by Xavier Connolly, 21 November 2021
A report commissioned by the Norwegian government has contradicted Boris Johnson’s recent claim made to the UK Parliament that offshore wind costs have fallen by 70% in a decade. The report also blows a huge hole in Johnson's grandiose pledges to the COP26 conference that offshore wind power would propel Britain to its net - zero target for Carbon Dioxide emissions well before 2020, the target set by the climate conference for achieving that target.
The Norwegian report confirms that the UK’s newest and most overhyped offshore wind farms are high-cost operations that, if they are to before the mainstay of the UK's electricity generation industry will either drive millions of people into fuel poverty or the wind farm operators into bankruptcy.
The group of engineers responsible for the report say the Dogger Bank wind farms complex, the world's largest when it opens in a few months time, will be unprofitable from day one, and as an asset isessentially worthless, with a value of around minus £1 billion in
current terms.
These findings are only the visible tip of a very large iceberg of unprofitable offshore wind projects threatening to devastate pension funds that have invested in renewable energy schemes due to the wildly inaccurate estimates of scientists regarding their likely output and running costs..
The report confirms as series of findings published by the GWPF, The Renewable Energy Foundation and others, which show that offshore wind costs are very high, at best are only falling slowly, and are far above the auction strike prices being agreed.
Andrew Montford, Deputy Director of Net Zero Watch said: “We have been warning since 2017 that contrary to reports in mainstream media there has been no revolution in offshore wind costs. Every time we get new financial data from offshore wind farms, the cost estimates go up. Just this week, our estimates for the Seagreen 1 wind farm have increased by nearly 20%, and those for Dogger Bank by a similar amount.”
The Government’s Net Zero plans
rely on a five-fold increase in the wind fleet, mostly from offshore
developments, and an extraordinary decline in the cost of the power it
produces.
Wind Farms in the UK are privately operated for profit and the government subsidies they have to be given by government simply to get them to break even point add a significant amount, in the form of 'The Gren Levy' to the fuel bill of every household. The latest findings mean that the costs of delivering
Net Zero will increase by hundreds of billions of pounds, and probably
by trillions.
Craig Mackinlay MP, the chairman of the parliamentary Net Zero Scrutiny Group, commented:
“It is becoming increasingly obvious that our dash for renewables, notably wind, is failing on the two key criteria of energy security and affordability. An avoidable energy crisis is approaching but sadly our government is yet to recognise it.”
Dr Benny Peiser, Net Zero Watch director said:
“The
Climate Change Committee’s Net Zero plan has already been shown to have
used wildly optimistic assumptions on the cost of renewable energy. The
Norwegian report is another nail in the coffin of its credibility.”
This blog and its sister publications has said for years that the plans being made by governments which claim their energy policies are 'led by science' are totally unrealistic and about as scientific as a witch doctor slaughtering a cockrel then throwing a bunch of old bones in the air and claiming they predict there will be catastrophe if the tribe do not give him two virgins, six goats and a bottle of the white man's fire water. Inevitably we have been called 'conspiracy theorists' but how we could have conspired with the Norwegian authors of this report when we had never heard of them until after the report was published.
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