{"id":287959,"date":"2023-11-14T15:45:35","date_gmt":"2023-11-14T14:45:35","guid":{"rendered":"https:\/\/climatescience.press\/?p=287959"},"modified":"2023-11-14T15:45:38","modified_gmt":"2023-11-14T14:45:38","slug":"europes-largest-wind-farm-facing-bankruptcy","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=287959","title":{"rendered":"Europe\u2019s Largest Wind Farm Facing\u00a0Bankruptcy"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"407\" data-attachment-id=\"287964\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=287964\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/084c7f9a8-3160-4483-813e-8cd40364ea9e.webp?fit=1800%2C1013&amp;ssl=1\" data-orig-size=\"1800,1013\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"084c7f9a8-3160-4483-813e-8cd40364ea9e\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/084c7f9a8-3160-4483-813e-8cd40364ea9e.webp?fit=723%2C407&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/084c7f9a8-3160-4483-813e-8cd40364ea9e.webp?resize=723%2C407&#038;ssl=1\" alt=\"\" class=\"wp-image-287964\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/084c7f9a8-3160-4483-813e-8cd40364ea9e.webp?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/084c7f9a8-3160-4483-813e-8cd40364ea9e.webp?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/084c7f9a8-3160-4483-813e-8cd40364ea9e.webp?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/084c7f9a8-3160-4483-813e-8cd40364ea9e.webp?resize=1536%2C864&amp;ssl=1 1536w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/084c7f9a8-3160-4483-813e-8cd40364ea9e.webp?resize=1200%2C675&amp;ssl=1 1200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/084c7f9a8-3160-4483-813e-8cd40364ea9e.webp?w=1800&amp;ssl=1 1800w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/084c7f9a8-3160-4483-813e-8cd40364ea9e.webp?w=1446&amp;ssl=1 1446w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Europe&#8217;s largest onshore wind farm is facing bancruptcy and has filed for reconstruction with Swedish court.<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"362\" data-attachment-id=\"287966\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=287966\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a98db323015ddf994b22ec4b718c330f.jpg?fit=1600%2C801&amp;ssl=1\" data-orig-size=\"1600,801\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"00a98db323015ddf994b22ec4b718c330f\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a98db323015ddf994b22ec4b718c330f.jpg?fit=723%2C362&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a98db323015ddf994b22ec4b718c330f.jpg?resize=723%2C362&#038;ssl=1\" alt=\"\" class=\"wp-image-287966\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a98db323015ddf994b22ec4b718c330f.jpg?resize=1024%2C513&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a98db323015ddf994b22ec4b718c330f.jpg?resize=300%2C150&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a98db323015ddf994b22ec4b718c330f.jpg?resize=768%2C384&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a98db323015ddf994b22ec4b718c330f.jpg?resize=1536%2C769&amp;ssl=1 1536w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a98db323015ddf994b22ec4b718c330f.jpg?resize=1200%2C601&amp;ssl=1 1200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a98db323015ddf994b22ec4b718c330f.jpg?w=1600&amp;ssl=1 1600w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a98db323015ddf994b22ec4b718c330f.jpg?w=1446&amp;ssl=1 1446w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From <a href=\"https:\/\/notalotofpeopleknowthat.wordpress.com\/\">NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By Paul Homewood<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">h\/t Joe Public<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>More bad news for the wind industry:.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"567\" data-attachment-id=\"287960\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=287960\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-407.png?fit=740%2C580&amp;ssl=1\" data-orig-size=\"740,580\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image-407\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-407.png?fit=723%2C567&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-407.png?resize=723%2C567&#038;ssl=1\" alt=\"\" class=\"wp-image-287960\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-407.png?w=740&amp;ssl=1 740w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-407.png?resize=300%2C235&amp;ssl=1 300w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Europe&#39;s largest onshore wind farm is facing bancruptcy and has filed for reconstruction with Swedish court.<br><br>Markbygden ETT, the first phase of the Markbygden 1101 project, is facing difficulties after signing a baseload PPA with Norwegian Hydro Energi. <a href=\"https:\/\/t.co\/Aj0kIT9hjJ\">pic.twitter.com\/Aj0kIT9hjJ<\/a><\/p>&mdash; Simon Wakter (@simonwakter) <a href=\"https:\/\/twitter.com\/simonwakter\/status\/1723629089045479441?ref_src=twsrc%5Etfw\">November 12, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">What is different about this one is that the PPA forces the wind farm to buy power on the spot market, when the wind does not provide enough:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In other words, the wind farm is obliged to pay the costs of its own intermittency. And, of course, when wind power is low, spot market prices rise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This highlights the worthlessness of wind power, as when there is plenty of wind, the value of the product is low.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this country it is energy consumers who have to pay the costs of intermittency, something which needs changing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe&#8217;s largest onshore wind farm is facing bancruptcy and has filed for reconstruction with Swedish court. From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood h\/t Joe Public More bad news for the wind industry:. What is different about this one is that the PPA forces the wind farm to buy power on [&hellip;]<\/p>\n","protected":false},"author":121246920,"featured_media":287964,"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":"Europe's largest onshore wind farm is facing bancruptcy and has filed for reconstruction with Swedish court.","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":[691818526,691818583,691824614],"class_list":{"0":"post-287959","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-bankruptcy","9":"tag-europe","10":"tag-markbygden-ett","12":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/084c7f9a8-3160-4483-813e-8cd40364ea9e.webp?fit=1800%2C1013&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1cUv","jetpack-related-posts":[{"id":250401,"url":"https:\/\/climatescience.press\/?p=250401","url_meta":{"origin":287959,"position":0},"title":"U.S. wind power industry on the brink of bankruptcy due to reduced tax breaks","author":"uwe.roland.gross","date":"31\/03\/2023","format":false,"excerpt":"The wind power industry in the USA is in a serious crisis. The capacity of wind farms has dropped dramatically in recent months.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/0-WP-USA.jpeg?fit=1200%2C802&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/0-WP-USA.jpeg?fit=1200%2C802&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/0-WP-USA.jpeg?fit=1200%2C802&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/0-WP-USA.jpeg?fit=1200%2C802&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/03\/0-WP-USA.jpeg?fit=1200%2C802&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":242697,"url":"https:\/\/climatescience.press\/?p=242697","url_meta":{"origin":287959,"position":1},"title":"Investment In European Wind Industry Falls In 2022","author":"uwe.roland.gross","date":"01\/02\/2023","format":false,"excerpt":"The simple truth is that wind power has only thrived in Europe because of the generous subsidies doled out. It will never be competitive in a free and open market, because its intermittency makes it worthless.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-26.png?fit=1200%2C629&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-26.png?fit=1200%2C629&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-26.png?fit=1200%2C629&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-26.png?fit=1200%2C629&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/02\/image-26.png?fit=1200%2C629&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":278487,"url":"https:\/\/climatescience.press\/?p=278487","url_meta":{"origin":287959,"position":2},"title":"Europe\u2019s solar industry warns of bankruptcy risk as prices\u00a0drop","author":"uwe.roland.gross","date":"12\/09\/2023","format":false,"excerpt":"So much for cheap solar power then!","rel":"","context":"In \"Chinese suppliers\"","block_context":{"text":"Chinese suppliers","link":"https:\/\/climatescience.press\/?tag=chinese-suppliers"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0solar-power-panels-on-a-roof-at-sunset.jpg?fit=1200%2C651&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0solar-power-panels-on-a-roof-at-sunset.jpg?fit=1200%2C651&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0solar-power-panels-on-a-roof-at-sunset.jpg?fit=1200%2C651&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0solar-power-panels-on-a-roof-at-sunset.jpg?fit=1200%2C651&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0solar-power-panels-on-a-roof-at-sunset.jpg?fit=1200%2C651&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":221447,"url":"https:\/\/climatescience.press\/?p=221447","url_meta":{"origin":287959,"position":3},"title":"Sternberg on Risk to Financial Institutions from Climate Change","author":"uwe.roland.gross","date":"30\/09\/2022","format":false,"excerpt":"At the worst end of the spectrum, whole states and regions are facing rolling electrical blackouts and brownouts.\u00a0","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1451.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1451.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1451.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1451.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/09\/image-1451.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":309664,"url":"https:\/\/climatescience.press\/?p=309664","url_meta":{"origin":287959,"position":4},"title":"Icy blast of bankruptcies loom for Swedish wind-power sector, experts warn","author":"uwe.roland.gross","date":"17\/03\/2024","format":false,"excerpt":"Two Swedish economists have issued a\u00a0warning\u00a0that the country\u2019s wind-power industry is on the brink of a wave of bankruptcies.","rel":"","context":"In \"bankruptcy\"","block_context":{"text":"bankruptcy","link":"https:\/\/climatescience.press\/?tag=bankruptcy"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0-Swedish-wind-power.jpeg?fit=1200%2C676&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0-Swedish-wind-power.jpeg?fit=1200%2C676&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0-Swedish-wind-power.jpeg?fit=1200%2C676&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0-Swedish-wind-power.jpeg?fit=1200%2C676&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0-Swedish-wind-power.jpeg?fit=1200%2C676&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":227390,"url":"https:\/\/climatescience.press\/?p=227390","url_meta":{"origin":287959,"position":5},"title":") Energy cost curbs are impeding Europe\u2019s renewables rollout, Vestas warns","author":"uwe.roland.gross","date":"04\/11\/2022","format":false,"excerpt":"Attempts by the EU to curb high energy prices are leading to a slowdown in the adoption of renewable energy just as the region tries to ramp it up, the chief executive of one of the world\u2019s largest wind turbine manufacturers warned.","rel":"","context":"Similar post","block_context":{"text":"Similar 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