The Bloom is Quickly Fading for Renewable Energy in America and Europe

The Bloom is Quickly Fading for Renewable Energy in America and Europe

The word on renewables is not much better out of Europe. One recent report showed despite generous support that dwarfs the subsidies given to the wind industry in America, Germany’s wind farms are failing to deliver much power. The country has more than 25,000 turbines with a rated capacity of nearly 40,000 megawatts. However, over the course of 2014 they delivered just 14.8 percent of their rated capacity – or less than 6,000 megawatts, the amount of power one could get from just six coal fired or nuclear power stations. And, of course, unlike the power from the coal power or nuclear power plants, the power delivered by the wind turbines was so volatile and unpredictable that it could not be counted upon to provide baseload power.

 

With numbers like this, it is little wonder why windpower is quickly falling out of favor in Europe. Across the EU green energy subsidy programs have been slashed causing the rate of wind farm installations to plummet. The Financial Times reports new wind installations fell precipitously in much of Europe: by 90 per cent in Denmark; 84 per cent in Spain (Europes largest wind power market) and 75 per cent in Italy. The fact that the decline in new wind farm construction comes as subsidies have been slashed is not a coincident and shows just how “not ready for prime-time” wind power still is despite 40 years of support. Wind still can’t compete on price, and may never be able to compete on reliability with the much abused and criticized electric power staples — coal, natural gas and nuclear.

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