Blow to Orsted, Equinor and BP as New York rejects pleas for offshore wind contract relief leaving 4GW in limbo
It was a combination of things like zero interest, copious subsidy programs, and free services such as grid balancing that made completely insane ideas such as offshore wind possible. As it turns out they needed the orchestra of all of them and some more to function. If only one of them does not deliver anymore they crash into the rocks. Does anyone even comprehend how far from anything like a marketable price for their electricity we are? They are far, far more expensive than anything we had so far. But still claim to be the cheapest. Wind, solar, battery vehicles, and hydrogen are as dead as a doorknob. They just don’t know it yet.
Fun – information – intrigue – what’s your reason for reading my updates?
They also spawn like rabbits. Tired of chasing them down all over the net? I can take away your pain.
Subscribe to my newsletter and every Tuesday, you get a list of all updates plus a full feature article and a collection of Natural Gas prices. It’s easy, it’s free and I promise it will entertain/rile you.
Want more information? See my Newsletter page. Also, read the Privacy page.
Attention: you will receive a confirmation mail. If you have not received it sometime after you pressed the “Sign me up” button, check your spam folder.
All information published on this Web service is for instructional and educational purposes only. It doesn’t mean to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Please read the Terms of Service for further information.
Also read the Code of Conduct page for information on required online manners.
This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.
OKLearn moreWe may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.
Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.
These cookies are strictly necessary to provide you with services available through our website and to use some of its features.
Because these cookies are strictly necessary to deliver the website, you cannot refuse them without impacting how our site functions. You can block or delete them by changing your browser settings and force blocking all cookies on this website.
These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience.
If you do not want that we track your visist to our site you can disable tracking in your browser here:
We also use different external services like Google Webfonts, Google Maps and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.
Google Webfont Settings:
Google Map Settings:
Vimeo and Youtube video embeds:
You can read about our cookies and privacy settings in detail on our Privacy Policy Page.
Privacy