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By Jo Nova
It’s just another signpost on the way to the Great Green Economy Downunder
We’re watching the renewable bubble pop around us. Tritium was the wonder-child Australian technology business that built fast chargers for electric vehicles. It took 20 years to create, and only two years to unravel into receivership. At its peak in 2021, it launched on the NASDAQ and was worth $2 billion, now it is insolvent.
The Driven, explains just how big it was:
The company says it has sold more than 13,000 DC fast chargers in more than 40 countries. At its peak it claimed to be the biggest maker of fast chargers in the US with a 30 per cent market share (unclear if this included the Tesla network), and a 75 per cent share in Australia, and one of the top three in Europe.
When it launched in 2021, shares were selling for $2,500 each. The current price is $1.35.
Tritium Share Price. NASDAQ
Tritium is the perfect emblem for the Technocratic Planned Economy
Only one year ago the Prime Minister of Australia was raving about them, and using Tritium as the posterchild to sell […]
By Jo Nova California was the Land of Solar Panels at the top of the Magic Subsidy Tree but that boom went bust
If solar panels were actually cheap and useful, everyone could have them, they’d pay for themselves, and there would be no point where the panel-party would grind to a halt. But if they were expensive, made something useless, and their product became toxic to the grid itself the government would have to artificially subsidize them to get them onto the grid in the first place, and then pop its own bubble before the bubble popped the grid. And so that time has arrived in California and there is carnage in the market.
The Duck has quacked
In a strange coincidence the Californian government cut the payments for solar-powered-electricity by 75% last year, and sales of solar panels fell to a quarter of what they were a year ago. That’s a “to” not a “by”. One in five solar contractors has already left the market. Careers and businesses — gone.
The new price for solar-powered-electricity is probably slightly closer to the true market value, which is almost zero, or even less for holy-green electricity at noon. The Duck […]
Paul Englher | ABC News
By Jo Nova
Just how wise is it to have a grid dependent on all this fragile infrastructure?
Nature seems to be telling us something about adding another 10,000 kilometers of vulnerable transmission lines.
Yesterday six high voltage transmission lines collapsed in Victoria leaving half a million people without electricity for hours. But only a few weeks ago five towers collapsed in Western Australia putting 30,000 in the dark. And out in Kalgoorlie, when the gas backup plants failed, thousands of people went for days without power in 40 degree heat. Some people were unable to call triple zero, freezers full of food were spoilt and nearly everything left to buy had to be paid for in cash.
In Victoria the towers fell at 1:10pm during a storm. Their loss triggered the shut down of 4 large coal power units at Loy B Yang taking out 2 GW of generation. It took three hours to get one turbine back on line, and eight hours to restore the second. Everyone is talking about “the coal fired outage” but about half the wind power running at the time was also lost, and over the […]
By Jo Nova
This week the agitprop-media was full of contrived good news about electricity prices in Australia, associated suggestively, in the loosest, most meaningless way with the word “renewables”. Not one of them said that long term prices were still higher than when we started trying to force unreliable wind and solar power on the grid, and not one of them said prices would be one half of the price now if the country was lucky enough to run off brown coal.
These misleading stories were disguised adverts for renewable energy pretending to be “news”. They were on display at The Guardian, The ABC and The Sydney Morning Herald, and every other paper across Australia. Not one journalist apparently had the wit to ask the AEMO how this compared to long term prices. But all of them obediently repeated that prices this December were 48% cheaper than the December before that, as if Australians like to discuss that sort of thing across the BBQ. Were monthly average wholesale prices good for you Jim?
Australia’s wholesale power prices fall by almost half as carbon emissions drop
Wholesale power prices across Australia’s main electricity market almost halved at […]
A wind farm near Emerald, Queensland (ABC)
By Jo Nova
After all these years, finally, signs that more Greens are waking up to the awful truth
Steve Nowakowski was a Greens candidate in Cairns in 2006. He was a co-founder of Rainforest Reserves Australia, and was hired as a photographer, but he didn’t like what he saw. Two years ago he was concerned at the environmental damage of the Emerald Wind farm, now he’s filming the destruction in the hope of stopping wind farms being built in Queensland. He’s calling it lunacy, and arguing we need nuclear power.
