Posted by: Grant | June 24, 2013

Renewables Fiasco – EU Style

comentatorhttp://www.thecommentator.com/article/3827/the_great_renewables_scam_unravels

” …Meanwhile, in the UK, wind power is again making the headlines, but for all the wrong reasons. A new analysis of government and industry figures revealed that every UK wind industry job is effectively subsidized to the tune of £100,000 per year. In some cases it rises to £1.3 million per job. In Scotland, with its 230 onshore windfarms, the figure is £154,000 per job. Even if the highly optimistic maximum projection of 75,000 wind industry jobs by 2020 is realised the figure would only drop to £80,000.

But, as the Renewable Energy Foundation, a UK think-tank, has pointed out, to meet its EU obligation of providing 15 percent of its generated energy from renewable sources by 2020 – a ridiculously untenable goal – the lavish subsidies will need to rise still further to £6 billion per year. Neither do the figures take into account the cost to the country of an exodus of energy-intensive industries; a very real threat if green levies on energy bills continue to rise. European industry and power stations have already turned to burning millions of imported tonnes of American wood pellets in a desperate bid to keep costs down. And that, as has been reported, is to the detriment of fine forests in the US and a resultant impact on CO2 levels.

The attraction of a quick buck when government slush-fund subsidies are on offer has always attracted entrepreneurs, corporate industry, and investors alike. The trouble is… “

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