Ah, I love the smell of smoking turbines in the morning.
It smells like victory.
That’s Europe’s largest onshore wind farm going under at the moment. Interestingly enough, 75% of the company is owned by a Chinese company called CGN, China General Nuclear.
When they put this wind farm in, they signed a 19-year Power Purchase Agreement (PPA) with Norwegian metals company Hydro Energi. What the agreement said, in effect, was that Hydro would buy all the “cheap” electricity produced at the wind farm for a set rate, but that when the wind farm wasn’t producing what they projected they would be, the wind farm operators had to cover the shortfall in juice delivered to Hydro on their own dime.
Well. Guess what hasn’t been happening, and for quite some time?
Enough wind blowing to begin to cover what the wind company contracted for and to keep the equipment at the Hydro factory turned on.
hotair.com
All that free fuel and they still can't make any money from "green energy".
I guess cheap, reliable fossil fuel energy is still the way to go.
If you think green energy doesn't work now, just wait until the green morons try
it without natural gas or nuclear as a backup, morons.
It smells like victory.
That’s Europe’s largest onshore wind farm going under at the moment. Interestingly enough, 75% of the company is owned by a Chinese company called CGN, China General Nuclear.
When they put this wind farm in, they signed a 19-year Power Purchase Agreement (PPA) with Norwegian metals company Hydro Energi. What the agreement said, in effect, was that Hydro would buy all the “cheap” electricity produced at the wind farm for a set rate, but that when the wind farm wasn’t producing what they projected they would be, the wind farm operators had to cover the shortfall in juice delivered to Hydro on their own dime.
Well. Guess what hasn’t been happening, and for quite some time?
Enough wind blowing to begin to cover what the wind company contracted for and to keep the equipment at the Hydro factory turned on.
An Ill Wind's Blowing Through Europe's NetZero Hopes
Ah, I love the smell of smoking turbines in the morning. It smells like victory. Europe's largest onshore wind farm is facing bancruptcy and has filed for reconstruction with Swedish court. Markb...
hotair.com
All that free fuel and they still can't make any money from "green energy".
I guess cheap, reliable fossil fuel energy is still the way to go.
If you think green energy doesn't work now, just wait until the green morons try
it without natural gas or nuclear as a backup, morons.
