Offshore Wind at £57.50/MWh - Wind Power Companies and Bodies Lie to: Investors; Politicians; The Media; Environmentalists; The Public.

Offshore Wind at £57.50/MWh - Wind Power Companies and Bodies Lie to: Investors; Politicians; The Media; Environmentalists; The Public. 

11 September 2017 - What a day for Offshore Wind

·         BBC News 24: Professor Grub - "...the energy revolution really did happen and this is the moment we knew it was working..."

·         'the guardian' Headline: Nuclear plans 'should be rethought after fall in offshore windfarm costs'

·         Caroline Lucas, Green Party Co-Leader: "...This massive price drop for offshore wind is a huge boost for the renewables industry and should be the nail in the coffin for new nuclear........Put simply, this news should be the death knell for Hinkley..."

·         Hugh McNeil, 'renewableUK' CEO: "...Both onshore and offshore wind are cheaper than gas and nuclear..."

Moray East Offshore Windfarm: Intermittent Electricity at a CfD price of £57.50/MWh for 15 years.

MEOW

950,000 UK Homes [Surely that means in the 1^st Year]  
[at 3,300 kWh p.a. each, that works out at a Capacity Factor of 36.67%]

But don't tell anyone:

"..The combined average of these measures is...... −1.6 ± 0.2% annual degradation.."

Section 7. Conclusion

At the end of the 25 year lifespan of the windfarm, it's:
645,069 UK Homes 
[at 3,300 kWh p.a. each, that works out at a Capacity Factor of 25.58%]

On Average, over 25 years, that's:
788,131 UK Homes
[at 3,300 kWh p.a. each, that works out at a Capacity Factor of 31.25]

A 20% OVER-REPRESENTATION OF 
THE TRUTH 

And one might ask: Are the investors made aware that:
Income 1st Year: £180,262,500
Income 25th Year: £92,337,689

THEIR ANUUAL INCOME WILL DECLINE BY 49% BY THE END OF THE LIFESPAN !!!