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Seems that Wind Energy is failing.  From Beege Welborn writing at Hot Air:

Wind winding down?
Sometimes it’s funny how coming across an article will make you smile because of a memory triggered by some aspect of it. That happened yesterday, and again today, when I came across these pieces on the chaos in the wind turbine manufacturing sector.

And the meat of the article - talking about Wind Energy in Europe:

Now the entire industry is hitting headwinds they hadn’t counted on and it could spell disaster.

The European wind industry has warned of continued difficulties in 2023 as high materials costs and slow approvals for new wind power projects drag back profitability, despite rising demand for renewable energy.

And the upshot:

German manufacturer Siemens Gamesa, one of the premier turbine providers in the renewables game, reported an almost billion-dollar loss for the Oct-Dec quarter of last year! So guess what they want?

Global green energy company Siemens Gamesa reported Thursday that it had lost a staggering $967 million during the three-month period from between October to December.

The Germany-based company, which dubs itself as “the global leader in offshore power generation,” noted the wind industry has faced various unfavorable pressures leading to negative growth in recent months and years, in its earnings report for the first quarter of fiscal year 2023 released Thursday morning. The company added that governments would need to further assist the industry to ensure future positive growth.

In other words, they have failed in the marketplace and now, they want our tax dollars in the form of government subsidies so that they can continue making money. Governments make very little real money on their own (leasing out Federal lands for resource extraction and such...) so most money that comes from the government started off in our own wallets first before they took it away from us in taxes.

Much more at the site - they are also having problems with warrenty repairs costing too much and with a major decline in new orders.

People need to look to nuclear.  Specifically, liquid salt reactors using Thorium as fuel. Walk-away safe, the waste is a lot easier to deal with (needs 400 years storage instead of 40,000 years) and it has a lot more efficient use of fuel. Thorium is common in the Earths crust - Uranium is rare.  We have about 5,000 years of known reserves.

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This page contains a single entry by DaveH published on February 4, 2023 6:36 PM.

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