Wind Power Has A Profitability Problem

[be.open]

Meanwhile, a very strange paradox has emerged in the US wind energy market:

The wind energy market is stuck in this very strange paradox right now. We have the best long-term climate policy certainty ever, across all the largest markets, but we’re struggling through a period where the whole industry, particularly the supply chain, has been hit by issues that have culminated in destroying profit margins and running many of the top OEMs [original equipment manufacturers] and their component vendors into negative profitability territory.

Negative profitability territory is a more politically correct designation for the billion-dollar losses that the US wind power giants have been suffering for several years, despite the political importance of the climate change agenda and generous government subsidies in the campaign to eliminate dependence on fossil fuels.

What I’m seeing is a colossal market failure.

Against the backdrop of growing economic problems in the United States, this green environmental movement is becoming more and more like a large-scale scam to develop budget funds for an initially economically unviable idea.

Share your opinion on this matter.

[1714198927]

1714198927

[KiaKia]

Are people using this wind power still? There must be enough wind to get the exact result they wished for.

I have never liked this wind power of a thing right from the day one when I was trying to build my first set of mining rigs, years ago some of my friend advised me to use wind power and from my own research I've got to know that the negative impacts on wind power is the climate change, you have to make sure that you're getting a lot of wind in your area before setting up a wind power.

The disadvantage is too high and I don't like it and from my own area I think that using the energy from the sun is far more better than using wind power I have some friends outside country in United State of America from Texas and I hear that it's a good place to set up a wind power generator, because it's always windy.

[Doan9269]

People are still making the use of wind power supply but you can't compare the percentage of its output and utilization to that in hydroelectric power supply, solar and any other renewable means of power supply such bio gas organic power supply and many more, the capacity to which all these could provide us individuals is vert little compared to an industrial application which more demands for power, this makes it more common today that the best in use is with the hydroelectric power supply, wind power supply probably could be applicable in some certain levels on research purposes or where the demand in limited to high voltage supply.

[summonerrk]

Meanwhile, a very strange paradox has emerged in the US wind energy market:

The wind energy market is stuck in this very strange paradox right now. We have the best long-term climate policy certainty ever, across all the largest markets, but we’re struggling through a period where the whole industry, particularly the supply chain, has been hit by issues that have culminated in destroying profit margins and running many of the top OEMs [original equipment manufacturers] and their component vendors into negative profitability territory.

Negative profitability territory is a more politically correct designation for the billion-dollar losses that the US wind power giants have been suffering for several years, despite the political importance of the climate change agenda and generous government subsidies in the campaign to eliminate dependence on fossil fuels.

What I’m seeing is a colossal market failure.

Against the backdrop of growing economic problems in the United States, this green environmental movement is becoming more and more like a large-scale scam to develop budget funds for an initially economically unviable idea.

Share your opinion on this matter.

Obtaining energy from wind is one of the most fastidious branches of energy. Special wind conditions are needed in order for wind turbines to pay off and bring profit. And judging by this news, they didn't bring her either. And it worked only for the future, rather as an experiment. It seems to me that it is necessary to develop this direction, it is eco-friendly, but to strengthen supervision over the appropriation and sale of funds allocated by the state.
Because in any case, in the future it will be a profitable project.

[Yamane_Keto]

The term of President Joe Badin was the beginning of work to legalize renewable energy industries, but the rise in prices, what happened with Russia and Ukraine, the rise in food prices and inflation all made any policy that a government would implement in the wind. The backlash in political events will delay all sustainable development plans for several years in the future, which will harm the industry. The brilliance is that there are guaranteed funds that will agree to the industry, and therefore the money allocated to research will increase, including cheaper costs and better energy.

[retreat]

There are only two green power industries that really provide value and can be trusted, namely solar and hydro energy, apart from these two industries it seems that it is just a scam business. Especially for wind energy, building one wind turbine requires millions of dollars but the results obtained are not worth the costs incurred. Moreover, since it was first introduced, equipment in this industry is not getting cheaper, in contrast to solar panels which are now getting cheaper. So what the wind business is doing is siphoning money from the government to fulfill their so-called "renewable energy" dream.

[Ucy]

Meanwhile, a very strange paradox has emerged in the US wind energy market:

The wind energy market is stuck in this very strange paradox right now. We have the best long-term climate policy certainty ever, across all the largest markets, but we’re struggling through a period where the whole industry, particularly the supply chain, has been hit by issues that have culminated in destroying profit margins and running many of the top OEMs [original equipment manufacturers] and their component vendors into negative profitability territory.

