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Renewable Energy Costs in Europe and the UK

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EU green policy leaves households and economy in the red | CFACT. Failed economics of Renewable Energy: The Facts - Principia Scientific International. Published on Written by Ed Hoskins By 2014 European Union countries had invested approximately €1.1 trillion, €1,100,000,000,000, in large scale Renewable Energy installations. This has provided a nominal nameplate electrical generating capacity of about 216 Gigawatts, or nominally about ~22% of the total European generation needs of about 1000 Gigawatts. The actual measured output by 2014 from data supplied by the Renewables Industry has been 38 Gigawatts or 3.8% of Europe’s electricity requirement, at a capacity factor of ~18% overall. Accounting for capacity factors the capital cost of these Renewable Energy installations has been about €29billion / Gigawatt.

The whole 1000 Gigawatt fleet of European electricity generation installations could have been replaced with lower capital cost Gas-fired installations for the ~€1trillion of capital costs already expended on Renewable Energy in Europe. Data Sources Recent publications with data up to the end of 2014 have been used here. Conclusions. Estimating life-time costs for Renewable Energy in Europe - Principia Scientific International. Published on Written by Ed Hoskins Summary Introduction This article is concerned with the two main forms of weather-dependent Renewable Energy, Wind Power (Onshore and Offshore) and Photovoltaic solar power. In the UK this amounts to ~75% of all installed Renewable Energy. The other Renewable Energy inputs are traditional Hydro power ~8% and the remainder are other sources such as biomass, waste and landfill gas amounting to ~17%: they are not considered here. It accepts that the effective capital cost of weather-dependent Renewable installations range from 16 – 63 bn€ / Gigawatt for the electrical energy produced when their capability for productive contribution to the grid is taken into account.

This article is intended only to give indicative guesstimates of the differentials in financial performance of Renewables and shows however the data is assembled that they are generally bound to be very significantly more costly than fossil fuel based generation. Assumptions Some conclusions. Germany: 120 Billion Euros For 5% Electricity Supply! And “Huge New Green Movement” Against Wind Power.

Only 5% of demand covered The Swiss online Baseler Zeitung here writes how the country’s Association for Pharmaceutical, Chemical and Biotech Companies is coming out against Switzerland’s recently proposed green “energy strategy”, saying that it is “fundamentally going in the wrong direction“. The association fears it will lead to higher costs. Energy politician Christian Wasserfallen “is pleased” about the message, the Baseler Zeitung writes. The economy is slowly realizing what a threat the energy strategy poses.” On the problems of supply reliability from sun and wind power, the Baseler Zeitung reports: Just how little wind and sun really deliver was actually measured for example by Germany yesterday: The more than 120 billion euros worth of solar panels and wind turbines installed since 2000 delivered 4% and 1% respectively of German power demand.”

Huge Resistance Now Mounting Against German Green Energies CO2 reductions backfire “New green movement” posing huge resistance. New Study: German Agreed 2050 CO2 Reductions Could Cost Astronomical $2.8 TRILLION By 2050! It has long been dawning on most people that the costs of Germany’s Energiewende (transition to green energies) have been spectacularly underestimated. As Germany rushes into its foray with renewable energies, principally wind and sun, we are finding out that many of the costs involved were never taken into account.

According to Die Welt: In Germany up to 2.3 trillion euros additionally have to be invested in order to reach the long-term climate protection targets of 2050. That’s the result from a current study by the Bundesverband der Deutschen Industrie [German Federation of Industry].”– Daniel Wetzel, Die Welt – Journalist Daniel Wetzel at the online flagship daily Die Welt reports on the results of the study commissioned by the German BDI, which found that the cost of Germany (only Germany!) Meeting its 2050 Paris Accord obligations (95% reduction) could be as high as 2.3 trillion euros ($2.8 trillion). Chart source: Union of Concerned Scientists. Green Electrical Shocks. On Sunday Feb.4, a weekly news program aired in the Netherlands on the titled subject.

H/T Climate Scepticism. The video clip is below with English subtitles. For those who prefer reading, I provide the substantial excerpts from the program with my bolds. How many of you have Green Electricity? I will estimate 69% And how much nationally? Let me ask: Green electricity comes from . . .? Well I have green news and bad news. Shock #1: The green electricity from your socket is not green. Well, that turned out to be untrue. Shock #2: Green Electricity is mostly fake. But that electricity doesn’t come from abroad, it stays abroad.

In Europe green electricity gets an official certificate, Instead of selling on the electricity, they sell on those certificates. The idea was: if countries can sell those certificates, they can make money by producing more green electricity. The Dutch suppliers wave with those certificates, and say Look! More and more countries sell those certificates. Ridiculous. Failure of UK renewable energy policy to minimise costs, deliver meaningful emissions cuts, and maintain security of supply. A new report from the Global Warming Policy Foundation finds that consumers are paying far too much for the emissions reductions delivered by renewable energy. The report, linked here, by Dr Capell Aris, is the result of extensive energy system modelling, and reports the costs, greenhouse gas emissions and grid security delivered by the current grid and by a series of counterfactual energy systems. As Dr Aris explains: “The dash for gas of the 1990s delivered lower carbon dioxide emissions and lower costs.

If we had simply continued, we could now be enjoying electricity prices 30-40% lower than today, with similar carbon dioxide emissions, and vastly better grid security. Consumers are grossly overpaying for a very unreliable system.” This counterintuitive result arises because of the effect of intermittent renewables on the grid. Renewables have forced gas-fired power stations to ramp their output up and down in order to balance the grid and prevent blackouts.

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