The Lions
Politics • Culture • Education
A group of friends with mostly centrist or conservative viewpoints who share resources and ideas about the governance of Alberta and Canada and about world events and trends.
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October 12, 2023

Investors are starting to abandon clean green energy as they realize it’s never going to be cheap

Kathryn Porter in The Telegraph, has compiled quite the list of failures as offshore wind projects get frozen around the world. Decisions are being delayed, contracts abandoned, auctions left without bidders and almost no new projects started. The awful truth of inflation, the maintenance cost shocks and cable failures is all too much. Then there was the problem of needing a 100 years of copper, nickel and lithium production before Christmas.
It’s all been kept quiet. Who know there were no offshore wind investments in the EU last year, apart from a few floating projects?
After years of subsidies, wind power was meant to get cheap enough to be profitable and competitive all by itself, instead, 25 years later, it just needs bigger subsidies. When the great oil and coal price crunch came, wind power was supposed to rise through the ashes, instead we discovered that wind turbine and battery factories needed cheap coal and oil like the rest of the economy.
https://joannenova.com.au/2023/10/investors-are-starting-to-run-from-clean-green-energy/

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Posts

Aren't they just wonderful! Her add to post is interesting. I have a son working on a pipeline in B.C. that was approved many years ago that I hadn't heard of as it never makes the news. Previously he worked on Trans Mountain which was major news daily.
https://www.smalldeadanimals.com/2025/08/06/i-want-a-new-country-144/

18 hours ago
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