In a big leap, he even realizes the green groups are “colluding” with the government and the money making environmental vandals in the greatest land grab of the age. Mark my words, eventually this issue will split the Greens.
First Bob Brown former Greens leader, and now footsoldiers like Nowakowski and a few other conservationists are campaigning against wind turbines — word is spreading…
John McCarthy InQueensland writes:
Former Greens eco-warrior says we should all fear wind turbines
“I have never seen such collusion in my environmental career as I do now between big business, NGO’s and state […]
By Jo Nova
In a radical move, the French government has quietly dropped their renewables targets from their draft energy bill, risking being seen as unfashionable losers in billionaire ski clubs. The nation that, forty years ago, built 56 nuclear reactors in 15 years has decided they just need to build another 6 to 14 new nuclear plants to reach “Net Zero” by 2050. This puts them in danger of being one of the only nations on Earth that might reach their target.
This, of course, is terrible for the renewables industry as it risks exposing the wanton frivolity and utterly superfluous nature of the wind and solar subsidy farms. If France can do this without the bird chopping, the slave labor and the lithium bombs, so can nearly everywhere else.
It’s a big change from 2014 when France aimed to reduce nuclear power to just 50% by 2025.
As NetZeroWatch says in their email newsletter, this is a win:
France drops renewables targets, prioritises nuclear in new energy bill
The proposed text, which is slated to go before the cabinet early next month and then be submitted to lawmakers, reaffirms France’s commitment to nuclear power to […]
By Jo Nova
The best kept secret in the world is that humans are using more coal than ever
So much for the “stranded dead asset”. In 2022 the world set a new all-time record for coal use — reaching 8.4 billion tons. In 2023, despite all the Net Zero billions in spending, despite the boom in windmills and solar panels, global demand for coal will top 8.54 billion tons.
The IEA is the “International Energy Agency” — supposedly, the impartial servant of 31 nations worth of taxpayers. Yet they decided to ignore the world record and instead tell us how coal is set to decline. It’s what they think the taxpayers need to hear. Their press release:
It’s almost as if the IEA works for the renewables industry and their banker investors? Mr Vestas himself could hardly have written a more successful headline to hide the truth and gaslight the taxpayers.
The IEA has been predicting the end of coal for years. Back in 2017 the IEA was telling us China would move away from coal, because by 2025-2030 “solar would be cheaper than coal”. Instead, China’s burning more coal than ever before and the quarterly reporting season […]
By Jo Nova
Two and a half years ago President Xi promised to “strictly control coal-fired power generation projects” in China. Before this solemn pledge the CCP had approved a blockbuster 54 gigawatts of coal fired power plants in just two years. Afterwards, to show how committed they were to Net Zero principles and international agreements, they *only* approved 131 GW. As President Xi promised — he’s “strictly in control” (of a massive increase). He’s also strictly in control of the world’s manufacturing.
After being deceived, the UN, Greenpeace, and Joe Biden promptly did nothing at all — it’s not like the future of life on Earth is at stake. And John Kerry somehow saw only “agreement” and “hope”.
When faced with this environmental catastrophe, the BBC told the world about China’s green power surge instead, and only mentioned the coal in passing as an aside. China had spawned a world record in coal plant construction, but apparently these coal plants are not so bad because many are built on renewable parks, “partly as backup for all the new wind and solar farms”. As if CO2 emissions are neutralized just by the presence of the sacred talisman of “renewables”. It’s […]
Jo Nova
It seems people only wanted renewable energy if they got cheap loans
Just as the quarterly reporting season revealed crippling losses for wind power and EV’s, so it is with Solar energy.
