Bad news for wind farm investors - poor winds in the past month see wind farms make losses
The weather for the past 30 days was characterized by quite a lot of high pressure activity, dry weather and low winds. Total output for wind farms in the Republic of Ireland for this period was 280,329 MWhrs. Data from SEM-O for the year 2013/14 shows that wind farms earned € 83 per MWhr and had costs (including depreciation) of € 24.9 million per month.
This means when one does the maths, wind farms suffered a loss of € 1.6 million over the past 30 days. Bad news for investors and the green energy revolution.
With a couple more months like this, we could be seeing, as Colm McCarthy once predicted, a NAMA for windfarms.
SEM COMMITTEE Generator Financial Performance in the Single Electricity Market (SEM) 19th December 2014
Eirgrid Smart Grid website