Net-Zero Runs into a Cost Wall!! Europe can’t competitively make solar, wind, batteries and EV’s

Net-Zero Runs into a Cost Wall!! Europe can’t competitively make solar, wind, batteries and EV’s

By Jo Nova

The industrial death spiral grows: Europe is the king of renewables and it’s also got the most expensive energy in the world making it impossible for the EU to make the things it needs to get to Net Zero.

The EU lost their solar panel factories to China years ago, and the wind industry worries wind turbines will be lost to China as well.

A few months ago:

Vestas chief admitted that they were losing money on every wind turbine they sell. (Good thing their orders were collapsing, eh?)

Volkswagen chief warns things are so expensive, it will not be viable to make electric cars and batteries in Europe either — which must be a bit of nasty surprise given that they just started building the first of six planned battery factoriesin Europe.

How fast those spreadsheets and balance sheets change…

Naturally, the whole industry is calling for more subsidies.

Obviously they can’t ask for what they really need, reliable, low-cost energy.

‘We are treading water:’ An energy crisis is grinding European indu... as the U.S. and China race ahead, Volkswagen warns

Tristan Bove, Yahoo News

Europe’s energy crisis is leaving the continent’s industry at a standstill, and its biggest car manufacturer says competitors are racing ahead as EU governments fail to provide enough support.

“On the international stage, Germany and the European Union are rapidly losing their attractiveness and competitiveness,” Thomas Schäfer, brand chief executive officer at German carmaker Volkswagen, wroteMonday in a LinkedIn post.

Schäfer said that Volkswagen, and other European carmakers, risk falling behind competitors in the electric car manufacturing space due to high energy prices, as the crisis puts the whole of European industry at a disadvantage.

“We are treading water,” he wrote. “I am very concerned about the current development regarding investments in the industry’s transformation. This needs to be urgently prioritized—unbureaucratically, consistently, and quickly.”

He also warned that Volkswagen could not afford to make batteries in the EU either:

Politico

“If we don’t succeed in quickly lowering energy prices in Germany and Europe, then investments in energy-intensive production, or for new battery cell factories, in Germany and across the EU will no longer be feasible,” he said.

Maybe it’s no coincidence that Volkswagen are searching for new sites for battery plants in Canada?

.

It’s a bloodbath in Europe for the wind industry

Europe’s Wind Energy Industry Has Hit A Rough Patch

Haley Zaremba, Oilpatch

…across Europe, major wind turbine makers are reporting massive losses and laying off swaths of employees. Just this month

Vestas Wind Systems, the largest maker of wind turbines in the world, reported a third-quarter loss of 147 million euros (about $151 million).

General Electric, another major wind turbine producer in the United States and Europe, reports that its renewable energy unit is likely to report a $2 billion loss at the end of the year.

Siemens Gamesa Renewable Energy, Madrid, a leading producer of offshore wind turbines, reported an annual loss of 940 million euros ($965 million) and has announced spending cuts which will incur 2,900 job losses – approximately 11% of the company’s workforce.

Here’s a clue about why wind power can’t compete:

According to the CEO of Siemens Energy, the issue is supply chains. “Never forget, renewables, like wind, roughly need 10 times the material compared to what conventional technologies need,” said Christian Bruch in an interview with CNBC’s “Squawk Box Europe. “So if you have problems with the supply chain, it hits wind extremely hard, and this is what we see.”

With slower a production rate, due to supply chain problems, the wind industry is stuck — still trying to deliver orders priced during the pre-covid era, and offering new turbines at 2023/2024 prices that are impossibly high for cash-strapped users, who are wondering why any sane person would want dysfunctional wind turbines.

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Comment by Willem Post on December 2, 2022 at 3:14pm
Rafe+Champion

All of this was completely predictable on the basis of information provided in two five-minute videos by Mark Mills. These are the first two items in the basic information pack that is circulated by The Energy Realists of... (based in Sydney of course and not to be confused with the interlopers from the north who call themselves The Climate and Energy Realists of Australia.)

The tireless Energy Realists, led by James Taylor, have produced a forensic critique of the abominable Integrated System Planproduced by AEMO.

The same team is working on a critique of the fatally flawed CSIRO GenCost study that is the basis for the ludicrous claims that are circulated about the cheapness of wind and solar compared with coal and nuclear power.

Comment by Willem Post on December 2, 2022 at 3:14pm
David Maddison

All of the above might just sound like a problem of defective technology, which of course it is.

But making energy too expensive to use, to make manufacturing non-viable, to make farming non-viable, to make being warm in winter non-viable, to make personal transport non-viable….

IT’S ALL PART OF THE PLAN

This is what the Left wants for non-Elites.

