The world’s greatest Ponzi scheme is imploding. The wind and solar scam was never going to last. Built on lies and running on subsidies the so-called wind and solar ‘industries’ are being belted from all sides. Rising costs, shrinking subsidies and hostile communities have taken the gloss from the greatest economic and environmental fraud of all time.
This little example provided by Paul Homewood is only the latest in a string of financial collapses, scrap projects and plummeting share prices being experienced by those who contend that the transition to an all-wind and sun-powered future is ‘inevitable’.
What is different about this one is that the PPA forces the wind farm to buy power on the spot market, when the wind does not provide enough:
In other words, the wind farm is obliged to pay the costs of its own intermittency. And, of course, when wind power is low, spot market prices rise.
This highlights the worthlessness of wind power, as when there is plenty of wind, the value of the product is low.
In this country it is energy consumers who have to pay the costs of intermittency, something which needs changing.
Not a Lot of People Know That
