{"id":285335,"date":"2023-10-27T18:48:07","date_gmt":"2023-10-27T16:48:07","guid":{"rendered":"https:\/\/climatescience.press\/?p=285335"},"modified":"2023-10-27T18:48:10","modified_gmt":"2023-10-27T16:48:10","slug":"offshore-wind-demands-95-mwh","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=285335","title":{"rendered":"Offshore Wind Demands\u00a0\u00a395\/MWh"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Warning from UK\u2019s biggest energy generator comes after latest bidding round received no offers to build new farms. He said: \u201cWe need to see a materially higher price.\u00a0<\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

h\/t Philip Bratby<\/p>\n\n\n\n

So now we get an actual figure on it!!<\/mark><\/em><\/strong><\/p>\n\n\n\n

From the Telegraph:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

No new wind farms will be built off Britain\u2019s shores unless the Government lets operators earn more money from the electricity they produce, the chief of the nation\u2019s biggest generator has said.<\/em><\/p>\n\n\n\n

Tom Glover, country chair of RWE\u2019s UK arm, said the price offered by the Government to wind farm operators must rise by as much as 70pc to entice companies to build.<\/em><\/p>\n\n\n\n

Developers must be offered between \u00a365 and \u00a375 per megawatt hour (MwH) for the power generated from wind farms, Mr Glover said.<\/em><\/p>\n\n\n\n

That compares to the \u00a344 offered in the most recent <\/em>government-run auction<\/em><\/a>.<\/em><\/p>\n\n\n\n

His warning follows the disastrous result of the last offshore wind allocation round in September, which ended in a humiliation for ministers with not one company offering to build new offshore wind farms.<\/em><\/p>\n\n\n\n

Mr Glover called the incident \u201cclumsy\u201d and said a failure to increase the price offered to developers risked a repeat.<\/em><\/p>\n\n\n\n

https:\/\/www.telegraph.co.uk\/business\/2023\/10\/25\/electricity-prices-rise-70pc-pay-wind-farms-energy\/<\/a><\/p>\n\n\n\n

A number of commentators have rightly criticised this article as being pro-renewables, putting the blame on government. All they did, of course, was to believe the wind industry\u2019s own propaganda about rapidly falling costs.<\/p>\n\n\n\n

In particular, the article fails to point out that the prices mentioned are at 2012 prices, which incidentally should be dropped entirely in future auctions, as they are of no relevance and are highly misleading.<\/p>\n\n\n\n

\u00a375\/MWh, for instance, equates to \u00a395\/MWh at current prices. This is an important omission by the Telegraph, because one commenter pointed out that since the current market prices is \u00a3100\/MWh, offshore wind must still be a bargain!!<\/p>\n\n\n\n

The whining of the wind lobby about inflation is also not really valid.<\/p>\n\n\n\n

At last year\u2019s auction, offshore wind projects such as Dogger Bank won contracts at \u00a339.65\/MWh. This year the govt set the bar at \u00a344\/MWh, thus handing a 10% price increase straightaway. And in the year just gone, about another 10% has been added on via RPI indexation.<\/p>\n\n\n\n

So RWE and co are already being offered 20% more than projects were signing up for last year.<\/p>\n\n\n\n

It may be that some of their costs are rising faster than general inflation, but any competent business builds in contingencies for things like that.<\/p>\n\n\n\n

Also with inflation seemingly remaining stubbornly high, the index linked price will be much higher still by the time these projects are commissioned in a few years time.<\/p>\n\n\n\n

The undeniable reality is that offshore wind never was viable at the fanciful prices signed up for last year and before. The cheapest offshore wind being sold via CfD is from Triton Knoll, which is being paid \u00a397.82\/MWh.<\/p>\n\n\n\n

There never was any intention trigger those contracts, instead wind farm owners always planned to sell at much higher prices on the open market.<\/p>\n\n\n\n

In the latest auction, this loophole was closed by the govt, leaving the wind industry between a rock and a hard place, with their bluff having been well and truly called.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Warning from UK\u2019s biggest energy generator comes after latest bidding round received no offers to build new farms. He said: \u201cWe need to see a materially higher price.\u00a0 From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood h\/t Philip Bratby So now we get an actual figure on it!! From the Telegraph: No […]<\/p>\n","protected":false},"author":121246920,"featured_media":285340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Warning from UK\u2019s biggest energy generator comes after latest bidding round received no offers to build new farms. He said: \u201cWe need to see a materially higher price.\u00a0","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691824045,691818301,691822239,691824046],"class_list":{"0":"post-285335","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-mr-glover","9":"tag-offshore-wind","10":"tag-rwe","11":"tag-wind-energy-propaganda","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/0TELEMMGLPICT000241298229_trans_NvBQzQNjv4Bqga42_THGIELLKUPUcOUPmoL1tQj75b48tHAVCo84Z7U.jpeg?fit=1280%2C800&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1ceb","jetpack-related-posts":[{"id":358413,"url":"https:\/\/climatescience.press\/?p=358413","url_meta":{"origin":285335,"position":0},"title":"Vineyard Offshore Halts Major Wind Project Amid Economic and Policy Challenges","author":"uwe.roland.gross","date":"12\/23\/2024","format":false,"excerpt":"The offshore wind industry faced another setback as Vineyard Offshore announced the withdrawal of an 800 MW wind energy project from Massachusetts\u2019 procurement process. 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