4 ms·
It’s strange because wind is supposedly overwhelmingly cheaper and better, yet even with tons of government subsidies and political will behind it, it still can
by monero-xmr 3y ago
It’s strange because wind is supposedly overwhelmingly cheaper and better, yet even with tons of government subsidies and political will behind it, it still can’t be built. Wouldn’t something truly more cost effective be easy to build because it’s cheaper? Clearly something doesn’t add up.
- cesarb 3y ago> It’s strange because wind is supposedly overwhelmingly cheaper and better There's two kinds of wind power: onshore and offshore. Their costs are different, with onshore being cheaper. The ones in Brazil are all onshore, while the one in the article you linked to is offshore. In the USA, offshore is even more complicated because of the Jones Act (it needs specialized ships to transport and erect the structures, while onshore needs only common cranes).
- kragen 3y agoobviously enough, numerous projects that are profitable when you can finance them at 1% become unprofitable when you have to finance them at 6%, particularly when you're competing with incumbent assets financed at 1% https://fred.stlouisfed.org/series/FEDFUNDS https://fred.stlouisfed.org/series/FEDFUNDS feb 02022, 0.08% interest. since august, 5.33% nothing is easy to build in the usa; it's halfway to being zimbabwe