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Green peas give me wind.

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Sep 8, 2023Liked by Jaime Jessop

Perhaps the net-zero zealots could risk some of their own money to develop these windfarms. No? It's funny how the private sector is damned if it does and damned if it doesn't.

Clearly, there will be plenty of takers for offshore generation if and when it becomes price competitive with fossil energy. Until then we can all enjoy the spectacle of various green luminaries spitting flame.

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founding

I don’t think any whales have been harmed in the North Sea or the Irish Sea. There’s a buyer’s strike at the moment because of volatility in wholesale electricity prices and interest rates. Developers build additional contingencies into their models because of this. Once things settle down a bit, they will be back.

There’s not much Miliband can do to change market forces. His target to decarbonise the grid by 2030 is dead on arrival given the planning issues with new power lines. Where he will be a menace is in forcing households to transition from gas to electricity. The UK’s housing stock is not up to it. I see very few houses on the market with EPCs of A/B. We are likely to end up with millions of houses condemned as unfit. I’m expecting wholesale slum clearance like we had in the 1960s. If you think Birmingham was unfortunate with its bill for equal pay, wait until they assess their liability to upgrade social housing.

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As a retired building surveyor I find the whole thing quite unrealistic and farcical.

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We can thank Jerome Powell and his equally Tight colleagues at the British central bank. Wind power, like bitcoin mining, was a way for VCs to burn up free money for tax advantages. Now that the free money fountain is shut off, crazy projects are much less popular.

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They've already sold/given 150 windfarms off the East Coast of US. I am heartsick.

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Ed Milliband is going to be a real menace, one of the worst choices for this role, not least because he will want to punish common folk out of spite and revenge for rejecting him as leader.

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author
Sep 8, 2023·edited Sep 8, 2023Author

He is indeed a very dangerous zealot with an axe to grind and a job to finish. He will spark riots, I'm sure.

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