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Winning with Wind, Not

by Whaleoil on August 29, 2012

Wind farms are awful. They don’t do so well if there isn’t any wind either:

NZ Windfarms, which operates Te Rere Hau windfarm in the Tararua Ranges, has posted a wider full-year loss after reporting power generation was 25 percent below budget.

The net loss was $24.6 million in the 12 months ended June 30, from a loss of $3.38m a year earlier. The loss in the latest year included an impairment of assets of $30.7m.

Sales rose to $9.76m from about $4.1m.

Earnings before interest, tax, depreciation, amortisation and the impairment were about $2.6m from a loss of $410,000 on the same basis in the previous year.

While NZ Windfarms had “a very poor wind year” total electricity generated rose 37 percent to 114,498 Megawatts and electricity revenue jumped 156 percent to $8.25m, reflecting the first full year that all its 97 turbines were operating.

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  • Alloytoo

    They also apparently raise the temperature of the environment of the farm.

  • Andy

    The wind farm scam is far worse in the UK.
    The lies and corruption in this waste of time industry is appaling.

  • Seems to me

    Seems to me that the numbers as presented dont make sense to me!!!
    (so what else is wrong with the whole story?)

    Earnings before blah blah blah $2.6millionTake away impairment of $30.7 million PLUS all that other expense stuff.Report net loss of $24.6 million

  • Igi

    It appears the renewables dream is failing the world over. Germany is having to build new coal plants because electricity produced by wind and solar has turned out to be unaffordably expensive and unreliable. Especially ironic when they shut down relatively clean nuclear plants for spurious reasons.

  • jonno1

    Megawatts is power not energy – TV3 can’t even get that right!

  • tarkwin

    I still like the tidal generator idea. Do we still have the right to use sea around here or is there a claim on that too?

    • Gazzaw

      Of course there is tarkwin. As far as I know both the local iwi and the greens are objecting to the tidal turbines proposed for the Kaipara. Maybe its just a koha-eating taniwha that’s the cause of the iwi objection. Don’t know the greens reason.

      • tarkwin

        The Greens probably don’t either, they just object to anything anyone else wants.

      • insider

        No much more important than that – it might hurt snapper breeding. The Kaipara is the source of most NI west coast snapper. What wil the Auck boatie do on weekends if no snapper on the line?

    • sheppy

      No doubt one will appear at the most lucrative moment….

  • Vlad

    It really doesn’t matter whether you think that the globe is warming or not. Every single initiative by the left on this matter has been a monumental f*ckup. Helen’s beloved ethanol has destroyed rainforests and caused starvation. Carbon trading has been taken over by crooks & scammers. Windfarms are a grossly inefficient blot on the landscape. Solar energy companies are collapsing all over the place. The market will decide efficent energy sources. Fracking gas looks good, and good for the planet. If the Earth is warming (and I mean IF) then there is clearly f*ck all we can do, so plan to deal with it and its benefits and minuses, don’t piss around with crooked watermelon schemes.

  • insider

    These turbines are particularly inefficient. They are small and relatively expensive per MWh as a result. Nice theory behind them but no-one seems to want to buy them. Size matters when it comes to wind.

    • http://www.whaleoil.co.nz Whaleoil

      Size always matters…anyone who says otherwise has a tiny cock

      • Gazzaw

        or small tits.

  • Mags

    Take a look at Palmerston-North.info for the real story behind wind turbines in the Manawatu.

    • yep

      The link from that expose of the infrasound collateral damage to the poor wretches forced to live near Te Rere Hau leads to
      http://nzwindfarms.wordpress.com/ What a shocker – the green fanatics have a lot to answer for.

  • Peterkar

    Today’s article in the ‘Telegraph’, on the financial collapse of China’s solar energy industry, is worth reading too.

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