Europe’s largest onshore wind farm is facing bancruptcy and has filed for reconstruction with Swedish court.

From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

h/t Joe Public

More bad news for the wind industry:.

Europe's largest onshore wind farm is facing bancruptcy and has filed for reconstruction with Swedish court.

Markbygden ETT, the first phase of the Markbygden 1101 project, is facing difficulties after signing a baseload PPA with Norwegian Hydro Energi. pic.twitter.com/Aj0kIT9hjJ

— Simon Wakter (@simonwakter) November 12, 2023

What is different about this one is that the PPA forces the wind farm to buy power on the spot market, when the wind does not provide enough:

In other words, the wind farm is obliged to pay the costs of its own intermittency. And, of course, when wind power is low, spot market prices rise.

This highlights the worthlessness of wind power, as when there is plenty of wind, the value of the product is low.

In this country it is energy consumers who have to pay the costs of intermittency, something which needs changing.