Denmark Goes Full Miliband

By Paul Homewood

h/t idau

It seems Ed Miliband has some competition as to who is the biggest idiot amongst European green numpties:

Reuters report:

Denmark will launch offshore wind tenders with a capacity of three gigawatt (GW), enough to power three million homes, its energy ministry said on Monday, offering subsidies to developers of up to 55.2 billion Danish crowns ($8.32 billion).

The three tenders will open in the autumn this year and cover two areas in the Danish North Sea and one in the waters separating Denmark from Sweden.

The offshore wind industry has grappled with skyrocketing costs, higher interest rates and supply chain bottlenecks, prompting governments to halt or postpone tenders due to a lack of interest from bidders.

"We need more secure green power and energy to make Denmark and Europe independent of energy from Russia," Energy Minister Lars Aagaard said in a statement.

Denmark in January announced it would halt all ongoing offshore wind tenders to revamp its model, saying that a framework where no subsidies were offered did not work under existing market conditions.

A month earlier, the Nordic country had failed to attract any bids in its biggest offshore wind tender yet, with analysts pointing to a rigid auction model and a failure to adapt to a changed economic reality for renewable energy projects.

https://www.msn.com/en-gb/money/other/denmark-plans-offshore-wind-tender-with-up-to-8-3-billion-subsidy/ar-AA1F4gis

Just as in Britain. nobody can afford to build offshore wind farms in Denmark unless they are guaranteed obscene subsidies.

So rather than opting for affordable energy, Denmark’s own Mad Miliband has decided just to make the subsidies even more obscene, and offered the equivalent of £6 billion over 20 years to power just 3 million homes.

I wonder whether he has told those lucky 3 million that their bill for his largesse amounts to £2000 each?

Probably not, because it is not his money, is it?

With a government like this, it is hardly a wonder that Denmark pays some of the highest electricity prices in Europe!