D
Deleted member 121
Guest
https://conservativehome.com/2023/0...t-be-honest-about-the-costs-of-offshore-wind/
"Bureaucrats must be honest about the costs of offshore wind"
Between the lines, "but it is ok for Conservatives to sanction extremely high costs onto the nation and public" and "find someone to blame".
I think there might be a case for honesty though.
"Take the Seagreen windfarm currently under construction off the Angus coast. At just over 1 gigawatt capacity, Pocklington would have you believe that it might cost as little as £1.4 billion to build. But the windfarm’s most recent financial accounts show that by March 2022 it had already spent £2.2 billion, and was still to complete the installation of the turbine foundations! That milestone was only reached a few days ago."
£1.4 Billion for over 1 Gigawatt of Windfarm energy is cheap. Take Moray East Wind Farm. That was built to produce around 950MW of power, yet cost around £3 billion. Hornsea Two cost around £5 billion and is supposed to produce 1.4GW.
But it is extraordinary to set minimum pricing per unit before the project starts. Im so grateful that the Government, The champions of free market, has decided the minimum i will pay for my future energy needs, leaving the benefits of lower wholesale prices firmly in the hands of shareholders and not in lower bills for all of us...