Negative profitability territory is a more politically correct designation for the billion-dollar losses that the US wind power giants have been suffering for several years, despite the political importance of the climate change agenda and generous government subsidies in the campaign to eliminate dependence on fossil fuels.

I’m seeing is a colossal market failure

Against the backdrop of growing economic problems in the United States, this green environmental movement is becoming more and more like a large-scale scam to develop budget funds for an initially economically unviable idea.

Share your opinion on this matter.

That's why it's advisable never to be certain in the dark or without a bright shining "head light".
If your model of the World or existence is wrong, you will likely encounter similar issues.
They missed the fact that life/existence degrades when evil increases. Evil = "anything that creates problems and lowers the quality of existence"

Certainty increases when evil is little to zero, while uncertainty increases when evil is much. Evil darkens the mind, and Prediction/Calculation of a darkened mind is limited or full of errors like the error of missing the behaviors/nature of things in future supply chain , resources extraction, global pandemic etc

[Gyfts]

All "renewable energy" has a profitability problem. The pitch the elites gave us was that we must pay higher prices for energy in order to save the planet while they were allowed to emit more pollution than some small countries.

Against the backdrop of growing economic problems in the United States, this green environmental movement is becoming more and more like a large-scale scam to develop budget funds for an initially economically unviable idea.

I've seen this complacency happen before. People become so comfortable with the state of affairs they actively seek matters to complain about for the sake of activism. Climate change activism is a career for some people. Greta Thunberg has the climate change grift down to a science so much so the UN asked her to give a speech.

[tabas]

AFAIK, there's always a big budget needed for these renewable energy and if it's with wind energy. This scaling is entirely different from the typical that everyone knows which is the solar power and that's more preferred by many than of wind. But then, we're all for the renewable energy and anyway of acquiring them. It's best for them to be placed on the right places where it should be used and if these giant companies are complaining about their profitability, they have to reassess if they're still working on these days because there are some other sources that people do prefer and location is the key pertaining to wind energy.

[batang_bitcoin]

As for reading this editorial: Wind industry faces a perfect storm of profit pressures
It states that the global issue that we're experiencing is one of the major catalysts for why the Wind Energy sector experiencing negativity in profits. Cost of material has increased and that's all because of the war, covid19 and inflation.
I think this is all a domino effect but then US' government and those agencies that are concerning this sector should give some help to these companies that they shouldn't just back out this business and give them some appropriate help of like subsidizing anything on their terms as it will kill a lot of jobs and will cause another domino impact.

[Ndabagi01]

If we ignore the drawbacks of employing a wind power source and continue to emphasize its benefits, we will eventually have to deal with serious repercussions that were first disregarded. It is appealing to use since it offers minimal running costs and a renewable energy source. It is difficult for it to be widely embraced because it is limited to specific regions of the world where there isn't always enough wind to operate the turbine. I think it's a great idea to lessen our reliance on fossil fuels, but we shouldn't rely on it too much because it might fail at any point should the source that powers it cease.

[Captain Corporate]

Must be a weird situation, why is it a negative loss for them? I have a friend who works in a wind farm company and they have 27 wind farms, not the biggest I know but they are making a hefty profit all the time. They do get some tax cuts as well, so that helps, but USA companies get that too, what makes them lose money? I mean we need to look at what the costs are, that's the trouble because if one nation has wind farms that are profitable and another has it losing money, even when putting up money for it, I feel like there must be something wrong going on, it shouldn't be losing money, it should be making money in buckets. But if the problem is with wind, then if we want clean energy, we do not really need to use wind alone, there are other stuff as well we can use, so it could be no issue at all. Just switch to solar if that's better, depends on the geography I suppose? Not entirely sure, whatever works for you basically, whatever makes profit for that nation, do that. Green energy is a seriously important subject and not a fake deal, we really do need it, but we don't have to insist on a single style, we can give up what doesn't work and switch to something that works and makes profit.

[OgNasty]

My personal experience operating a wind turbine is that the technology just isn’t there yet. When compared to solar there is considerably more upkeep and ongoing cost for much less output. I think as it currently exists, the only good use for wind turbines are to trickle charge batteries in remote areas or on boats to keep their batteries from dying when not in use.

[dothebeats]

Wind power is still useful in some places, but unfortunately it isn't really possible to make a lot of money off of this because there are a lot of renewable sources out there that does fair better compared to it. Solar energy, for example, while needing to spend a huge amount on the initial costs, returns a lot of energy in the long run which makes the investment and the maintenance worthwhile. Wind turbines are still useful on small villages that aren't reachable by the power grid, but you don't expect someone to just donate one and run one on a far-off place without getting anything from it.

