<https://community.oilprice.com/topic/24470-europeans-and-americans-are-beginning-to-see-the-results-of-depending-on-renewables/#comment-164505>
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"That tiny marketing piece says specifically offshore sector, which is give or take half of orsted annual revenue, and indeed the number of 12TWh a year coincides with the small little marketing piece. ¿how many offshore oil platforms orsted has?  Anyway heres the beatrice wind farm annual financial statements for 2020   It had a revenue of £38/MWh trough electricity sales and £118/MWh through subsidies, which gives us 213USD/MWh, without the effects on the redundant infrastructure to balance intermittency, butt wait, theres more  Beatrice wind farm had a CAPEX of £2.2 billion for 588MW with factor of 45%, which in dollars makes that around an effective 6688USD/KW and will last anywhere from 20 to 30 years, without incluiding a decline in factor due to wear and tear  BEIS estimate of capital cost was £1.6 million/MW 72% of the final estimate  On the other hand the VVER-TOI reactors at construction at Kursk will be built for a similar price as those ones in Civaux France, 1400USD/KW, and will last anywhere from 60 to 120 years, so for the same cost per GW of Beatrice you can build *14* VVER-TOI reactors from Russia. They already builtNovovoronezh-II in 1900USD/KW.  \n\tThats what you get when you eliminate all the parasitic bureaucrats activists and middle mans and get things done as they should.\n "
<https://community.oilprice.com/topic/24470-europeans-and-americans-are-beginning-to-see-the-results-of-depending-on-renewables/?tab=comments#comment-164506>