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 […]