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Investors’ Falling Appetite For Wind As Subsidies Drop

June 5, 2016

By Paul Homewood 

 

According to Hugh McNeal, Chief Exec of Renewable UK, onshore wind is now the cheapest form of new generation in Britain.

Perhaps he has not read his own organisation’s report last on the UK’s wind industry.

 

 

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http://www.renewableuk.com/en/publications/index.cfm/state-of-the-industry-report-2015

 

If wind power is so cost efficient, why should it need any “government backing” at all? Should it not stand on its own two feet, just like conventional generators?

7 Comments leave one →
  1. David Richardson permalink
    June 5, 2016 6:31 pm

    “If wind power is so cost efficient, why should it need any “government backing” at all? Should it not stand on its own two feet, just like conventional generators?”

    Yes Paul – absolutely.

  2. John F. Hultquist permalink
    June 5, 2016 7:15 pm

    As the sham progresses sufficient wind power will become available such that none of the sources of power will be economical (investment grade). Taxes and fees will have to keep the inefficient system operational. We are seeing a slow motion nationalization of the electrical sector. If one thinks of a society as an organism – this government growth is parasitic. Wealth is lost and entrepreneurship in the segment killed. Smart people will look elsewhere for their rewards.

    Is this by design, or is this a failure?

    • June 6, 2016 10:20 am

      I think that power stations will become like tanks and warships, the cost of construction will have to be paid for up-front. If companies can only recover costs via an unknown number of MW generated, at unknown prices, the risk-premium will go through the roof.

  3. Billy Liar permalink
    June 5, 2016 9:53 pm

    ‘Investment climate is less favourable’ = not so much free money.

  4. Andrew Duffin permalink
    June 6, 2016 7:25 am

    “Especially worrying for the government…”

    wtf?

    Can they not distinguish between a bug and a feature?

    Less “investment” (aka wasted money) on windmills is the desired result of the government’s actions, not something to regret or worry about. Tossers.

  5. AndyG55 permalink
    June 6, 2016 9:13 am

    “Peak Renewables” = as soon as the subsidies and feed-in mandates are removed

  6. June 7, 2016 11:13 am

    Reblogged this on Petrossa's Blog.

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