Wind and solar CANNOT POWER MODERN SOCIETY...not even close, and the investors are bailing like rats from a sinking ship as REALITY exposes the great deficiencies of both.
Until we develop a "room-temperature super-conductor", they will remain inadequate.
Why wind and solar power are running out of juice
Green energy and the push to electrify everything have been in the news recently but for all the wrong reasons.
Instead of the green energy nirvana politicians and green energy advocates have promised, economic and physical reality has begun to set in.
Start with the economic realities.
Wind turbine manufacturers like Siemens and General Electric have reported huge losses for the first half of this year, almost $5 billion for the former and $1 billion for the latter.
Among other problems, turbine quality control has suffered, forcing manufacturers such as Siemens and Vestas to incur costly warranty repairs.
In Europe, offshore wind output has been less than promised, while operating costs have been much higher than advertised.
Offshore wind developers in Europe and the US are canceling projects because of higher materials and construction costs.
In Massachusetts, Avangrid, the developer of the 1,200 MW Commonwealth Wind project paid $48 million to get out of its existing contract to sell power to ratepayers.
That way, the company can rebid the project next year at an even higher price.
Close by, the developers of the 1,200 MW SouthCoast Wind Project off Martha’s Vineyard will pay about $60 million to exit their existing contract.
Homeowners and building owners will be forced to replace gas- and oil-burning space and water heaters with electric heat pumps.
And, gas stoves will be regulated out of existence.
~New York also will soon implement another California import: a carbon “cap-and-invest” program, which will impose a tax on fossil fuels sold by wholesalers and utilities.
Rhode Island Energy, the state’s main electric utility, recently rejected the second Revolution Wind Project because the contract price was too high.
.
~Homeowners and building owners will be forced to replace gas- and oil-burning space and water heaters with electric heat pumps.
New York also will soon implement another California import: a carbon “cap-and-invest” program, which will impose a tax on fossil fuels sold by wholesalers and utilities.
~ The billions of dollars collected each year will provide a green slush fund, allowing the governor and legislators to hand out money to their politically favored cronies, as has so often been the case in the past.
Washington State began its “cap-and-invest” program in January of this year.
Modeled after California’s, Governor Jay Inslee promised the program would have “minimal impact, if any. We are talking about pennies.”
Instead, the program has raised gasoline prices – almost 50 cents per gallon so far this year. Washington State now claims the honor of having the highest gasoline prices in the nation: In Seattle, for example, the average price of regular gasoline is over $5 per gallon.
https://www.msn.com/en-us/money/oth...p&cvid=ba78869c2de341c89c4e62ca251c1173&ei=12
Until we develop a "room-temperature super-conductor", they will remain inadequate.
Why wind and solar power are running out of juice
Green energy and the push to electrify everything have been in the news recently but for all the wrong reasons.
Instead of the green energy nirvana politicians and green energy advocates have promised, economic and physical reality has begun to set in.
Start with the economic realities.
Wind turbine manufacturers like Siemens and General Electric have reported huge losses for the first half of this year, almost $5 billion for the former and $1 billion for the latter.
Among other problems, turbine quality control has suffered, forcing manufacturers such as Siemens and Vestas to incur costly warranty repairs.
In Europe, offshore wind output has been less than promised, while operating costs have been much higher than advertised.
Offshore wind developers in Europe and the US are canceling projects because of higher materials and construction costs.
In Massachusetts, Avangrid, the developer of the 1,200 MW Commonwealth Wind project paid $48 million to get out of its existing contract to sell power to ratepayers.
That way, the company can rebid the project next year at an even higher price.
Close by, the developers of the 1,200 MW SouthCoast Wind Project off Martha’s Vineyard will pay about $60 million to exit their existing contract.
Homeowners and building owners will be forced to replace gas- and oil-burning space and water heaters with electric heat pumps.
And, gas stoves will be regulated out of existence.
~New York also will soon implement another California import: a carbon “cap-and-invest” program, which will impose a tax on fossil fuels sold by wholesalers and utilities.
Rhode Island Energy, the state’s main electric utility, recently rejected the second Revolution Wind Project because the contract price was too high.
.
~Homeowners and building owners will be forced to replace gas- and oil-burning space and water heaters with electric heat pumps.
New York also will soon implement another California import: a carbon “cap-and-invest” program, which will impose a tax on fossil fuels sold by wholesalers and utilities.
~ The billions of dollars collected each year will provide a green slush fund, allowing the governor and legislators to hand out money to their politically favored cronies, as has so often been the case in the past.
Washington State began its “cap-and-invest” program in January of this year.
Modeled after California’s, Governor Jay Inslee promised the program would have “minimal impact, if any. We are talking about pennies.”
Instead, the program has raised gasoline prices – almost 50 cents per gallon so far this year. Washington State now claims the honor of having the highest gasoline prices in the nation: In Seattle, for example, the average price of regular gasoline is over $5 per gallon.
https://www.msn.com/en-us/money/oth...p&cvid=ba78869c2de341c89c4e62ca251c1173&ei=12
