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Author Topic: Offshore wind power vast boondoggle that New York can no longer afford  (Read 87 times)

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Offline Marlin

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   This is not specifically nuke but in context of the future of clean cheap power wind is not living up to it's original billing. I guess we are still waiting to see if future nuclear can.

Offshore wind power vast boondoggle that New York can no longer afford

   "At the start, in 2016, the local utility paid $245 per megawatt-hour for the project’s electricity, with a guaranteed increase of 3.5 percent each year. In 2035, the last year of the contract, the price will be an eye-popping $470 per MWh. By contrast, the average price of wholesale electricity in New England last year was about $31/MWh. In New York, average prices ranged between $22 per MWh upstate to $51 per MWh in Gotham."

   "Yet these prices, which are already high, are understated — because offshore wind projects have two dirty secrets. First, a detailed analysis of similar European projects has shown that their output decreases by an average of 4.5 percent a year (almost half after 10 years), with newer, larger turbines tending to suffer the most failures. Operation and maintenance costs also have proved to be much higher than anticipated."


https://nypost.com/2020/07/30/offshore-wind-power-vast-boondoggle-that-ny-can-no-longer-afford/amp/?amp=1

 


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