The general US S&P shares index gained 15% this year but The Invesco Solar ETF (Fund) which invests in solar energy stocks around the world — fell by a dire 40%. Even the US “Inflation Reduction Act” couldn’t save the solar sector. As finances tighten with rising interest rates, apparently solar panel orders are among the first to be cancelled.
Some of the worst performers in the whole US share market are solar shares, with SolarEdge and Enphase losing 70% each this year. A few weeks ago, the CEO of SolarEdge said revenues this quarter were about half of what was expected. He blamed “unexpected cancellations” from European distributors. But US demand was down too. Indeed, the bad news started in California, the largest market in the US, when the government slashed home solar “net metering” payments in April by about 75%. Suddenly, it was going to take 10 years to pay off the panels. Solar panels were a luxury item.
If only solar panels […]
ABC News
By Jo Nova
It’s just emblematic of your Clean Green Future
Complexity and false hope is eating the crown of Australia’s Net Zero transition — the Snowy 2.0 Pumped Hydro scheme. Things have gone from “debacle” to Soviet Grade Industrial Fiasco. After Florence-the-tunnel-borer got stuck and created a sinkhole, workers spent seven months trying to shore up the ground, playing God against the mountain — pumping in grout, cement and polyurethane foam. But the foam made a gas so toxic the tunnel had to be evacuated. To make things worse the workers were originally told the gas was water vapor but it turned out to be isocyanate. At every point the Snowy Hydro team hid the bad news and issued propaganda, and it’s only taken the ABC a year to tell us the workers predicted the sinkhole, and three months to investigate the safety breach.
Still, that’s better than the NSW regulator who knows all the other safety breaches but won’t even share them, because it’s so bad ” it may affect the contractor’s reputation.” (Which it surely just did anyway.)
This is your low-carbon future. It was supposed to cost $2 billion but the bill […]
They’re not much use without a lot of cabling. | Image by Norbert Pietsch from Pixabay
By Jo Nova
Thanks to Oldbrew at Tallblokes Talkshop
Who knew high voltage cables running for kilometers in a deep electrolytic moving body of water would be expensive?
The 245kV Wolfe Island Cable | Photo by Z22
Despite offshore windfarms dealing in a kind of mechanical hell of high speed salt water spray, big waves and volatile wind conditions, surprisingly 85% of the insurance claims are because the underwater cables are failing.* If the subsea cables can’t be insured, it’s another unexpected cost threatening the economics of offshore wind.
The underwater cables needed for offshore wind are apparently so costly to repair, and the losses from lack of generation so steep, they are in danger of becoming uninsurable.
Subsea cable failures pose global threat to offshore wind
Energy News Live
The race to harness offshore wind energy has hit a significant roadblock, with the reliability of subsea cables emerging as a critical concern.
Global Underwater Hub (GUH) has raised alarm bells about the escalating issue of subsea cable failures.
October 6th, 2023 | Tags: Basslink, Subsea Cables, Wind Power | Category: Global Warming, Grids, Renewable, Wind Power |  Print This Post | |
Wedge-tailed Eagle | Photo by “Fir0002/Flagstaffotos“
By Jo Nova
Greens destroying nature again
Some experts think there may be only 1,000 of these eagles left, our largest bird of prey, and yet in the last 12 years some 272 of them have been killed or injured in the vicinity of Tasmanian wind towers. That’s at least as far as the maintenance crews have noticed, and not that they were specifically looking…
So the number can only go up, and other types of birds are getting the chop too.
The Tasmanian Wedge-tailed eagle has been known to have a wingspan as large as 2.8m (9ft 3in). They mate for life, and a single nest can be 1 – 3 meters across.
Tasmanian wind rush ‘may push eagles to extinction’, says study
By Matthew Denholm, The Australian
Tasmanian wind farms and transmission lines have killed or injured 321 threatened eagles in 12 years, but the real figure is likely far higher, a new study finds.
