Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Guarded Optimism from a Pessimist | 32 comments (32 topical, 0 editorial, 0 hidden)
Cost increases (4.00 / 3)
in the wind sector have come from a combination of factors:

  • very real increases in the cost of inputs (steel, cement);

  • a relative scarcity in the market, caused by a combination of (i) lowish investments by manufacturers stung by the previous boom a couple years ago that ended in tears when the US Congress failed to renew the PTC and destroyed the market - twice - leaving manufacturers first with over capacity for a year, then with painful pression to deliver quickly the next and (ii) massive long term orders by financial investors who are effectively hoarding production capacity and then allocating to their own projects or passing it on to other projects (often by buying them out, using their access to turbines)

  • high liquidity in the markets, which allows investors to borrow a lot, pay more for projects, and bid up the price for turbines when necessary.


In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Fri Jul 13th, 2007 at 10:33:46 AM EST
[ Parent ]

Others have rated this comment as follows:

MillMan 4
Gringo 4
metavision 4

Guarded Optimism from a Pessimist | 32 comments (32 topical, 0 editorial, 0 hidden)
Display:

Top Diaries

Energy (and Other) Events Monthly - December 2023

by gmoke - Nov 28

Clean Energy Wire's Fact Sheet on Upcoming Dutch Election

by gmoke - Nov 12
7 comments

Recent Diaries

Mark Rutte: Using the Nation to Become Secretary General

by Oui - Dec 2

December 2023

by Oui - Dec 1
8 comments

Netanyahu Tells Biden Fu*k Off

by Oui - Dec 1

Keeping Up with COP28

by gmoke - Nov 30
2 comments

A Sort-a Truce Extended 24 Hours

by Oui - Nov 30
12 comments

Energy (and Other) Events Monthly - December 2023

by gmoke - Nov 28

NeXiT the Trump Era of Dutch PM Wilders

by Oui - Nov 28
37 comments

Erasure of Palestinians the Zionist Dream

by Oui - Nov 27
8 comments

21st Century Pax Americana and Violence

by Oui - Nov 25
11 comments

Dublin Far Right Riots After Knife Attack

by Oui - Nov 24

Clean Break From Peace to War

by Oui - Nov 22
1 comment

Woodrow Wilson's Collapse and the Peace Movement

by Oui - Nov 22

A Children's Sing-Along Annihilate Everyone In Gaza

by Oui - Nov 21
19 comments

Xi - Joe Launch a New Communication Probe

by Oui - Nov 16
15 comments

The Israeli War Hoax of 40 Beheaded Babies

by Oui - Nov 15
4 comments

If Palestinians Are 'Animals'? What Are the Israelis?

by Oui - Nov 13
19 comments

Gaza Atrocities and the UN Fail

by Oui - Nov 12
24 comments

Clean Energy Wire's Fact Sheet on Upcoming Dutch Election

by gmoke - Nov 12
7 comments

Broadening the War to Lebanon and Syria-Iraq

by Oui - Nov 11
14 comments

Dishonest Hope and Trust In a Two-State Option

by Oui - Nov 10

More Diaries...

Occasional Series