New Data Refutes Cheap Offshore Wind Claims – Watts Up With That?

Reposted from NOT A LOT OF PEOPLE KNOW THAT

OCTOBER 28, 2021

By Paul Homewood

Extra proof that offshore wind will price way more then claimed.

From Web Zero Watch:

London, 28 October – New information confirms that offshore windfarm prices stay at very excessive ranges, having solely fallen barely lately.
Web Zero Watch has compiled the audited accounts of each industrial UK offshore windfarms, along with the related era information from Ofgem. This work updates a collection of earlier research of offshore wind within the UK, which reached comparable conclusions.

The Prime Minister informed MPs just lately that the price of offshore wind energy has dropped by 70 per cent in the last decade. He used this to justify his declare that Web Zero will be achieved at modest price.
The brand new findings present that he’s unsuitable about the price of wind power and that Web Zero will price lots of of billions of kilos further.
Ministers’ claims have been made on the idea of the low bids made to Contracts for Distinction auctions by a number of offshore windfarms. Nonetheless, the primary of those – Moray East – has now printed its 2020 accounts, which recommend that its development price shall be much like different latest windfarms. 
Web Zero Watch’s Andrew Montford stated:
“Aside from the wind foyer, there’s now widespread settlement that Contracts for Distinction outcomes don’t replicate underlying prices. The onerous information from audited accounts is now giving unequivocal backing to this actuality. It’s clear that offshore wind is extraordinarily costly, and can stay so for the foreseeable future”.
The chairman of the parliamentary Web Zero Scrutiny Group, Craig Mackinlay MP, stated:
“Boris Johnson assured me that the price of offshore wind has fallen by 70%. Sober evaluation exhibits past all cheap doubt that this isn’t the case. Not solely does this present that the PM is being given flawed info by his advisers, the general public is being led into a price and power safety catastrophe.” 
Particulars of the findings will be discovered at the Net Zero Watch website.

And the place do these claims about low cost wind energy come from? The Committee on Local weather Change: