A recent article at OilPrice.com explains how wind power is unprofitable, going into detail on some of the economic hurdles that industrial wind power development has encountered.
The author of the OilPrice.com article, "Wind Power Has A Profitability Problem," Felicity Bradstock, points out that despite massive investments and mandated construction by governments leading to growth in the wind power industry, "Companies are realizing that it is difficult to translate wind power into profits." Bradstock says the return on investment has not been what companies expected, writing: In June last year, there were reports that some of the world's biggest wind energy companies were battling heavy losses.
Apparently, though companies are optimistic, in no small part because governments are requiring the use of their products through renewables mandates, "Promising" high demand, and "New grants and subsidies are keeping the wind energy industry's spirits high, and we can expect more incentives for new wind capacity worldwide as other countries and regions introduce their own climate policies." The wind industries' losses are not all that surprising, given the unreliability of the product itself.
The intermittent nature of wind power leads to higher grid operating costs.
In the case of one of Oregon's largest wind power facilities, Bigelow Canyon, the turbines break down so often that they only survive for half of their purported lifespans.
As Climate Realism discusses here, "Without government subsidies and mandates, wind and solar power would largely be a boutique power supply for the wealthy." The public owes news outlets like OilPrice.com a debt of gratitude for reporting on the high costs and limited benefits of wind power.
Sadly, most media outlets report on wind power through "Rose-colored lenses," which distort the true costs of wind power.
https://climaterealism.com/2023/04/right-oilprice-com-wind-power-is-unprofitable/
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