Europe’s Green Energy Plans Stall As Leading Companies Reduce Expansion Plans
By P Gosselin | No Tricks Zone | July 3, 2024
Europe’s leading green energy producer, Statkraft, is drastically scaling back its plans for new wind and solar power plants – due to falling electricity prices and rising costs, so reports Germany’s online Blackout News, a leading site for independent German energy news.
According to company CEO, Birgitte Vartdal, market conditions have become more difficult as the company’s ambitious targets for wind energy and solar power are now being called into question.
The new Statkraft target is two to two and a half GW instead of an originally planned 4 gigawatts annually.
“In the offshore wind energy sector, the Group is now planning a total output of six to eight GW. The original target was ten GW,” Blackout News adds.
The scaleback follows other European countries’ plans to reduce expansion, including Danish energy company Orsted, which “has lowered its targets by more than ten GW” and has also “canceled two offshore wind projects in the USA and reported impairments amounting to 28.4 billion Danish kroner (approx. 3.8 billion euros).”
Portugal’s largest energy supplier, Energias de Portugal (EDP), has also reduced its investment plans – due to the “deterioration in market conditions.” Moreover, French energy supplier Engie earlier had postponed developing hydrogen projects.
Leading officials blame projects having become “much more challenging” and offering “no relative returns.”
As a result, solar and wind equipment manufacturers have seen their values plummeting and ESG equity funds have “recently suffered outflows of 38 billion dollars,” reports Blackout News.
Blackout News is operated by an independent and non-partisan small group of engineers with experience in energy management.
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The lies about the 1967 war are still more powerful than the truth
By Alan Hart | June 4, 2012
In retrospect it can be seen that the 1967 war, the Six Days War, was the turning point in the relationship between the Zionist state of Israel and the Jews of the world (the majority of Jews who prefer to live not in Israel but as citizens of many other nations). Until the 1967 war, and with the exception of a minority of who were politically active, most non-Israeli Jews did not have – how can I put it? – a great empathy with Zionism’s child. Israel was there and, in the sub-consciousness, a refuge of last resort; but the Jewish nationalism it represented had not generated the overtly enthusiastic support of the Jews of the world. The Jews of Israel were in their chosen place and the Jews of the world were in their chosen places. There was not, so to speak, a great feeling of togetherness. At a point David Ben-Gurion, Israel’s founding father and first prime minister, was so disillusioned by the indifference of world Jewry that he went public with his criticism – not enough Jews were coming to live in Israel.
So how and why did the 1967 war transform the relationship between the Jews of the world and Israel? … continue
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