“The problem, Blanco says, is that worldwide green energy subsidies are being capped and wind parks as a result are no longer looking profitable to investors.”
MORE proof that without massive (market-distorting) taxpayer subsidies, weather-dependent windmills cannot compete with conventional forms of power generation; fossil-fuel, nuclear or hydro plants that provide a continuous supply of despatchable power 24/7/365. Electricity when you need it, not when Gaia decides.
German wind farm [image credit: Dirk Ingo Franke / Wikipedia]
If the flood of subsidies looks like turning to a trickle, the backers of renewables soon get cold feet – in Germany at least, as Pierre Gosselin explains (via GWPF).
While Germany likes to fancy itself as being among the “global leaders” in tackling climate change by expanding green energies, the country has in fact taken very little action recently to back up the appearances.
If anything, Germany is more in the green energy retreat mode. There are good reasons for this.
German flagship business daily “Handelsblatt” reported yesterday how Germany’s wind energy market is now “threatening to implode” and as a result “thousands of jobs are at risk”.
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