Giant windfarm off Norfolk coast halted due to spiralling costs
www.theguardian.com
Swedish energy giant Vattenfall says costs have climbed 40% due to rise in global gas prices

https://www.theguardian.com/business/2023/jul/20/giant-windfarm-norfolk-coast-halted-spiralling-costs-vatttenfall

Uh oh ! renewables keep getting cancelled over hikes in fossil fuel costs

Also https://www.bloomberg.com/news/articles/2023-11-08/first-us-small-nuclear-project-canceled-after-costs-climb-53

Nuclear cancelled from costs increasing

  • FuckyWucky [none/use name]
    ·
    8 months ago

    this is the problem with private sector under capitalism. if something isn't immediately profitable to capitalists then they cancel it even if it benefits society as a whole. Even state owned enterprises are forced to 'make profit' even if its at detriment to other sectors.

  • eleitl@lemmy.mlM
    ·
    8 months ago

    Small scale solar with battery storage is about 5 kEUR for a small home. But generator backup for those 15-20% of time not covered is about 1 EUR/kWh. Grid as backup is still cheaper, where available.