Claim: The Wind Turbine Industry is Running Out of Money

[Sunsettommy]

Watts Up With That?

Claim: The Wind Turbine Industry is Running Out of Money​

Essay by Eric Worrall

June 30, 2022

Excerpt:

h/t JoNova; The promised green Eldorado has turned into a nightmare of big layoffs, supply chain problems, and razor thin margins.

Opinion: Distribution of value in the wind industry is broken – it’s time for a new settlement
27 June 2022 by Ben Hunt
Former Siemens Gamesa insider says turbine manufacturers are in dire need of the bright future they were promised
…
One of the first responses I received was very instructive: “When I joined more than 15 years ago, I was told that I was joining the sector with the brightest and most promising future. The problem is that it is a future that seems never to come.”

LINK

 

[Blackrook]

Well, of course, a form of energy that is non-profitable without government subsidies eventually has to run out of steam.

 

[Sunsettommy]

Rust Istvan from the comment section writes:

This was inevitable.

Wind investment doesn’t happen without subsidies. As Climate Etc post ‘True cost of wind’ calculated years ago, the ‘real LCOE of CCGT is about $58/MWh, on shore wind based on the ERCOT grid is $146.

As penetration increases, the grid problems of intermittency grow and the subsidies slow except in climate deranged places like UK and Germany.

In addition, there is a fundamental and near unsolvable engineering problem with the newer bigger turbines; axial bearing loading is inherently uneven since near ground and top of turbine blade windspeeds are different because of surface drag. So they crack and fail as the image shows. So they don’t last the warranted 20 years as the subsidy farming operators are now finding as they go broke also, since the turbine manufactures can no longer afford to honor their warranties.

A house of cards does not stand for long in even a slight breeze. And the situation is more than a slight breeze. It is a financial tropical storm.

LINK

 

[mamooth]

Now, let's talk about reality.

U.S. added less new wind power in 2021 than the previous year â here's why

Blame supply chain snags.

www.cnbc.com

---
New wind installations fell in 2021 as the industry faced a series of challenges, including supply chain headwinds, logistics logjams and international trade barriers, according to new analysis from S&P Global Market Intelligence.

The firm said Monday that developers added around 12.9 gigawatts of new projects in 2021, a 20% reduction from 2020′s additions. That year, a record 16 gigawatts of wind capacity was added.
---

Note that "DERP DERP THE TURBINES FALL APART AND THERE AREN'T ENOUGH SUBSIDIES!" was not mentioned anywhere.

 

[Polishprince]

The real problem with wind power is that people still want power generated even if its calm outside.

The solution is simple- build gigantic fans so the wind turbines are always busy generating power.

 

[toobfreak]

The Wind Turbine Industry is Running Out of Money​

Wow, That really blows.

 

[KissMy]

The real problem with wind power is that people still want power generated even if its calm outside.

The solution is simple- build gigantic fans so the wind turbines are always busy generating power.

Place politicians in front of wind turbines, because they never run out of hot air.

 

[Sunsettommy]

It appears that a few wind power supporters are missing maybe they are in the basement curled up in a fetal ball over this distressing news?

 

[Deplorable Yankee]

"Instead the news is full of stories of lay-offs, factory closures and eye-watering financial losses. And the resources required for the necessary investments are in jeopardy."

Reeeeeeeeee
Big oil propaganda !Shut up bigots wind power is the wave of the build back better future


Lol they should learn to code

 

[krichton]

The wind industry is running out of money.......as reported by the guy running the blog, wattsupwiththat.com

 

[Toddsterpatriot]

Claim: The Wind Turbine Industry is Running Out of Money

On the plus side, their energy is more expensive and less reliable.