A costing model based on 2022 data from the US EIA Energy information administration results in the following abbreviated table. For a current comparison the 40 year variable costs including fuel costs element is multiplied 4 fold.
Cost comparisons for the European fleet of Weather-Dependent “Renewables”
Using the above cost comparison data, the following tables give an indication of the costs and excess costs over the use of Gas-firing of the 2021 fleet of European Weather-Dependent “Renewables”. The ~380GW generation fleet supplies ~70GW power to the European Grid.
And in more detail according to the installation of each “Renewable” generation technology.
This is summarised for Europe (27)+UK as excess costs over using Gas-firing in Europe in place of all “Renewables” below.
This summary implies the following:
- EU(27)+UK have installed ~ 400GW of Weather-Dependent “Renewables” at
- a capital cost of ~ 0.7 $ € trillion
- an estimated long-term 40 year cost of ~1.8 $ € trillion
- at their productivity ~20% those ~400GW of “Renewables” installations contributed ~70GW to the grid
- overall EU(27)+UK generates at a rate ~<400GW per year, so Weather-Dependent “Renewables” contributed ~17% of the power to the European grid
- even at inflated gas prices, (x4 USA), EU(27)+UK those Weather-Dependent “Renewables” providing ~17% of the power to the European Grid cost:
- ~0.6 $ € trillion more in capital expenditure than using Gas-fired generators
- an estimated ~1.4 $ € trillion more in long-term expenditures than using Gas-fired generators
- a commitment to non CO2 emitting Nuclear power rather than Weather-Dependent “Renewables”would also have been about 30% cheaper in capital costs and about half the costs long-term
- the capital cost of ~ 0.7 $ € trillion could have been used to instal ~600GW of Gas-fired, substantially more than total EU(27)+UK power demand
- the transition in the USA from Coal-firing to Gas-firing in the USA has reduced CO2 emissions by about 30% in the last 20 years.
- as Weather-Dependent “Renewables”require substantial CO2 output for their manufacture, installation and maintenance, the outcome of not mandating Weather-Dependent “Renewables” could well have been an overall CO2 emissions equivalent or even a reduction with very substantial cost savings.
These sums show the scale of the fiscal damage that has been achieved by Green movements in Europe in banning Fracking over the past decade.
Those actions have been to the clear commercial advantage of Russia in previously supporting Russian Gas supplies to Europe but that dependency now enables energy blackmail by Russia as it pursues its aggression against the Western world via the Ukraine.