The peer reviewed study, published in Australian Field Ornithology, uses data from wind farms, TasNetworks and eagle rescuers to identify the death or injury of 272 endangered Tasmanian wedge-tailed […]
By Jo Nova
The Year of Gloom continues for Wind Power
Wind energy is so cheap and profitable that last week, investors abandoned the annual UK auction to build industrial wind plants in the oceans around the UK. Exactly no one offered to spend money building turbines even though electricity prices are burning hot. Apparently prices for building the machinery to collect and transmit low density erratic energy are not “free” like the wind. Even after decades of advances, sacred green electrons still cost a lot more than war-afflicted-fossil-fuel electrons do.
The free market has spoken and it said “No”. At The Guardian though – it was, of course, all the Governments fault. That and the dreaded Hand Of Inflation. It’s so unfair:
‘Biggest clean energy disaster in years’: UK auction secures no offshore windfarms
Lack of interest was widely expected after government failed to heed warnings about soaring costs
Jillian Ambrose
None of the companies hoping to build big offshore windfarms in UK waters took part in the government’s annual auction, which awards contracts to generate renewable electricity for 15 years at a set price.
The companies had warned […]
By Jo Nova
We’re on the precipice of a radical experiment with a national electricity grid
The AEMO (manager of the Australian grid) has finally released the major report on problems coming in the next ten years on our national grid, and it’s worse than they thought even six months ago. They euphemistically refer to the coming “reliability gaps”. They could have said “blackouts” instead, but a gap in reliability sounds so much nicer.
Bizarrely, the lead graph of the 175 page AEMO report goes right off the scale, mysteriously peaking in the unknown and invisible real estate off the top of the chart. And they’re not projecting troubles fifty years from now. Those cropped peaks of invisible pain hit from 2027.
And even the pain we can see is apparently quite bad. Two states are already likely to breach “the interim reliability measure” in this coming summer. Ominously, just one day after releasing the report, the AEMO is calling for tenders for “reliability reserves” in South Australia and Victoria. Apparently, they want offers of industries ready to shut down who aren’t already on the list, and they want spare generation too — get this — even asking […]
By Jo Nova
Yet another reason EV’s are a lousy way to “save the world”
The point of all the subsidies, the charging sites, the $3,000 parking fines, the extra generation, interrupted journeys, pot-holes, road-wear, tyre pollution, collapsing parking lots and random fires is supposedly so that we make the weather nicer by burning less fossil fuels. But in Norway where the biggest experiment in EV’s has produced an “idyllic” mass uptake of EV’s, the fuel use has hardly changed.
Rystad Energy says that this shows we *must* electrify the buses, tractors and trucks too, but really this just shows what a waste of money all the past subsidies were.
If the “low hanging fruit” subsidies didn’t achieve much, the next round of subsidies will have to waste stupendous amounts of money. Remember this doesn’t include fuel used to power the electricity cars, nor the fuel used to mine the lithium and build the EV, or to fill in the potholes and rebuild the bridges. No one even knows if EV’s will reduce carbon dioxide. “There’s no such thing as a zero emissions vehicle”.
This is just “road fuel” we’re talking about and it’s not reducing it much:
Is […]
By Jo Nova
The current state of the Renewable Crash Test Dummy Transition
Everyone who can add up in Australia knows it can’t work, but the climate of fear stops them saying so. Last month a senior energy industry executive told the Australian Financial Review quietly that everyone believes [the 2030 target] will be missed, but nobody wants to say it. Apparently, even executives are being coerced into silence for fear of retribution. The insider referred to the “discretion” Ministers have on project approvals. It’s like a national mafia racket: “Nice business you have there — shame if you couldn’t get the permit”. So the Labor Party sets itself up to fail by silencing the people it could be listening to — as if the electricity will still be there when the turbines stop turning.
To put the size of the moonshot in perspective, even Federal Climate Change and Energy Minister Chris Bowen himself said the nation must “install 22,000 500-watt solar panels every day for eight years along with 40 seven-megawatt wind turbines every month”. In toto, we are supposed to build 44GW of “renewables” by 2030.
