Squandering other people’s money is what the wind and solar industries do best. Let’s face it, they wouldn’t exist without massive and endless subsidies.
The chaotic power they occasionally produce has no commercial value and as Warren Buffett put it “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.” Buffett might have continued, that it’s the only reason anyone invests in them.
In the detailed analysis below, Larry Brown goes further to reach the conclusion that, with or without subsidies, these things make no sense at all.
Wind Farm Back-of-the-Envelope Economic Analysis
Larry F. Brown
Watts Up With That?
21 July 2019
We visited a wind farm in southern Utah recently. I’ve always been curious about the costs, profitability, and physical size of these things as well as the footprint and…
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