German Hi-Tech Firms Driven Offshore By Unaffordable & Unreliable Renewable Energy
‘Net zero’ is precisely the number of meaningful jobs that’ll be left after our ‘inevitable transition’ to an all wind and sun powered future.
Looking for an example? Look no further than the wind and solar acolyte’s pinup girl, Germany.
Notwithstanding billions of euros in subsidies, courageous mandates and punitive targets, its Energiewende has failed to deliver on the long-promised green energy jobs bonanza. And, worse, hundreds of thousands of the renewable energy ‘industry’ jobs that once existed, are fast disappearing.
Its increasingly unaffordable and chaotically unreliable wind and solar supply are having perfectly predictable effects on the German economy, as a whole.
One myth peddled by renewable energy rent seekers and their propagandists is that meaningful, well-paid jobs (of the kind that Uni grads crave) are situated in high-tech businesses and industries that are untroubled by the world’s highest power prices.
Well, mercenary as it may seem, most businesses attempt to make a profit and hope to avoid being wound up in bankruptcy.
Faced with the choice between going broke or going elsewhere, Germany’s world-renowned high-tech businesses are opting for the latter course.
Here’s Jo Nova detailing the exodus caused by Germany’s mounting renewable energy debacle.
German experiment to make wind-powered Silicon Chips fails
Jo Nova Blog
24 February 2020
This is another example of how more green jobs means less real ones. A German High Tech Chip maker driven to Singapore by renewable energy prices.
In 2020, wind power generated more than a quarter of German electricity and solar power another 10%. Despite all that *free* energy Germans pay some of the highest electricity prices in the world at 38c/KWh. Whereas Singaporeans use natural gas and pay 18c/KWh. Germans are famous for their high tech engineering, but now they can’t afford to manufacture it at home. Siltronic is moving, and along with that presumably goes some of the intellectual property, brains, and security that comes with having that production locally.
Chipmakers lament high taxes and levies on electricity in Germany
Siltronic boss Christoph von Plotho blames Germany’s high energy costs for the decision: “The high electricity price makes the location unattractive,” he said in an interview with the Handelsblatt. His company pays “less than half the electricity price” in Singapore.
The main cost driver in Germany is the green energy levy under the Renewable Energy Sources Act (EEG) which has cost energy consumers more than 30 billion euros last year.
It’s not just expensive electricity, it’s “insecure” electricity:
Germany’s largest semiconductor producer Infineon told Handelsblatt that insecure power supply was also a major factor in reconsidering industrial production in Germany and Europe.
Solar panels and wind turbines are just not good for making silicon chips.
How much will Germany change world temperatures with windmills when the factories just move to different places?
*For the record, German wind power has a theoretical capacity of 60GW, whatever that means.
Jo Nova Blog