"Green" policies are destroying this country

The important lesson here is that companies have started to doubt the return on their investment in the long term. Doubt and uncertainty are killers and they are increasing. That governments and Green lobby groups are still pushing offshore wind has very limited influence and is diminishing in effect.

Any company, green or otherwise needs a return on investment. Most of the green tech is coupled w state subsidies. This is mainly good for people like solar panel, heat pump installers etc. They take the money, job done, move on. But a company who signs a (long term) contract crunches the numbers and levels out in- and outputs, weighs the liabilities against profits, all the usual stuff. The bigger the project the higher the liabilities and usually the costs. Some companies might jump in the boat if the state guarantees to cover a large chunk of the costs. There are multiple court cases running dealing w this very issue and now states are getting reluctant to continue to sponsor large green projects. There is an increasing backlash from the people. Politicians other than the Greens are getting nervous. How does that look to a CEO (and shareholders) of a large, even green, company? Pushing the Green Agenda is no longer sufficient to sway them.

https://wattsupwiththat.com/2023/09/08/the-ill-wind-of-offshore-wind-projects/

DESNZ priced the offering at a value that they felt the British people could afford. They realised that they don't have a blank cheque to line the pockets of a few select private developers. I'm not sure how that's getting it wrong?

It's akin to me doing my household budget. I am being urged to get an EV, to retrofit my modest 1920s home, to install solar pv and heat pumps and/or to pay more and more for fuel, carbon and God knows what other green taxes. Yet I only have a limited income and the benefits of these is questionable. What do I do? You guessed it - nothing, because I can't afford to comply with these policies and I'm not taking on significant debt for a policy that could change with the next government, even if it might be good for me long term.

The sensible thing to do for everyone in time of fluctuation and uncertainty is to secure your more solid reliabilities. Hence the current gold rush. Unless you want to gamble with spare money like in stocks and increasingly bonds. Solid as in stuff you can touch. For a while it looked like solar panels and windmills were part of that. The bright Future, a better world, a moral choice. It was part of a wave that has reached its peak.

You can only fool (or control) people for so long. Just look at what is happening with ESG! Still, the bureaucrats keep piling it up with ever increasing demands for compliance to green rules. But, as we saw earlier, when even the big players get into trouble the once so solid rules will be ignored or watered down. The Greens will ultimately find themselves moping in a wee corner. Then we can all work on a sensible energy transition over time. At the moment the Greens are inwittingly delaying the process. Sometimes i get the feeling they don't really care despite their selfrighteousness. They are longing to be the good guys and girls on a path to glory. A utopian dream turning nightmare..They find it impossible to detach, to uncouple. They are married to an idea which clashes with reality.

And allowing yourself to fall behind economically through lack of investment can only make the UKs woes greater, since after all lack of investment is the real crisis driving all other crisis in the UK.

Are you trying to double down on your ignorance of economic theory or just trying to be argumentative?

I can't spell it out any simpler than DESNZ did a cost benefit analysis. They determined a value that presented the best economic outcome for their requirements. How does that mean you are falling behind economically?

They can't help it if Industry decided to pass because it didn't align with their goals for profit. I guess there's a lot of better investments than offshore out there.

The UK have plenty of investment in energy security and are in a damn sight better position than us. They already have a decent gas portfolio, Interconnection, onshore and offshore wind plus are developing nuclear. I don't see them falling behind economically as a result of their energy sector. An ill fated decision to implement Brexit is their main issue. Not some lunacy of throwing excess money they don't have at a niche sector when their economy is shrinking.

If energy is indeed the sector to focus on if they want to improve their economic outlook (as you suggest), there's more cost effective ways to deliver secure, economic and reliable electricity to meet their energy needs. The have ample gas reserves and interconnectors for one.

They are viable alternative for a minority. That is all. The private car will be the mainstay for many years to come.

I look forward to the press release from both the wind and solar industry explaining why they failed simultaneously under normal weather conditions. I won't be holding my breath.

DATE & TIME   FORECAST WIND(MW)    ACTUAL WIND(MW)   REGION
10/09/2023 00:00   34   -1   All Island
10/09/2023 00:15   34   -2   All Island
10/09/2023 00:30   33   1   All Island
10/09/2023 00:45   32   2   All Island
10/09/2023 01:00   33   4   All Island
10/09/2023 01:15   32   2   All Island
10/09/2023 01:30   32   0   All Island
10/09/2023 01:45   32   1   All Island
10/09/2023 02:00   32   5   All Island
10/09/2023 02:15   31   2   All Island
10/09/2023 02:30   31   -2   All Island
10/09/2023 02:45   31   -3   All Island
10/09/2023 03:00   31   -3   All Island
10/09/2023 03:15   31   -5   All Island
10/09/2023 03:30   31   -1   All Island
10/09/2023 03:45   31   0   All Island
10/09/2023 04:00   32   5   All Island
10/09/2023 04:15   33   6   All Island
10/09/2023 04:30   34   5   All Island
10/09/2023 04:45   35   6   All Island
10/09/2023 05:00   36   4   All Island
10/09/2023 05:15   36   8   All Island
10/09/2023 05:30   36   10   All Island
10/09/2023 05:45   37   9   All Island
10/09/2023 06:00   37   16   All Island
10/09/2023 06:15   36   18   All Island
10/09/2023 06:30   35   17   All Island
10/09/2023 06:45   34   23   All Island

Good old Moneypoint has been chugging away all weekend and keeping the lights on in the absence of the wind and solar. There'll be no press releases on that either. It'll be a sad day when they inevitably close, having been so dependable for so long.

I doubt it will have that effect on the renewables skeptics, but the analysis that offshore wind is the cheaper source of electricity Vs gas is telling.

The business as usual fanboys fail to mention that gas prices are 100% higher than pre war prices and predicted to stay that way indefinitely.