Offshore wind power is becoming prohibitively expensive without govt subsidies and tax credits. An artcle posted by GCaptain regarding CEO of Nextera (NEE) comments a while back gives credence to his interview.and future investments well before Orsteds reporting of their rather huge loss.

In another vid he worked out that if each supplier earned 10% profit the electricity price in Greece would drop 30%

Surprised to see you take a “libertarian Marxist” (as he describe himself) to your heart. Is it because he is (or was?) a fellow Aussie? He has an impressive life story and CV, with a reputation as a rabble-rouser, participating in any protest movement he could find.

It is not only Ørsted that has problems with their US OWF projects under the present regulatory system: [image] Equinor, BP seek 54% hike in US offshore wind power price, filings show Norway's Equinor and its partner BP are seeking a 54% increase for the price of power produced at three …

I dont agree with him on everything but when he was finance minister he found out how crooked the EU was and continues to find out. No connection to Australia as far as I know

[image] ombugge: I don’t understand where electricity and heating as a CO2 source come from. (??) All electricity used on mainland Norway is renewable (Hydro, onshore wind) and the heating is mostly by electricity, wood burning and waste heat from incinerators (no coal, but a few oil burning ce…

Do tell, politics are involved in all this mess? I beg to not differ.

[image] powerabout: I dont agree with him on everything Apparently you are not alone: [image] Former Greek Finance Minister Varoufakis attacked in central Athens Varoufakis, leader of DiEM25 party, blamed the assault on ‘thugs.’ So you pick and choose …

If the US market should prove to be too difficult to operate in there are opportunities in other parts of the world for both Ørsted, Equinor, BP and the other foreign companies that partner with American operators to bring Offshore Wind Power to the US consumers. Here is a list of the opportunities…

[image] ombugge: So you pick and choose what which part of his rather large collection of videos you think fit your point of view in the discussion of the day? I’m surprised!!! that was just some facts as presented by someone that investigated the issue.

[image] ombugge: He lived and worked in Sydney for many year and hold (held?) both Australian and Greek passports Check out his grandparents and maybe what brand toothpaste he uses as well, that could be relevant in your view as well, what are you smoking?

GCaptains article by Bloomsberg regarding Orsteds large losses

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GCaptains article by Bloomsberg regarding Orsteds large losses

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