Tag Archives: pipe dream
Pipe Dream: The wind and solar power myth has finally been exposed
Many governments in the Western world have committed to “net zero” emissions of carbon in the near future. The US and UK both say they will deliver by 2050. It’s widely believed that wind and solar power can achieve this. This belief has led the US and British governments, among others, to promote and heavily subsidize wind and solar. These plans have a single, fatal flaw: they are reliant on the pipe dream that there is some affordable way to store surplus electricity at scale. Wind and solar need to be backed up, close to 100 per cent, by some other means of power generation. If that backup is provided by open-cycle gas or worse, coal, net zero will never be achieved: nor anything very close to it. >click to read< 09:02
Doomed to Fail: In the Northeast and Mid-Atlantic, a quiet reckoning over offshore wind
Crippling European electricity prices, soaring Northeastern heating bills, looming diesel-fuel shortages, and OPEC+ drama have captured headlines for months. More quietly, offshore-wind energy developers are discovering their projects’ economic infeasibility, undermining states’ offshore-wind goal of generating 40,000 MW by 2040. The Biden Administration must recognize this is a pipe dream, or it will cost Americans billions trying to salvage an industry doomed to fail. October brought the first sign of troubles,,, Massachusetts’ Commonwealth Wind, Mayflower Wind project, New Jersey Ocean Wind. All three project developers originally negotiated prices far above wholesale market prices. All three qualified for a production tax credit and additional offshore-wind state tax credits. All three will qualify for a new 30 percent offshore wind investment tax credit which was not available when they made their initial bids. Yet this federal and state largesse has still failed to keep the projects afloat. >click to read this< 18:17
