Old Rocks
Diamond Member
LOL By God, you are turning to lying like Mr. Westwall now. Yes, the old generators wear out, and have to be replaced. And the people with the money and knowledge replace them with wind and solar. In fact, they are actually shutting down some coal fired plants that are not worn out, simply because it is cheaper for the utility to put in wind and solar, and scrap the old coal plant. In the meant time, the residential and small business market continues to boom across the nation. And, yes, those are US figures, continuing the increase in renewables in spite of having an admin completely hostile to that form of energy generation.And you are a liar.Investment is just spending money, and doesn't necessarily mean you'll see a profit from investing.
Anyone remember the billions of dollars of taxpayer's money Obama "invested" in bogus "green energy" and solar companies, only to see them go tits up?
I do.
Obama Legacy: List of Failed Obama Green Energy & Solar Companies: Losses in the Billions for Taxpayers. None Succeeded.
The U.S. Government Has Invested $34 Billion in Renewable Energy—and It’s Making a Profit
Is the United States government a savvier investor in green technology than Silicon Valley’s masters of the universe?
It sure looks like it, judging from the U.S. Department of Energy’s new report on the performance of its $34.3 billion portfolio of investments in solar power plants, wind farms, and other renewable energy projects. The Obama administration in 2009 charged the DOE’s Loan Programs Office with jump-starting cutting-edge green technology ventures deemed too risky and expensive to attract cash from private investors.
As of September, that portfolio had a loss rate of 2.28 percent and has made a profit of $30 million.
The typical loss rate for a venture capital firm’s portfolio? As many as 40 percent of those companies fail, according to a 2012 Harvard Business School study.
$30Mill on $30Bill? OK --- not bragging material. How'd they hide all the losses? Because AMERICAN solar died a pretty horrible death under the OBama Admin..![]()
![]()
![]()
![]()
Of New Power Generation, How Much is on the Roof? - 2017 Update - Institute for Local Self-Reliance
In spite of the senile old fool in the White House, solar and wind are doing very well.
WOW !!! Pretty charts. Did you check in to see what that 12GW of wind investment is producing this week in the UK?? You sure do like to avoid the actual performance and metrics of these over-hyped over-subsidized trophies.... As for your charts --- 34% of almost nothing is still not much..
Grid demand has been in a dive for about a decade. No new capacity is really needed. Unless you're paying attention to the AGE of some of the workhorse generators. And see you really should be REPLACING them. But then -- that wouldn't be "new capacity" would it? Oh well. It was all very pretty..
And the 129 MW/hr Tesla battery in South Australia has shown how well a grid scale battery functions in conjunction with renewables. So well, in fact, that it will have paid for itself in less than a year. A significant savings for the utility. And now the South Australian government and Tesla are working together to create a virtual power station that will save both the utility and the customer considerable money. But in your blind dislike of anything that is renewable, you won't even acknowledge how well these innovations are working. And remain blindly loyal to fossil fuels that are screwing up the environment.