Blackout News here reports on how a growing number of German industrial companies are relocating their production abroad, driven by soaring energy costs, stifling bureaucracy, and an increasing tax burden.
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As Germany is aiming to get greener, more companies are shuttering, moving out.
A recent survey by the German Chamber of Industry and Commerce (DIHK) reveals, a staggering 35 percent of companies now cite cost reduction as the primary motivation for their foreign investments – the highest such figure since the 2008 financial crisis.
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That’s worrisome news for the country, which recently voted for a change in national elections.
However, election winner Friedrich Merz has since broken his major campaign promises and instead will pledged to
1) further accelerate the destructive green policies and
2) seek a constitutional amendment to pile on debt like never before.
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German companies looking for business-friendlier environments
The DIHK reports, the traditional driver of tapping into new markets abroad now accounts for just 30 percent, and that instead the focus has sharply shifted towards securing economic advantages in locations with more favorable cost structures.
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Little hope of reform
Energy-intensive industries are particularly feeling the pinch, facing intensified international competition that is accelerating the trend of relocation.
Although ongoing coalition negotiations between the CDU, CSU, and SPD are grappling with ways to reduce electricity taxes and halving grid fees, companies are skeptical these steps will stem the hemorrhaging.
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DIHK President Peter Adrian has called for “more freedom, lower costs and faster administrative action” to restore Germany’s competitiveness.
Germany’s business attractiveness as an investment destination is demonstrably declining and has reached a critical juncture.
Domestic investment is weak with two out of five industrial companies planning to scale back their investments within Germany.
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Merz breaks all his major campaign promises
Without swift and comprehensive reforms, the long-term competitiveness of Germany as a business location faces a significant threat, potentially leading to a further exodus of its vital industrial base, warns Blackout News.
As Germany’s CDU party led by Friedrich Merz negotiates with the SPD socialists on forming a new government, early signals are showing that things are going to get a lot worse instead of better as Merz breaks his campaign promises. In a recent survey, almost 75% of respondents feel they got duped by Merz.
On top of that, German militarism is on the rise. Germany wants to greatly increase spending on armed services personnel, and upgrade armaments.
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HIGH COST/kWh OF W/S SYSTEMS FOISTED ONTO A BRAINWASHED PUBLIC
https://www.windtaskforce.org/profiles/blogs/high-cost-kwh-of-w-s-s...
By Willem Post
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What is generally not known, the more weather-dependent W/S systems, the less efficient the other, traditional generators, as they inefficiently counteract the increasingly larger ups and downs of W/S output. See URL
https://www.windtaskforce.org/profiles/blogs/fuel-and-co2-reduction...
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W/S systems add great cost to the overall delivery of electricity to users; the more W/S systems, the higher the cost/kWh, as proven by the UK and Germany, with the highest electricity rates in Europe, and near-zero, real-growth GDPs
At about 30% W/S, the entire system hits an increasingly thicker concrete wall, operationally and cost wise.
UK and Germany have hit the wall, more and more hours each day.
The cost of electricity delivered to users increased with each additional W/S/B system
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Base-load nuclear, gas and coal plants are the only rational way forward, plus the additional CO2 is very beneficial for additional flora and fauna growth and increased crop yields to feed hungry people.
https://www.windtaskforce.org/profiles/blogs/we-are-in-a-co2-famine
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Subsidies shift costs from project Owners to ratepayers, taxpayers, government debt:
1) Federal and state tax credits, up to 50% (Community tax credit of 10 percent – Federal tax credit of 30 percent - State tax credit and other incentives of up to 10%);
2) 5-y Accelerated Depreciation write off of the entire project;
3) Loan interest deduction
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Utilities pay 15 c/kWh, wholesale, after 50% subsidies, for electricity from fixedoffshore wind systems
Utilities pay 18 c/kWh, wholesale, after 50% subsidies, for electricity from floating offshore wind
Utilities pay 12 c/kWh, wholesale, after 50% subsidies, for electricity from larger solar systems
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Excluded costs, at a future 30% W/S annual penetration on the grid, based on UK and German experience:
- Onshore grid expansion/reinforcement to connect distributed W/S systems, about 2 c/kWh
- A fleet of traditional power plants to quickly counteract W/S variable output, on a less than minute-by-minute basis, 24/7/365, which leads to more Btu/kWh, more CO2/kWh, more cost of about 2 c/kWh
- A fleet of traditional power plants to provide electricity during 1) low-wind periods, 2) high-wind periods, when rotors are locked in place, and 3) low solar periods during mornings, evenings, at night, snow/ice on panels, which leads to more Btu/kWh, more CO2/kWh, more cost of about 2 c/kWh
- Pay W/S system Owners for electricity they could have produced, if not curtailed, about 1 c/kWh
- Importing electricity at high prices, when W/S output is low, 1 c/kWh
- Exporting electricity at low prices, when W/S output is high, 1 c/kWh
- Disassembly on land and at sea, reprocessing and storing at hazardous waste sites, about 2 c/kWh
Some of these values exponentially increase as more W/S systems are added to the grid
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The economic/financial insanity and environmental damage of it all is off the charts.
No wonder Europe’s near-zero, real-growth economy is in de-growth mode.
That economy has been tied into knots by inane people.
YOUR tax dollars are building these projects so YOU will have much higher electric bills.
Remove YOUR tax dollars using your vote, and none of these projects would be built, and YOUR electric bills would be lower.
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