There is no smart way or rational path to a renewable future

"The Texas grid did not almost fail on September 6 because it was too hot outside. The Texas grid did not almost fail because Texans were using too much electricity. The Texas grid almost failed because $29 billion of federal, state, and local subsidies over the last 18 years have left Texans relying on renewable energy sources that cannot generate electricity when it is most needed."

Energy Emergency Alert! ERCOT's Close Call of September 6 (Part I) ...

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Comment by Willem Post on September 12, 2023 at 2:34pm

US/UK 56,000 MW OF OFFSHORE WIND BY 2030; AN EXPENSIVE FANTASY  

https://www.windtaskforce.org/profiles/blogs/biden-30-000-mw-of-off...

 

The US government has the insane fantasy of wanting to build 30,000 MW of offshore by 2030, i.e., just 7 years, but several companies, building projects for Massachusetts, will be allowed to walk away from the signed PPAs, and rebid at much higher prices next year.

 

The UK government has the insane fantasy of wanting to build 26,000 MW of offshore by 2030, i.e., in just 7 years,

 

The continent-based European big wind companies have only one third of the capacity per year for building 56,000 MW offshore by 2030, or 8,000 MW/y. These companies will concentrate on the U.S. market, because the Biden "Inflation-Reduction-Act” subsidies are about much higher than in the UK

 

1) Vattenfall, Sweden, has put 1,400 MW on hold in 2023 (will re-evaluate its entire 4,200 MW zone), because Vattenfall spreadsheets show a “net revenue shortage” of about 40%, meaning the prices, c/kWh, offered by the UK auctions are about 40% too low. 

https://www.offshorewind.biz/2023/07/20/breaking-vattenfall-stops-d....

 

About 7,000 MW of offshore wind bids were rewarded by the UK 4th Auction, in 2022

Zero MW of offshore wind bids were submitted for the UK 5th Auction, in 2023

 

2) OERSTED, Denmark, is looking forward to a $2.6 billion loss on its three US East Cost offshore wind systems, mainly due to high inflation, high interest rates, supply chain constrains and disruptions, and not being awarded additional federal and state tax credits. Oersted, etc., urges Biden to ignore the domestic content requirements of the Inflation Reduction Act, so 100% of the wind turbines will be very expensively built in Europe, with US subsidies.

https://www.reuters.com/business/energy/denmarks-orsted-anticipates...

 

3) EU big wind conglomerates want, on average, 40% more, because turnkey capital costs (foundations, turbines, cabling to shore, installation) have gone to at least $5,500/installed kW and interest rates to 6.25% in 2023, from $3,500/kW and 3% in 2021

 

UK and New York State bureaucrats are grossly uninformed regarding market conditions, as usual. They have zero business sense.

 

New York State bureaucrats calculated their estimates of offshore wind contract prices, but when the owners saw those numbers, they said, we need up to 66% more, for ourspreadsheets to make business sense. See Item 4 and note

These contract prices are after 50% US subsidies.

 

Oersted, Denmark, Sunrise wind, original price $110.37/MWh, needs $139.99/MWh, a 27% increase

Equinor, Norway, Empire 1 wind, original price $118.38/MWh, needs $159.64/MWh, a 35% increase

Equinor, Norway, Empire 2 wind, original price $107.50/MWh, needs $177.84/MWh, a 66% increase

Equinor, Norway, Beacon Wind, original price $118.00/MWh, needs $190.82/MWh, a 62% increase

https://www.windtaskforce.org/profiles/blogs/liars-lies-exposed-as-...

 

4)

Lifetime Performance of World’s First Offshore Wind Farm 

https://www.windtaskforce.org/profiles/blogs/lifetime-performance-o...

 

IRENA prepares glossy offshore wind reports, that 1) ignore industry cost data of offshore wind systems in the UK, 2) overestimates capacity factors, 3) underestimates decreases in output with aging, 4) underestimates O&M/MWh

IRENA is a government-controlled, offshore wind rah-rah site, that cannot be trusted

https://www.windtaskforce.org/profiles/blogs/irena-a-european-renew...

 

NOTE: “The all-in, turnkey capital cost associated with a typical US offshore project, before bonus tax credits related to the "Inflation-Reduction-Act", has increased by 57% since 2021.

Increased costs of materials, energy, components, labor, and supply chain disruptions and constraints (shortage of specialized ships) explain about 40% of that, with 60% due to increased interest rates.”, per Bloomberg recently reported, citing figures from Bloomberg-NEF

Increased financing costs are due to larger amounts borrowed/installed kW, at higher interest rates

In 2021, borrowing $3500/installed kW at 3% for 20 years would cost 3.322 c/kWh

In 2023, borrowing $5500/installed kW at 6.25% for 20 years would cost 6.879 c/kWh

 

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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We have the facts on our side. We have the truth on our side. All we need now is YOU.

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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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