German public broadcasting Deutsche Welle (DW) here reports how Mexico has decided to end its transition the renewable energies, angering activists and investors.
The move, DW reports, “is scaring off environmentalists and investors” and could be the “death knell for renewable energies.”
Apparently President Andrés Manuel López Obrador had traveled to Oaxaca and saw how the local hills were blighted by wind turbines, commenting: “These windmills are spoiling the landscape” and “produce very little energy.”
Wind energy is notorious for its inefficiency, unreliable supply, high costs, blight to the environment and health hazards. Moreover, the business has been taken over by crony capitalists out to make a killing on the massively subsidized projects. In fact, as Michael Moore’s latest film shows, green energies aren’t really green at all.
The move by the Mexican government has angered green energy activists and investors. Another reason cited by the Mexican government is “grid instability”.
The reform will have some impact on German investors, DW reports. For example: the Potsdam-based company Notus, who since 2014 has been planning five solar and wind power plants. Now their future remains uncertain.
“The new directive could be the death knell for renewable energies,” DW reports. “Protest letters from the Canadian and European Union embassies refer to 44 ongoing projects worth USD 6.8 billion.” Another problem is Mexico’s power grid is not designed to handle the massively fluctuating power fed in by wind and sun.
Though DW suggests that the return to fossil fuels is going to mean higher costs for Mexican consumers, most results from around the world suggest the opposite is the case. Germany, for example has committed a whopping 1 trillion dollars to green energies since 2000, yet today the country has among the world’s most expensive electricity prices for consumers. Annually tens of thousands of households see their power cut off because they can no longer afford to pay the power bills.
Mexico is wise to move to a source of energy that is plentiful, affordable, stable and one that doesn’t destroy the environment on a massive scale.