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Gone With the Wind: Weak Returns Cripple German Renewables
Der Spiegel ^ | January 30, 2014 03:19 PM | Gunther Latsch, Anne Seith and Gerald Traufetter

Posted on 01/31/2014 12:22:51 PM PST by managusta

Investments in renewable energy were supposed to be a sure thing, with wind park operators promising annual returns of up to 20 percent. More often than not, however, such pledges have been illusory -- and many investors have lost their principal to boot.

Indications are mounting, however, that green capitalism will not be able to meet all expectations. In courts around the country, complaints are mounting from wind park investors who haven't received a dividend disbursement in years or whose parks went belly up.

Consumer protection activists are complaining that many projects are poorly structured and lack transparency. In the renewables sector, fear is spreading that the Prokon bankruptcy -- combined with plans for a reduction in the guaranteed feed-in tariff recently released by new German Economy Minister Sigmar Gabriel -- could scare away investors.

Should the average wind speed at a given site be just 10 percent lower than the forecasted value, for example, the amount of power generated will be 30 percent less.

(Excerpt) Read more at spiegel.de ...


TOPICS: Extended News; Germany; Government; News/Current Events
KEYWORDS: bankruptcy; europeanunion; germany; globalwarminghoax; windpower
Renewable energy is as useful as a chocolate hammer.The only purpose is to scam the gullible public.
1 posted on 01/31/2014 12:22:51 PM PST by managusta
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To: managusta

Reality has consequences.


2 posted on 01/31/2014 12:24:17 PM PST by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: managusta

Don’t paint with too broad a brush.
Folks been gettin’ juice from Hoover Dam for a loooong time.

I’m all for non-crony renewable energy that makes economic sense.


3 posted on 01/31/2014 12:24:51 PM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: managusta

At least you could eat a chocolate hammer.


4 posted on 01/31/2014 12:24:58 PM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: managusta

Pretty soon there will be the saying: “I have a wind turbine for sale” as in the Brooklyn Bridge saga.


5 posted on 01/31/2014 12:35:18 PM PST by 353FMG
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To: 353FMG

The intelligent Germans say “Kein Urlaub in idiotenland”..meaning them windmills are loud and only idiots believe they’re useful.


6 posted on 01/31/2014 12:55:16 PM PST by gr8eman (How ya doin Bob?...Bitchen!)
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To: managusta

A new owner might be able to make a bankrupt wind farm profitable, because there would be little or no remaining expenses for amortizing the capital costs. However, if the bankruptcy also frees the government of any obligation to pay ridiculously-high feed-in rates, then we can expect to see turbines coming down and sold as scrap.


7 posted on 01/31/2014 1:03:34 PM PST by USFRIENDINVICTORIA
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To: nascarnation

That’s because the Hoover Damn can generate electricity for 2 or 3 cents. Wind is more in the 30+ cents range.

I expect to live long enough to see wind power abandoned and windmills dismantled for parts.


8 posted on 01/31/2014 1:16:34 PM PST by Balding_Eagle (Over production, one of the top 5 worries for the American Farmer every year.)
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To: Balding_Eagle

Are you including the protein value of the shredded poultry downstream?


9 posted on 01/31/2014 1:19:23 PM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: gr8eman

“....only idiots believe they’re useful.”

.
Idiots, the politicians that promote them for their personal enrichment and the manufacturers of those wind mills.


10 posted on 01/31/2014 1:26:53 PM PST by 353FMG
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To: managusta

You got it right........ some got the money and ran.

That was the intention all along


11 posted on 01/31/2014 1:30:39 PM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: Balding_Eagle

I would like to get one of the generators (without the geartrain in front for the propeller) for a diesel-electric car, if I could get it cheap. Those generators are first-class in efficiency.


12 posted on 01/31/2014 2:40:40 PM PST by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: managusta
Renewable energy is as useful as a chocolate hammer.

Don't paint it all with that brush.

Hydro is a renewable.

13 posted on 01/31/2014 4:22:33 PM PST by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: nascarnation
Folks been gettin’ juice from Hoover Dam for a loooong time.

Very true. But, tellingly, hydro-power is no longer considered "renewable" by the sages of global warming climate-change. No doubt, for the reason that it provides cheap energy forever.

That.must.not.stand!

14 posted on 01/31/2014 4:22:43 PM PST by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas.)
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To: managusta
Seems to me like somebody should take some of that electricity and drive a fan to make the wind blow more steadily.

After all, it's right there.

15 posted on 01/31/2014 4:24:14 PM PST by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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