity by Wind Turbines [AWEO.org]
Report on the use of electricity by wind turbines.www.aweo.org
Talk about delusions...
Only wind energy doesn't work. And to the very, very small degree that renewables do work, they don't provide base load supply - for that you need coal, nuclear or natural gas. What's more, you need to balance out the unreliable renewables, which only works with power plants that you can easily turn up or down - which only works with natural gas!! So if they don't want coal or nuclear, then I know someone who's gonna like the plan:
A lot of it is simply a scam to make tons of easy money for the "Green Industrial Complex" and its tax-funded cronies, IMO. There's a reason for the recent scandal in Germany where family and business ties ran right across "green" ministries, NGOs and "green" businesses. These networks are all over the place and hugely profitable.
An electric car was suspected in the blaze raging aboard a cargo ship off the Netherlands on Wednesday, which authorities fear could burn for days and threaten nearby natural sites.
Fires on car-carrying ships were increasingly the source of major losses, insurers said.
Last year the Felicity Ace sank of the coast of the Azores in the Atlantic Ocean with some 4,000 vehicles from German car maker Volkswagen on board.
Electric car suspected in ship fire off Netherlands
An electric car was suspected in the blaze raging aboard a cargo ship off the Netherlands on Wednesday, which authorities fear could burn for days and threaten nearby natural sites.www.france24.com
After the incident, electric vehicles onboard were widely suspected as the culprit that contributed to the intensity of the blaze. As a result, some auto shipping companies have since refused to transport used EVs, opting to lose that business instead of risking a potentially devastating fire.
It's estimated that Japan's Mitsui OSK Lines suffered a $500 million loss due to the ship's sinking. There have been no known attempts to reach the wreck at the bottom of the ocean.
It's Been Exactly One Year Since the Felicity Ace Caught Fire With Nearly 4,000 Cars Onboard
The Felicity Ace was carrying 189 Bentleys, over 1,000 Porsches, and the final batch of Lamborghinis Aventadors when it sunk off of Portugal.www.thedrive.com
That's one way to go supernova! Shipping electric cars is dangerous business!
The flat rate podium: Germany
Smart meters are a must for dynamic rates. In Germany, these are completely lacking. Traditionally in many countries, especially those highlighted in blue for the peak/off-peak rates, it was usual to have two meters in the meter cabinet (sometimes even three): one registered the off-peak hours and the other registered consumption during the peak hours. Even before EV become popular, peak/off-peak tariffs existed in those countries. In Germany, historically this was never a thing: that is why nowadays it is still very common to have a flat rate.
Jedlix
www.jedlix.com
According to MoneySavingExpert, while suppliers’ average daytime ‘peak’ rates ranges from around 39p–45p per kWh, when it comes to the overnight ‘off peak’ rate this drops to between 14p and 22p depending on your supplier.
Mountford explains: “At the moment, EDF is the best offer when it comes to the cheapest night rate on an Economy 7 tariff, but it’s worth noting it does come with the highest day rate.”
Based on an EDF economy 7 tariff, the day rate for electricity is 44.97p per kWh, whilst the night rate is 14.85p per kWh.
Is electricity cheaper at night in the UK? Economy 7 explained - Look After My Bills
Households with an Economy 7 meter can get cheaper electricity at night – but bills could soar if you don’t check when the cheap rate kicks in You canlookaftermybills.com
EU’s largest economy spending billions to replace nuclear power
Germany is set to make a large investment in four gas-fired plants, the government has announced
Germany is set to spend €16 billion to construct four gas-fired power plants as it seeks to ensure an adequate supply of electricity after scrapping its nuclear reactors, the Economy Ministry announced earlier this week.
This comes as part of a major overhaul of the country’s energy grid, according to the ministry.
The new gas-fired power plants will subsequently be converted to run on hydrogen between 2035 and 2040. A market-based capacity-boosting mechanism will allow power generation to be expanded by 2028, German officials said in a statement.
The plants will have a total capacity of up to 10 gigawatts (GW), which will come “in addition to the consistent expansion of renewable energies,” and are expected to be vital to ensuring steady electricity supplies “even in times where there is little sun and wind.”
German energy utility Uniper, which will reportedly be involved in the construction, said it was “relieved” that the decision to build the new plants has been made, adding that “swift action is urgently needed because the approval process and the actual construction of power plants and storage facilities will take several years.”
The EU’s top economy, which prior to the Ukraine conflict fueled its industry with Russian gas, had to ramp up electricity imports last year after the government decided to scrap nuclear power as it moves toward renewable energy sources.
