Even the “cheap renewables” meme is a fraud. They never even factor in the cost of providing backup when their contraptions don’t work. Its crushing every economic calculus. The legacy energy system in developed economies still provides a mighty subsidy to those installations as they provide the backup free of charge. But that hits the limits now as there is not enough anymore. Its one thing to balance out 5% renewables, it’s quite a different thing to do that for 50%. Bill is a no-nonsense can-do man. That’s how he built a corporate empire paying out billions in salary in his life. That’s results – that’s value you can touch – renewable operators destroy value.
When the world’s richest entrepreneur says wind and solar will never work, it’s probably time to listen.