The Green Energy Fail

 Daily Caller:

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“One of the problems with this industry as a whole is that, since at its very foundation it is based on government subsidies and government mandates, its market value is never truly known,” Daniel Turner, the executive director of Power the Future, told the DCNF in an interview.

“It’s a big lie when the environmentalists say, ‘it’s cheap’ — we don’t know what it actually costs,” Turner continued. “It may be, I’m not denying it could be, but the fact is we don’t actually know what wind and solar cost.” (RELATED: Consumers Set To Get Crushed As Energy Utilities Switch To Solar, Wind)

The average price for renewable energy technology in North America increased an “astounding” 28.5% between early 2021 and early 2022, according to an April 13 report from renewable industry marketplace LevelTen Energy. Development costs, supply chain issues and market uncertainty are to blame for the setback even as demand for green energy climbed, the report added.

In addition, wind and solar project completions in the U.S. have plummeted over the last two years with the total investment value of such projects falling from $46.2 billion in 2019 to $7.5 billion in 2021, an Industrial Info Resources report published on April 21 showed. In that same time span, the number of wind and solar project completions has decreased from 240 to just 66, a 73% decline.

“Difficulty in obtaining financing, regulatory challenges, or a shortage of available capacity on the transmission grid are three longstanding challenges to getting renewable generation built,” Industrial Info Resources Vice President of Research for the Global Power Industry Britt Burt said in a statement.
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It is not a reliable source of energy and is expensive on top of that.  While it may have some uses in remote locations that are not near a pipeline, it is not the long-term answer to replacing oil and gas. 

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