Wind Energy Crisis: Firm Ditches Flagship Projects as Economic Viability Collapses
The wind energy crisis deepens as Danish company Ørsted cancels its South New Jersey projects in the face of rising public opposition, evidence of harm to whales and collapsing economic viability. Michael Shellenberger in Public has the story.
For years, the Biden administration, environmentalists, and the wind industry have argued that the building of giant wind turbines along the East Coast was inevitable. Wind energy was already cheaper than fossil fuels, supporters claimed. And President Joe Biden made wind energy a significant priority and was photographed in a meeting with wind executives holding talking points touting its benefits.
But now, Danish wind energy company Ørsted has cancelled its South New Jersey projects, Ocean Wind 1 and 2, in the face of rising public opposition, evidence that wind industry activities were killing whales and worsening economics. Ocean Wind 1 and 2 would have sited more than 200 massive wind turbines just 15 miles away from the New Jersey shore.
Ørsted’s stock has fallen 60% this year and the New York Times estimates it will have to write off $5.6 billion in investments in the two projects. “There’s really not a Plan B right now,” confessed Jeff Tittel, the former Director of the Sierra Club’s New Jersey chapter. “It’s a political disaster.”
In reaction to Ørsted’s decision, an investment analyst told the Telegraph of London, “The wind power sector has stalled, with virtually no companies in the industry now turning a profit.”
According to the Telegraph, the announcement has raised fears that Ørsted may also cancel Hornsea 3, its flagship U.K. project, off the coasts of Norfolk and Lincolnshire. We can but hope.
The Net Zero ‘dream’ continues its long, agonising collapse. Popcorn?
Worth reading in full.
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Any comment from Alok Sharma on his decision to demolish the most efficient coal plant in Western Europe, following this news?
Could we guillotine the aforementioned eco Marxist Sharma with a worn out turbine blade? #recycling
He’s my MP. Perhaps I’ll hold him down for you
Now this is proof these appalling things don’t work in any real sense. I fear however even larger tax payer funded bail outs will be rolled out for these bird/bat munchers rather than admit defeat. The evil idiots in Westminster will test this insanity till the lights go out. Even my father was convinced by the Times they are key energy infrastructure and Putin might bomb them.
https://www.conservativewoman.co.uk/globalism-and-the-woke-reinvention-of-starmers-labour/
Basically a look at the pointlessness of our domestic politics and system:
“The parties which supposedly represent democracy in the UK are now ‘shell institutions’, eviscerated of domestic political meaning and action. Both mainstream parties know that their best chance of getting elected is to align to values, beliefs and policies which emanate, not from their electorate, but from the increasing influence of globalist politics. Come the general election, perhaps Labour will prove to have danced more closely with the pied pipers of the billionaire/technocratic tie-up.”
wink
https://www.conservativewoman.co.uk/anatomy-of-a-shameful-tory-witch-hunt/
The Free Speech Tories – in free speech UK.
What a joke.
I fully agree that “Pride is a sin not a virtue”
I also fervently hope that “Pride comes before a fall” and they’ll simply go too far to be able to hide what they are really like
We have got serious problems when quoting from the Bible is offensive. I wonder how far a complaint about a brown bloke calling for ‘jihad’ would go?
Only joking.
This news must be a bit of a pfisser for the PTB.
Just as wind power – we are told – is so cheap they are almost giving it away. Wind power never was viable because: it is not possible to supply continuous output, output at best would be 30% of capacity this would mean insufficient revenue from sale of electricity to cover cost of operations, capital cost, and provide return on investment the business could only be viable if heavily subsidised if subsidies are reduced or removed the business is not viable Everyone knew this from the outset which is why subsidies were offered and operators seized the opportunity to share in the plunder whilst it lasted. It is now evident, as more and more wind comes into the mix, subsidies will have to increase, and gas operators will also require subsidies as they suffer from the same revenue constraints having to give way to wind power whenever the wind conditions are right, whilst having to remain in back-up mode consuming gas. This will so drive up electricity prices as to cause street riots, and that is not politically acceptable, so the scam will have to be wound down. Wind, solar, BEVs were only viable in start-up, but once scaled up… Read more »
Correct. It is part time energy that cannot provide base load and if it is so cheap why are all the countries using a lot of it having the most expensive electricity? Like eg Germany Denmark and ourselves. Wind energy is the energy we are being fobbed of with because our UN lackey politicians pander to the idea that the western world has used up more than our fair share of the fossil fuels in the ground. ——-The climate crisis scaremongering is just the excuse used to brainwash people into accepting the need for wind, and heat pumps and wearing 5 jumpers to keep warm in their own house.
“The wind power sector has stalled, with virtually no companies in the industry now
turning a profit.”able to scam any meaningful money out of taxpayers.”Fixed it.
Owners of wind farms are just Subsidy Farmers. No one in their right mind mind would ever build a turbine without the subsidy as they wouldn’t make any money.
Meanwhile in Australia the government is still sinking billions into covering what arable land we have with solar panels and building offshore windfarms. One is planned off Geographe Bay in Western Australia, a known whale migration route. Australians aren’t allowed to even fish recreationally in much of these waters, but you can construct massive wind turbines.
Gosh, it looks like the “real-world” sceptics are right again.
Colour me surprised.
Wind is indeed the dumbest energy. So why are we using it? Are our politicians all over the western world dumb? —-Good question. No, they are not dumb in the sense that they would fail all their exams at school. They are a different kind of dumb. Most of them would not be able to explain the so called “climate change” to five year olds. They will mostly not know how much CO2 is in the atmosphere, or how much of it comes from human activity. But they don’t need to know. They are not required to know, because all they need to do is say “we are following the science”. All that is required of them is that they follow the group think and be part of the “save the planet” herd. A couple of months ago Grant Schaps, then the Energy Security and Net Zero Minister was asked on GB News if heat pumps are any good. His answer was quite astonishing. —-He said “I don’t know”——–Think about that for a second. This is a bit like a welder not knowing what a welding rod is, yet no one seems to bat an eyelid.—– It has been decided… Read more »
Wind-power, a medieval technology, driving a 21st century world! Any politician who is in favour should be locked up in an asylum.
Not sure what to make of this other than it looks like wind energy isn’t as economically sound as its proponents make out. On the other hand coal is very polluting and fossil fuels will run out one day, and before then become increasingly expensive.
I read the article in the telegraph about this. The company basically let the cat out of the bag by saying the project can only go ahead if the subsidies increase.