What a windfall for the owners of Airtricity? Of course the €2bn price tag was largely based on government regulations requiring the ESB to enter long-term contracts to buy the output from wind-farms. In the ESB’s 2006 annual report the Chairman states that “these contracts are worth €2.5bn in today’s money and most of these schemes would not get off the ground without these contracts.” This massive transfer of wealth from ordinary consumers to a few enterprising individuals could be well worth it for the sake of major environmental benefits. But sadly there are none.
Unfortunately the wind does not blow on command and therefore most wind power is totally useless because it’s produced at times of low demand. Electricity cannot be stored and must be generated minute by minute to meet demand. So far, the wind industry’s hot air and hype have persuaded our policymakers to hand over huge amounts of our money. This wind-farm madness should stop now.
8 January 2008
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