Wind Energy Economics Explained in Under 4 Minutes

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Video: The Heartland Institute
Communities across the United States and Europe were told that building more wind turbines would bring electricity prices down. Instead, prices went up, and in many cases went up faster than almost anywhere wind wasn’t mandated.

Heartland Institute’s Linnea Lueken walks through the real economics of wind energy: the subsidies keeping it alive, the hidden costs the industry leaves off its spreadsheets, and why offshore wind has the worst value-to-cost ratio of any new power source on the grid.

The levelized cost of electricity figures used to make wind look affordable leave out repair, replacement, and removal costs. They also ignore the expensive backup power that has to sit on standby for when the wind isn’t blowing, or when it’s blowing too hard for the turbines to even run. Those costs are real. They just get quietly passed on to you.

Wind is only eight percent of world electricity despite decades of subsidies and mandates. That should tell you something

The wind and solar ‘industries’ are easily the most hated corporate enterprises in modern history. Whole communities despise their operators, and reserve particular venom for the spin doctors and PR hacks employed to run “community engagement” programs.

You know, the barefaced liars who pretend to care about your township, community and homes, and who turn up at local Town Halls ready to sprinkle a few $thousand here and there, aiming to purchase a social licence that long ago turned to vapour .. Full article

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