Burning Yen: Japanese Government Scraps Last Wind Turbines in Failed $580 Million Offshore Project

If one just piled those 580 million upon a heap, doused it in gasoline, and threw a match on it, it would have been not so bad. The tragedy here is that we are still being sold wind and solar as the cheapest energy on the planet when in fact, it’s hard to make things more expensive. It’s harder today to get those things built onshore as people rightfully object. So one goes offshore as you cant object to what you cant see. But everything is harder offshore – which means more expensive. Simple issues such as saltwater erosion become nightmares. Any sailor would have told them. We stand before triple-digit billions going up in smoke. Not a nice prospect when the economy has been COVID-crushed.

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