[franky1]

reading the article its not about losing the climate fight about relying less on fossil fuel.

its about the supply chain of not relying on china.
the article admits china's windfarm capabilities are profitable and competitive. but the US wants to stop feeding china with money for supplies.
so ofcourse using US steel and US labour instead of imports/migrant workers will push the costs up.

but here is the thing.
fossil fuel companies need to realise they are a dying breed of business so they need to stop taking profits out to buy yachts and lambos and instead use their dying business models profits to re0invent their business and actually invest that money into "US built" wind farms

however when they get free government grants ontop of their fossil fuel profits. and they get tax deductible policies, they just take out more profits

heck its 2023 and last year there were cries about not having the fuel due to russia/ukraine. and instead of investing more into renewable to have less reliance on other countries. instead of not claiming profits and sidelining funds for investments.. they instead took more profits last year than in previous years

[Sithara007]

Wind power is still useful in some places, but unfortunately it isn't really possible to make a lot of money off of this because there are a lot of renewable sources out there that does fair better compared to it. Solar energy, for example, while needing to spend a huge amount on the initial costs, returns a lot of energy in the long run which makes the investment and the maintenance worthwhile. Wind turbines are still useful on small villages that aren't reachable by the power grid, but you don't expect someone to just donate one and run one on a far-off place without getting anything from it.

A decade ago, back in 2013 I had a chance to interact with a few people who were involved in wind turbine installation. Back then, they were quite bullish about the prospects of wind energy. The cost of production was comparable with that of solar energy, and it was considered as an option that is suitable for a wide range of regions (not just regions with high solar radiation). One decade has passed, and the situation has changed completely. Solar production cost has come down considerable, while wind power has become more expensive. No one talks about new projects nowadays.

[Darker45]

I guess the profitability problems with wind power which involve supply chain, manufacturing, vendor, and other issues have nothing to do with it being a way to grow less dependent on fossil fuel. Surely, there must be a lot of scams and exaggerations and hypocrisy and propaganda involved in this climate change movement, but if only we call spade a spade, harnessing wind power for energy is a good thing. The room for improvement in terms of efficient technologies to produce this renewable energy cheaply is significantly big, though. And, of course, wind energy could only be viable in select spots where the wind is expected to be strong all year round.

[wajik-tempe]

I think it is incorrect to characterize the green environmental movement as a large-scale ruse to raise budget dollars for an originally economically unviable proposal. Renewable energy production is a critical step in lowering greenhouse gas emissions and achieving a more sustainable future. True, renewable energy, especially wind power, confronts severe economic hurdles that must be solved.

Furthermore, it is critical to recognize that transitioning to a sustainable future necessitates a collaborative effort from all stakeholders, including governments, industry, and individuals.

[Die_empty]

I think it is incorrect to characterize the green environmental movement as a large-scale ruse to raise budget dollars for an originally economically unviable proposal. Renewable energy production is a critical step in lowering greenhouse gas emissions and achieving a more sustainable future. True, renewable energy, especially wind power, confronts severe economic hurdles that must be solved.

Furthermore, it is critical to recognize that transitioning to a sustainable future necessitates a collaborative effort from all stakeholders, including governments, industry, and individuals.

Diversifying to renewable energy is a capital-intensive task but it is no doubt beneficial to the environment. It is glaring that there is a need to reduce the emission of greenhouse gases but the economic condition of the US is fragile and more attention needs to be paid to the banking and the entire financial sector. Giving these wind power equipment producers subventions or grants might be the best option but considering the financial standing of the US, the drive for green energy should be reduced for now until the economy recovers. Even the UK government had to open up some of its abandoned coal mines because of the problems caused by the Russian invasion of Ukraine. In times of emergency, some drastic decisions need to be taken.

[siniminomorocomunisakito]

What I’m seeing is a colossal market failure.

Against the backdrop of growing economic problems in the United States, this green environmental movement is becoming more and more like a large-scale scam to develop budget funds for an initially economically unviable idea.

Share your opinion on this matter.

Yes, This shows that there are structural issues within the industry that need to be addressed and it remains to be seen if these issues can be resolved and wind power can become a viable alternative to fossil fuels. I think that corporate collaborations between wind power and other renewable energy technologies, such as battery storage or solar power, can also help create more reliable and cost-effective renewable energy systems.

I think it's also good that enterprise collaborations between wind power and other renewable energy technologies, such as battery storage or solar power, can also help create more reliable and cost-effective renewable energy systems.