Effervescent claims that offshore wind power is cheap have fallen flat.
When the rising capital cost of taking wind turbines offshore is accounted for, the power that they occasionally generate turns out to be the most expensive electricity of all, and by a very substantial margin.
A couple of years back in the UK, rent seekers’ claims about the falling cost of offshore wind power were lapped up by mainstream journalists and regurgitated ad nauseam.
Not all were convinced.
Indeed, the team at the Global Warming Policy Forum were sceptical from the outset. Now, having run the hard numbers, Gordon Hughes, Capell Aris, and John Constable are able to claim vindication. The true cost of offshore wind power is gobsmacking.