The “sad news” for the shareholders of two Danish companies will undoubtedly be “happy news” for those around the world who have experienced the nasty effects created by industrial wind turbines (IWT). Those nasty effects of IWT are significant and ignored by eco-warriors and politicians who are “climate change” advocates and believe IWT are one of the ways to achieve “net-zero” emissions.
Examples of those nasty effects are far and wide and include:
1.The health effects of the audible and inaudible noise of those swishing blades as well as shadow flicker have been noted in hundreds of studies which show conclusively a good percentage of the population are affected in a negative way.
2.The slaughter of birds and bats including the possible effect on some “at risk species” has been studied globally and IWT have been labelled as a major cause of those deaths and the resulting harm to nature.
3.Offshore wind farms have been found in various studies to have a damaging effect on commercial fishing and certain species as well as disorienting whales due to infrasound noises.
4.The detrimental effect on property values where IWT are located within sight of residential homes which leads to reduced “taxable” values in the municipalities where they are located.
5.The added cost to ensure power availability to back-up IWT due to their intermittent and unreliable nature requiring 90% support from coal or natural gas generation to prevent grid blackouts.
6.The added cost per number “5” above drove up the cost of electricity in Ontario to the degree that electricity rates more than doubled and many households were driven into “energy poverty” requiring huge support from taxpayers as well as ratepayers.
The Danish companies highlighted in the recent Financial Times article were: “Vestas and Orsted” and they were warning about, “tough times for renewable energy”. The basic message was, revenues and profits were failing to meet forecasts. The result was share values dropped. So sad!
Orsted, “the world’s largest offshore wind farm developer, said it had taken a DKr2.5bn ($389m) hit from lower wind speeds in the first nine months of this year compared with 2020”. Vestas “cut its full-year profit margin guidance before special items to 4 per cent, having trimmed it to 5-7 per cent in August from an initial 6-8 per cent. The turbine maker blamed a range of factors including global supply chain blockages and shortages of components, along with higher raw material and transport costs.”
The article goes on to highlight the “intermittency” of wind generation and laid the blame on; “the slowest wind speeds in decades have exacerbated a reliance on gas and coal for electricity—including in the UK, the world’s biggest offshore wind market.” The foregoing remark should remind one that E.ON, one of the UK’s energy providers back in 2008 stated the 15% UK target for renewable energy by 2020 “would require up to 90% of this amount as backup from coal and gas plants to ensure supply when intermittent renewable supplies were not available.”
It seems ludicrous politicians, spurred on by eco-warriors, have bought into the dubious claim, mankind is fully responsible for “climate change”. They ignore what many scientists state is principally caused by solar activity as it has in the past. Mankind’s contribution to emissions is not the control knob they so firmly believe may be causing global warming in their efforts to reach “net-zero”!