Last April, Germany shut down its last three nuclear reactors despite warnings that doing so would actually cause more fossil fuels to be burned.
Germany has set itself a target of cutting greenhouse emissions by 65% by 2030, a plan even more ambitious than the one set by the EU as a whole. However, a report last year by the Federal Environment Agency showed that the goal is likely to be missed as the protracted energy crisis has pushed the switch to renewables in the country down the agenda.
EU’s largest economy spending billions to replace nuclear power
Germany plans to build four gas-fired plants after shutting down its nuclear reactors, the Economy Ministry sayswww.rt.com
wattsupwiththat.com
Three things stand out here.
One is that Sweden does not appear to have our system of constraint payments:
Second is the fact that low winds mean high market prices, and vice versa. Obviously wind farms make their money when the wind blows, so low prices at those times drastically impact earnings.
In the UK, the CfD subsidy protects wind farms from these fluctuations, whilst ROC subsidies are generous enough to offset low market prices.
And thirdly, the article rightly notes that wind farms don’t have to pay for grid adaption and other wider system costs.
New York To Pay $155 Per Megawatt Hour For Wind-Power, Current Rate Is $36 Per MWH
BY TYLER DURDEN
SATURDAY, AUG 24, 2024 - 09:10 PM
Authored by Mike Shedlock via MishTalk.com,
It currently costs NY about $36 per MWH for energy. But the state demanded wind. Let’s discuss the amazing bottom line results.
So Much for So Little
The Wall Street Journal asks Why Is New York Paying So Much for Wind Power?
New York state signed a contract in June to buy electricity generated by two large wind farms, Empire Wind 1 and Sunrise Wind, off the coast of Long Island. The projects are expected to begin in 2026 and 2027, with power delivered to Brooklyn (Empire) and Long Island (Sunrise). The state will pay $155 and $146 per megawatt-hour, respectively. These prices are steep, at least four times the average grid cost paid over the past year.
States agree to pay wind-power operators—known as the “offtake price”—based on a project’s “break-even cost,” the estimated bill for building and operating the wind farm over its useful life. That is undoubtedly part of the problem. The offshore wind business off the East Coast is in turmoil. Operators have canceled projects from Massachusetts to Maryland that were due to be constructed in the next four years. Some have been delayed, while others have renegotiated their contracts at prices 30% to 50% higher than originally promised.
Two widely quoted sources of break-even costs are the U.S. Energy Information Administration and Lazard, an investment bank. In its most recent estimates, the EIA suggests the average break-even cost of offshore wind farms, adjusted to 2024 prices, is $131 per megawatt-hour, not counting government subsidies, and $101 per megawatt-hour after allowing for basic tax credits. The latter figure is what matters, because every offshore wind farm expects to take advantage of investment or production tax credits under the Inflation Reduction Act.
EIA Says Wind is Not Economical
Let’s pause right there because wind is absurd by any measure.
The cost of wind is $131 per MWH without credits and $101 with $30 in tax credits according to the EIA.
A handout of $30 is an 83 percent subsidy (30/36) and the deal still is still nearly 100% per MWH in the red, losing $35 per MWH over the cost of buying energy at market rates.
A Sweetheart Deal
The deal (thank you team Biden and New York), will pay $155 and $146 per megawatt-hour, respectively to Empire Wind 1 and Sunrise Wind.
The owner-operators of the two farms—Equinor for Empire and Orsted for Sunrise—are two of the top five global wind-farm investors and operators. Equinor is Norway’s state oil company, while Orsted previously was Denmark’s.
With a break even cost of $101 (thanks to subsidies), Equinor will make $54 per MWH and Orsted will make a mere $45 per MWH on something whose total cost should be $36 per MWH.
The Journal calculates Equinor and Orsted (foreign corporations) will each receive a total subsidy of more than $3 billion courtesy of U.S. taxpayers.
The Journal asks “Did New York sign an agreement that allows large wind-farm operators to earn unreasonably high after-tax profits at the expense of its residents?”
I believe the math speaks for itself.
Not only will New Yorkers pay over four times the going rate for energy, the US will send $3 billion to foreign companies to do so.
Congrats team Biden and New York State.
Another Green Energy Company Declares Bankruptcy
Meanwhile, Another Green Energy Company Declares Bankruptcy, Thank Biden’s Tariffs
And in case you missed it Ford Loses $132,000 on Each EV Produced, Good News, EV Sales Down 20 Percent
