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Check Hinkley Point C. When done it will reliably produce more than 3GWh every hour of every day. More than 28 TWh every year. Your 269 renewable projects, occ

by wazoox 6y ago

Check Hinkley Point C. When done it will reliably produce more than 3GWh every hour of every day. More than 28 TWh every year. Your 269 renewable projects, occupying thousands of times more land space and requiring hundred of times more resources to build, will only produce 3 to 4 times as much at best, while still requiring an equivalent spare capacity (in storage, using unavailable technology, or in gas, coal, ... or nuclear) for times of no wind or no sun. Renewables are a sham. A waste of money, land and resources. Seriously, I'm quite sure of it now.

toomuchtodo 6y ago
> Renewables are a sham. A waste of money, land and resources. Seriously, I'm quite sure of it now. From Wikipedia on HPC: > EDF has negotiated a guaranteed fixed price – a "strike price"– for electricity from Hinkley Point C of £92.50/MWh (in 2012 prices),[26][81] which will be adjusted (linked to inflation) during the construction period and over the subsequent 35 years tariff period. The strike price could fall to £89.50/MWh if a new plant at Sizewell is also approved.[26][81] High consumer prices for energy will hit the poorest consumers hardest according to the Public Accounts Committee. > One analyst at Liberium Capital described the strike price as 'economically insane' in October 2013: "as far as we can see this makes Hinkley Point the most expensive power station in the world... on a leveraged basis we expect EDF to earn a Return on Equity (ROE) well in excess of 20% and possibly as high as 35%".[98] "Having considered the known terms of the deal, we are flabbergasted that the UK Government has committed future generations of consumers to the costs that will flow from this deal" > 25 September 2019, EDF announced that the total cost of the power station was likely to rise by up to £2.9bn and the total bill could be more than £22bn This very much sounds like a waste of money and resources. https://en.wikipedia.org/wiki/Hinkley_Point_C_nuclear_power_station#Economics https://en.wikipedia.org/wiki/Hinkley_Point_C_nuclear_power_...
- wazoox 6y ago
  France just signed for a new large wind farm (300 mills), guaranteeing 120-140€/MWh for 20 years. What's subsidized, already?
  - toomuchtodo 6y ago
    I can't speak to France and EDF's poor energy policies. I suppose when you're a government propping up a state owned utility, it's all numbers on a spreadsheet being moved around (except you're soaking your citizens/rate payers in the process). Wind and solar are exceptionally cheap in sane energy markets.

by wazoox 6y ago

toomuchtodo 6y ago

> Renewables are a sham. A waste of money, land and resources. Seriously, I'm quite sure of it now. From Wikipedia on HPC: > EDF has negotiated a guaranteed fixed price – a "strike price"– for electricity from Hinkley Point C of £92.50/MWh (in 2012 prices),[26][81] which will be adjusted (linked to inflation) during the construction period and over the subsequent 35 years tariff period. The strike price could fall to £89.50/MWh if a new plant at Sizewell is also approved.[26][81] High consumer prices for energy will hit the poorest consumers hardest according to the Public Accounts Committee. > One analyst at Liberium Capital described the strike price as 'economically insane' in October 2013: "as far as we can see this makes Hinkley Point the most expensive power station in the world... on a leveraged basis we expect EDF to earn a Return on Equity (ROE) well in excess of 20% and possibly as high as 35%".[98] "Having considered the known terms of the deal, we are flabbergasted that the UK Government has committed future generations of consumers to the costs that will flow from this deal" > 25 September 2019, EDF announced that the total cost of the power station was likely to rise by up to £2.9bn and the total bill could be more than £22bn This very much sounds like a waste of money and resources. https://en.wikipedia.org/wiki/Hinkley_Point_C_nuclear_power_station#Economics https://en.wikipedia.org/wiki/Hinkley_Point_C_nuclear_power_...

wazoox 6y ago
France just signed for a new large wind farm (300 mills), guaranteeing 120-140€/MWh for 20 years. What's subsidized, already?
- toomuchtodo 6y ago
  I can't speak to France and EDF's poor energy policies. I suppose when you're a government propping up a state owned utility, it's all numbers on a spreadsheet being moved around (except you're soaking your citizens/rate payers in the process). Wind and solar are exceptionally cheap in sane energy markets.