Thursday, March 08, 2012

Edinburgh professor skewers wind

Professor Gordon Hughes of the Edinburgh University School of Economics has released a report on the cost of wind power.  He comes up with an analysis which questions the economic case for wind.  For example:
  • 'A typical wind turbine generates power that is worth around £150,000 per year but attracts subsidies that are worth more than £250,000 a year.'
  • 'Indeed, there is a significant risk that annual CO2 emissions could be greater under the Wind Scenario relative to the Gas Scenario.'
  • 'Wind power is an extraordinarily expensive and inefficient way of reducing CO2 emissions when compared with the option of investing in efficient and flexible gas cycle combined cycle plants.'
  • 'The cost of the Renewables Obligation scheme alone has risen from £278 million in 2002 to more than £1 billion in 2011. . . '
You can read the report here.

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