Bells ringing on decades of renewables exaggerations and over-optimistic spruiking.
ABC says – Renewable power darling Carnegie Clean Energy hit by a wave of shareholder discontent 22Sep18 comments on other renewables too – ASX info and chart
Bells ringing on decades of renewables exaggerations and over-optimistic spruiking.
ABC says – Renewable power darling Carnegie Clean Energy hit by a wave of shareholder discontent 22Sep18 comments on other renewables too – ASX info and chart
The concept of wave power was washed up years ago. All money invested there goes down the drain and out to sea. Any attempt at a bail-out is futile. The tide has now finally turned and it’s time to wave goodbye.
Sarah Brightman & Andrea Bocelli – Time to Say Goodbye (1997) – what can we say.
www.youtube.com/watch?v=g3ENX3aHlqU
If only the wave energy money wasting boondoggle could be farewelled so perfectly.
Isn’t it obvious?
The only “renewables” that are reasonably economic are hydro and (rarely) geothermal. They are economic because the energy they offer is already concentrated and continuously available (a bit like fossil fuels or nuclear). Wind, solar and wave power are, by contrast, both diffuse and unreliable. To produce decent amounts of power they require massive installations that are exposed to the elements 24/7 – and even then their output cannot be controlled or even reliably predicted.
It’s obvious from first principles that wind, solar and wave power are inferior sources of electricity. And even if we were dumb enough not to realise that, we could soon have found out the hard way if only governments had not introduced subsidies, mandates, regulations, etc. that concealed these sources’ uneconomic nature.
Despite the propaganda in their favour, and all the leg-ups they have received from governments, these sources remain uneconomic today. If every federal, state and local incentive were removed tomorrow, they would be mothballed in no time. Power prices would crash, and continue to decline into the future, as they were doing until governments started distorting the market 20 years ago.