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Wind energy not yet profitable  

Credit:  www.dutchnews.nl 17 November 2011 ~~

The government has invested a total €3bn on developing wind technology and compensating for the losses over the past 20 years, according to a new report by the national statistics office CBS.

The CBS figures show last year, the wind energy sector made a loss of €150m but received €360m in government support.

The loss is largely due to low electricity prices and the shortage of wind, the CBS said.

The figures are contained in the CBS’s 2010 (English language) environmental accounts.

Source:  www.dutchnews.nl 17 November 2011

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments to query/wind-watch.org.

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