whatyareckon

Germany’s so-called wind and solar ‘transition’ – the ‘Energiewende’ was in strife before Vlad Putin invaded Ukraine; post invasion, it’s a diabolical mess. German households and businesses are already suffering Europe’s highest power prices; since Putin’s Ukrainian adventure began, German power prices have rocketed, further still, recently hitting a record 40 US cents per kWh.

In September 2018, when Donald Trump warned Germany’s delegation to the UN General Assembly that Germany would soon become totally dependent on Russian energy if it didn’t immediately change course, those delegates laughed like know-it-all school children.  Well, the joke’s on them, now.

Experience has a great way of displacing ignorance, albeit with a costly pricetag.

And with Putin delivering Germany’s energy wonks a very valuable lesson about the lunacy of attempting to run on sunshine and breezes, it appears that their arrogance is making way for new-found humility.

Greg McLean takes a look at what’s next…