In the absence of subsidies there would not be a wind industry, period. As Warren Buffett said: “We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.” Indeed!
Every wind turbine on earth could be sucked into outer space, right now, and it wouldn’t make a jot of difference to the provision of electrical power to businesses and households anywhere on Earth. Simply because for every MW of wind power capacity there has to be a MW of reliable, dispatchable, controllable, dependable, consistent, grown-up electricity generating capacity – connected to the grid and ready to throw power into it, in a heartbeat, at all times. Those qualities are limited to coal, gas, nuclear and stored hydro (ie with water captured by dams).
Pumped hydro is just another way of consuming electricity to…
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