The Rising Cost Of Bird Choppers

Climate Cult Gradually Then Suddenly It's Probably Nothing 25 Comments

These days it’s routine to hear that wind power is “free” energy. But the Swedes are finding out that the absence of an invoice for raw material doesn’t mean that it’s impossible to still lose your capital investment.

Christian Sandström and Christian Steinbeck analysed wind-power companies’ annual reports in Sweden and their work revealed “significant financial problems”, they told Swedish media outlet Kvartal on February 28.

“The total loss for the years 2017–2022 amounted to 13.5 billion Swedish krona [€1.2 billion], which meant a loss margin of 39 per cent,” they said about the sector.

Sandström and Steinbeck pointed out that the sector as a whole has not made a profit in any year since 2017.

Company losses have ranged from 19 per cent to 90 per cent of turnover between 2017 and 2022, they said.

25 Replies to “The Rising Cost Of Bird Choppers”

  1. The lack of profitability is why Communists love this and insist on it, or dare I say?, demand it.

      1. We’re looking for a good $mall electric car.
        Is the 240 series very hard to Push ?

        1. They stopped making the 240 series long ago. It had one of the most reliable, overbuilt ICE engines ever.
          You millennials think the world started when you were born.

        1. 1965, 289 v8 Mustang convertible. Now that was a car and still is a car for anyone who might still have one. Out of the 35 or 40 vehicles I have had that was my favorite.

          1. 1966 Chevy Nova. 327 FI. 375hp and a great 4 speed trans.

            PS. 2015 Toyota land cruiser with 330.000 miles.
            Best one of all

    2. That press release is 3 years old. Volvo recently announced pulling funding from its EVs.

      1. “That press release is 3 years old. Volvo recently announced pulling funding from its EVs.”

        I thought that as well. Volkswagen did the same.

  5. Technically wind power can’t be “free”. It has to make money. So it’s a negative return on investment capital. Question is, how much? The losses have been largely offset by subsidies. Not the oil & gas style subsidies, the more Brian Mulroney, here is money in an unmarked envelope kind of subsidies. Now that the subsidies are wearing off, the true cost of wind is stepping up to the plate and it’s a heavy hitter.

  6. I’d hate to guess what the electricity rates would have to be for them to break even, let alone be profitable.

    1. “I’d hate to guess what the electricity rates would have to be for them to break even, let alone be profitable”

      Me too. Most people have no idea how mechanically unreliable these things are…just the routine maintenance alone is a nightmare, never mind repairing them when they break down. And don’t even get me started on how much of their nameplate power they actually produce in the real world…

    2. A guy from Emera who would know told me about $0.60 kwhr is break even. So about 450% more than today. That does not cover the cost of backup for when it doesn’t blow. That is just capital, operating and decommissioning. Factor in the other stuff, probably $0.75 kwhr. Firewood, anyone?

  7. I stuffed a Volvo 240 drive line into 8 hp Roper riding lawn mower years ago , that puppy was a beast….it scared the shit of me and I’m a nutbar on a good day.

    1. It depends on which country you’re in. But generally, all the Baltic and North Sea countries tell Norwegian jokes. They are the Irish of the Arctic.

  9. When the free money stops, so will the windmills.. And its not even the loss because profits are normally part of the program.. That hole is twice as deep as they are admitting..

  10. When the free money stops, so will the windmills.. And its not even the loss because profits are normally part of the program.. That hole is twice as deep as they are admitting..

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