Denmark wind subsidies push price of electricity to 300% of US prices

Larry Bell writes in Forbes:

German households now pay the second highest power costs in Europe, as much as 30% more than other Europeans. Only the Danes pay more, and both countries pay roughly 300% more for residential electricity than we Americans do. Slightly more than 12% of Germany’s electricity now comes from wind (7.8%) and solar (4.5%). Biomass provides 7%, and hydro 4%. Since the government plans to increase that renewables proportion to 35% by 2020, and to 80% by 2050, most of that must come from wind and solar because biomass and hydro won’t grow.

Yet despite huge investments, German wind has produced only about one-fifth of its installed capacity. Ironically, since shutting down some of their older nuclear plants in response to the nuclear accident in Japan, they now have to import nuclear power from France and the Czech Republic.

http://www.forbes.com/sites/larrybell/2013/10/08/will-cooling-temperature-and-economic-climates-finally-take-the-wind-out-of-failed-energy-policies/