THE environmental lobby have a fixation with renewable energy and throw money at it.
Pelamis Wave Power has gone into receivership, and in another blow to the renewables lobby Siemens is to abandon its ocean power generation business Marine Current Turbines.
Pelamis received £15 million of funding from the Scottish Government, Scottish Enterprise has given £12.9m and there was also £2.47m from the government’s Marine Renewables Commercialisation Fund.
A total of £30m which has left taxpayers “all at sea”.
This is not the first time, nor will it be the last time, renewables energy companies have gone into liquidation, leaving taxpayers out of pocket. The turbine companies Vestas and Provan are just two examples.
The subsidies for electricity produced by marine energy are six times that of onshore wind turbines and just do not ask how many more times more expensive onshore wind is than coal, gas or nuclear.
I hear the cry “CO2 emissions”. The rest of the world is not listening and, hush hush, even Germany is building “dirty” coal-fired power plants.
Clark Cross, Linlithgow