{"id":1507504,"date":"2024-12-12T09:15:00","date_gmt":"2024-12-12T14:15:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1507504"},"modified":"2024-12-12T09:15:00","modified_gmt":"2024-12-12T14:15:00","slug":"wind-power-has-hit-its-limits-in-europe","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/wind-power-has-hit-its-limits-in-europe\/1507504\/","title":{"rendered":"Wind Power Has Hit Its Limits In Europe"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Wind Power Has Hit Its Limits In Europe<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Europe is starting to reach its limit when it comes to wind power.<\/p>\n<p>Countries like Denmark and Sweden, once leaders in expanding offshore wind capacity, are now hitting obstacles as power prices and incentives fall too low to support new projects, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-10\/europe-is-reaching-a-limit-to-its-wind-power-expansion?sref=6uww027M\">Bloomberg<\/a>.<\/p>\n<p>A recent Danish auction for offshore wind saw no bids, highlighting the issue. This slowdown in wind development risks prolonging reliance on fossil fuels, as rising costs challenge the sector&#8217;s earlier success in driving down prices.<\/p>\n<p>Denmark, which generated a world-leading 58% of its electricity from wind last year, saw no bids in its largest-ever offshore wind tender. Companies like state-owned \u00d8rsted A\/S cited unattractive investment conditions, with low electricity prices driven by an oversupply of wind power.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/Screenshot%202024-12-11%20at%202.05.27%E2%80%AFPM.jpg?itok=lIY2yrU2\"><\/a><\/p>\n<p>The <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-10\/europe-is-reaching-a-limit-to-its-wind-power-expansion?sref=6uww027M\">Bloomberg report <\/a>says that\u00a0Sweden faces similar challenges, as years of rapid wind expansion have depressed returns, discouraging new projects. Delays and cancellations of green industrial projects in the north further cloud future demand.<\/p>\n<p>The UK\u2019s goal to phase out fossil fuels by 2030 will require a major shift in power consumption to align with renewable energy&#8217;s fluctuating supply, says the grid operator. Currently, record amounts of wind power are wasted due to grid limitations.<\/p>\n<p>Unlike coal and gas plants, wind farms operate whenever conditions allow, often resulting in excess supply and even negative power prices.<\/p>\n<p>While solar faces similar issues, falling panel costs have lessened the impact. The wind sector, however, is grappling with rising costs for materials like steel and labor. Encouraging consumers to adjust demand\u2014especially with electrification of transport, heating, and industry\u2014could stabilize prices and drive investment in clean energy.<\/p>\n<p>Brian Vad Mathiesen, a professor at Aalborg University in Denmark, commented:\u00a0<strong>\u201cWe cannot have an electricity system that\u2019s based solely on wind and solar. There are stark technical and economic limits to how much we can integrate into the grid.\u201d<\/strong><\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Thu, 12\/12\/2024 &#8211; 04:15<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/markets\/wind-power-has-hit-its-limits-europe\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/markets\/wind-power-has-hit-its-limits-europe<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wind Power Has Hit Its Limits In Europe Europe is starting to reach its limit when it comes to wind power. Countries like Denmark and&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1507505,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1507504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6kaA","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/12\/Screenshot202024-12-1120at202.05.27E280AFPM-l5mR9G.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1507504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1507504"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1507504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1507505"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1507504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1507504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1507504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}