Useless dago renewable energy

Renewable energy all over the world over is showing that it is dead set useless…especially where it is heavily subsidised.

Spain is no different, their energy industry is in tatters as a result of renewable projects.

Years of disastrous policies, coupled with the economic crisis, have recast renewable energy in Spain. Once touted as the embodiment of progress, wealth and sustainability, the industry is now seen as an unwanted and costly extravagance.

The policy turnaround started in 2010 but picked up momentum with a government decree in July aimed at closing a widening gap between the cost of electricity generation and what consumers pay — known as the tariff deficit.

The decree’s impact has all but erased public support for renewable power, raising alarms in the industry inside and outside Spain.

“We’ve gone from misery to ruin,” said Jaume Margarit, director of the Association of Renewable Energy Producers. 

The price you pay when listening to the siren song of the green taliban.

In essence, the decree aims to stop an unsustainable annual growth of the tariff deficit, which over the years has built up a cumulative debt of about €26 billion, or $35 billion. In an embarrassing admission, the government said last month that despite past consumer price increases for power and attempts at reform, the tariff deficit this year would reach €2.5 billion to €3 billion.

The call on the government’s coffers has soared as tax revenue has slumped because of the recession.

While the demand for power has plummeted nearly 6 percent since 2007 because of the slide in economic activity, the share of mandated renewable output has increased, crowding out cheaper coal and gas.

More than 27 percent of Spain’s power supply in 2012 came from renewable sources, excluding big hydroelectric generators, compared with around 13 percent in 2007 — one of the highest shares in the European Union.

The government’s bid to change course has all but assured legal battles with investors, and has triggered diplomatic pressure by the United States and the rest of Europe, as well as expressions of concern from the E.U. authorities.

Renewables don’t work and can only be made to work with massive subsidies…a clue to the inefficiency of the model.

 


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  • Col

    Don’t worry, I hear Metiria Turei won’t be using her concrete vibrator to much due to the inconsistent winds, so that should save us so wattage?

  • James Growley

    Spain has electricity with a tariff deficit and we have Norman with a brain deficit……….

  • Polish Pride

    Move to RBE and you can have all the renewable energy you want without the need for any subsidies at all.
    But remind me again why does big oil get subsidies and tax breaks given the profits they make!?!

  • Polish Pride

    Move to RBE and you can have all the renewable energy you want without the need for any subsidies at all.
    But remind me again why does big oil get subsidies and tax breaks given the profits they make!?!

  • Andy

    Wind energy: The Pinnacle of Human Mediocrity

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