EU Gambit to Swap Russian Gas for Offshore Wind Is Falling Short

May 12, 2023/in /by Rudolf Huber

Those who commit to those targets (and I also include the managers here) live in a dream world. They believe the figures they get from some strategists and sell them to the government bureaucrats for their subsidies. And when reality kicks in and they find out that the figures they were given originally were as fake as a shopping mall Santa’s beard, they make a fuss. There are a couple of simple rules – one is that anything that you do onshore becomes a lot more expensive offshore. Onshore wind power is already extremely expensive. What did they think?

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