It’s an engineered roll-back to pre-Enlightenment and pre-Industrial Revolution times.

Comment by Willem Post on December 2, 2022 at 3:13pm
Sean

At some point in time, political and corporate elites have got to admit that the green energy emperor has no clothes. It will likely take a lot of working-class pain, followed by political upheaval then changes to administrations to make that happen.

Comment by Willem Post on December 2, 2022 at 3:13pm
Richard+Ilfeld

There is a giggle of schadenfreude here, but a more serious issue as well. Industry in general in the US’s largest trading partner is in a death spiral, with tens of thousands of mundane things suffering supply chain disruptions as European industry slows down; these were often the high value niche products made by few vendors in limited volume; circumstances that allowed companies to thrive in high tax high labor cost states. These individual disruptions will show up in the statistics of orders not filled, labor not utilized, and jobs not completed next spring and summer and unlike the mass layoffs of tech companies will go unnoticed by policy wonks until stagflation is firmly established. There is special knowledge in many of these companies where and how and if it will re-establish will be geopolitically important.

Comment by Willem Post on December 2, 2022 at 3:13pm
tonyb

Trn to page 16 of this report (worth reading it in full) for a fascinating analysis of the amount of materials needed to build enough wind turbines to produce the wind generated equivalent output of a gas fired power station

https://www.blackrock.com/uk/literature/interim-report/blackrock-en...

Comment by Willem Post on December 2, 2022 at 3:12pm
Zigmaster

The only reason that governments are able to pursue their crazy green policies is the lie that costs and prices will get cheaper. And each time they are faced with the reality of rising costs their response is we are not transitioning fast enough and when they speed up the transition they speed up the unreliability and increase in costs. Ultimately the solution is to acknowledge that the whole concept of climate change / global warming is a lie and the only solution is to actually stop all renewables. Not just remove subsidies, actually ban them, go back to coal, gas and / or nuclear and start the process of decommissioning those renewables that have already been installed . This situation is not resolved by trying to change the climate but trying to change the mindset of the decision makers and the voters who put them there. Ironically it is the authoritarian undemocratic regimes who ignore the net zero crap and it’s democracies who suffer. Sceptics have to get into positions of power. Unfortunately Australia is a basket case with both sides captured by the climate movement but elsewhere in the world cracks are appearing. It might take 2 years to get acceleration of this political transition with the potential of Republican sceptic as US president .The rate of increase in energy issues globally , change will by then be demand by most countries. Even in Australia the closure of two more major coal fired power stations will change the energy dynamics dramatically with political change likely in 2025 / 26 ( as long as the Liberals grow some balls).

Comment by Willem Post on December 2, 2022 at 3:12pm
tonyb

There are many ways to skin a cat-the cat this time being net zero. Germany appears to be following Holland in penalising its farmers, but instead of buying them out they want to severely restrict fertiliser use

https://www.breitbart.com/europe/2022/12/01/great-reset-germany-ban...

So less fertilier, less crops, less need to tend them, so all in all another tiny fraction of a fraction of one percent in reaching their glorious net zero goals. Mind you, wouldn’t it be better to take the farmland out of commission and plant hundreds of wind turbines on the land?

Comment by Willem Post on December 2, 2022 at 3:11pm
John Hultquist

From the second link:
The only remaining option is energy storage of some sort. The concept is to build enough wind and solar capacity to meet full demand when averaged over a year.”

The last words “when averaged over a year” present a common misconception.

The grid should be able to meet peak demand for episodic but unpredictable events. Such events may last from a few seconds to a couple of weeks.
This has been the past protocol using coal, gas, hydro, and nuclear.

Comment by Willem Post on December 2, 2022 at 3:11pm
tonyb

There hasn’t been any wind here in the Uk (and very little sun) for around 3 days, so wind turbines seem a bit superfluous. Renewables have been supplying about 5% of our power the last few days as that common winter scenario of cold, cloudy, windless weather strikes.

I would just like to repeat that excellent article by Matt Ridley

https://notalotofpeopleknowthat.wordpress.com/2022/12/01/the-tories...

Here’s that excellent article about the impossibility of sufficient Storage when the weather gods get angry and don’t cooperate.

https://www.thegwpf.org/content/uploads/2022/11/Menton-Energy-Stora...

What is depressing is that we know the many failings of green energy and their immorality-child labour and coerced workers and cost- yet still our elite and their puppets (or is it the other way round) enthusiastically promote them

It’s very difficult to believe that they don’t know as much as we do about green energy yet still they persist, which unfortunately means they are nothing less than an irrational cult

Comment by Willem Post on December 2, 2022 at 3:11pm
RobB

So the Europeans are getting a lesson on the meaning of ‘Energy Return On Energy Invested’?

Oh. What a shame.

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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