When spending other people’s money who cares, right?
Death and taxes are certainties, so is the fact that power prices soon rocket out-of-control, once your power needs depend on the weather. Ireland is no exception. More than €1.3 billion in subsidies has been thrown at wind power outfits in less than a decade, and with little to shown in return – unless, of course, the object was driving the cost of power into orbit. In which case the Irish have succeeded, with the latest bids for offshore wind power contracts hitting prices close to €150 per megawatt hour, three times the rates prevailing in neighbouring Scotland, and streets ahead of those elsewhere in Europe.
Mirin De Barra has the story below.
Ryan’s Much-Heralded Wind Energy Would be World’s Most Expensive at First Auction
Gript
Mirin De Barra
8 May 2023
Last year, to great razzmatazz, Minister Eamon Ryan announced that opportunities to generate energy from Ireland’s wind was…
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