February 9th, 2009
Ohmygawd, energy surplus!
Look out, folks, we are now going to have to comprehend TOO MUCH ENERGY. Spain’s wind farms were confident that they’d have a good year in 2009. More turbines are to be erected, giving them a slightly larger share of the Euro-energy market.
But now Spain’s wind farms are going to be hit with winds up to 80 MPH, and that will generate far more electricity than projected. That in turn will lower electricity prices. Incidentally the storm will test the metal of the turbines. One British paper appropriately calls the windy weather a “windfall” for energy companies.
A newsman since 1969, Harry Fuller has worked for CBS, ABC, CNBC Europe, CNET and was founding news director at TechTV. See his full profile and disclosure of his industry affiliations.
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