Thursday, March 26, 2009

Green energy is not such a breeze

One by one, the energy giants that hoisted green flags and trumpeted their conversion to renewables are ducking and diving and hiding behind the curtains.
Iberdrola, a big investor in wind farms in Spain and the owner of ScottishPower, is slashing its spending on renewables by 40 per cent. Shell said recently it would no longer invest in wind turbines, preferring to focus its efforts on new biofuel technology, while BP has opted out of the UK renewables market, deeming it to be a poor bet.
It is tempting to see the great push for renewable energy in Europe as a fair-weather phenomenon. The performance of Britain's turbines is a case in point - for much of January they were operating at about 10 per cent of capacity.


Sailors use to wait for a breeze to come by and take them home..wind Power was not that efficient.

No comments: