Offshore Wind is no breeze
This may just be a tad too radical for some, but I believe there’s a chance the great offshore wind boom is in serious danger of coming to a screaming halt and for the consumer, this may not be a bad thing. In fact, the more I think about it the more I believe that it may be a very good thing. Why? Well, let’s do the easy bit first. For Scotland, the industrial benefit of offshore wind is extremely limited and if the offshore wind industry disappeared overnight, it wouldn’t be as huge a loss to us as it would to countries such as Denmark, Germany and of course, China. You can argue about that amongst yourselves but anyway what’s much more likely to put the brakes on offshore wind is that the cost of offshore wind projects has increased dramatically and it’s increasingly difficult to see how to make money out of it without huge government guarantees and yet the minimum strike price being offered by governments under contracts for difference deals hasn’t been high enough to deal with that. It’s the reason the Danish Energy Agency didn’t receive a single bid for any of the three offshore wind farms last month. more, >>CLICK TO READ<< 08:25 By Dick Winchester
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