Instead of this frenetic pace, renewable energy investment ground to […]
Fifty years of the French Nuclear Industry
By Jo Nova
The dismal, destitution of our national energy debate
You would think our former Chief Scientist would know how to do basic research before commenting in the national news?
Alan Finkel says Australia probably couldn’t build one nuclear plant in less than twenty years, because the UAE took fifteen years. But fifty years ago the French built 56 nuclear plants in just 15 years. Isn’t that relevant and shouldn’t we at least mention that? At the time, the population of France was 51 million — twice what Australia is today. So pro rata, Australia could be aiming for 26 reactors.
If we ask nicely, perhaps we could borrow the old 1973 plans? The Messmer plan was launched in response to the oil crisis and the French started construction on three plants in the same year. The slogan they used was “In France, we do not have oil, but we have ideas.”
In Australia, our slogan it seems, is we don’t have oil, but we buy solar panels from China.
In a similar vein, two weeks ago Sweden announced it would be building 10 new nuclear reactors by 2045. With […]
Siemens Gamesa
By Jo Nova
The end of the naive era of hope in Wind Power fairies
Remember how they said wind energy would keep getting cheaper? Only a year ago academics were still writing papers about the “Moore’s Law” miraculous future of wind power. Only we appear to have already hit the point where bigger is not better. Two years ago the former head of Siemens bizarrely warned that “Wind power risks becoming too cheap” and Reuters, bizarrely, published it.
Meanwhile production costs are rising for the offshore variety too, and Siemens is scrambling to delay deliveries, so it can fix problems first…
The Washington Post, a big fan of the “Green transition”, puts in an admirable effort to make excuses for the bad luck of the wind industry — anything but admit that this failure may represent real mechanical limits to the collection of erratic, low density energy in the most hostile settings on Earth.
These machines are so fragile they cannot just sit under their own weight motionless, less they get permanent brinelling damage to the bearings. And tiny micro-oscillations can create False Brinelling.
Wind ‘Turbinegeddon’ Is a Troubling Climate Omen
by Chris […]
By Jo Nova
Don’t mention brown coal?
Last quarter I reported that the Australian Energy Market Operators (AEMO) had strangely “forgotten” to list the brown coal prices in its quarterly report, despite it being the second largest energy source in our national electricity market.
Other quarters, often they would include a graph comparing the average winning bids of all the major fuel types — a graph that surely is essential in these inflationary times where our electricity prices are setting record highs, rising by 25% this month, and we have a national debate on our energy crisis.
In the next quarterly report the AEMO did list the average “winning bids” of brown coal but didn’t do the comparison graph, so I’ve done it for them. If only they had room in their 68 page report and $450 million dollar budget so Australians can see, at a glance, which fuel source provides the cheapest wholesale generation by far, every quarter, all the time?
Despite all the inflation, the war, and the pandemic, brown coal generators are still making electricity for 3c a KWh. Shouldn’t Australians know that?
Click to enlarge (Or download the larger JPG file)
Compare that to […]
By Jo Nova
Hail destroyed most of the three year old Scottsbluff community solar project in Nebraska this week. Solar energy might be free but collecting it requires vast acreages of fragile and expensive infrastructure.
Imagine if a three year old coal plant was “destroyed by hail?”
Scottscliffe was a 5.2MW plant with 14,000 panels that started operating in the Spring of 2020. In theory it was going to reduce the “carbon footprint and stabilize city costs for the next 25 years”. Instead it will increase the toxic metal in landfill.
There were tornadoes in the area at the time, but there doesn’t appear to be damage to the fences, trees or poles surrounding the plant.
About a quarter of the panels may have survived, or at least don’t have damage visible from 100 meters away…
We hope they had insurance.
Baseball-sized hail took out a 5.2-megawatt solar farm in Scottsbluff, Nebraska, on Friday
Kevin Killough, Cowboy State Daily
[Don Day, Cowboy State Daily meteorologist] said that the region around southeast Wyoming has some of the highest frequencies of hailstorms in the country. “It’s ground zero,” Day said.
The average […]
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