The true prices of offshore wind energy

To the editor:
Avi Salzmann was proper to warn concerning the escalating prices of wind energy, however his warnings had been too delicate (“Hassle within the Wind,” Cowl Story, July 21). Salzmann famous that most of the main offshore wind corporations are European. Some European business consultants might have requested their ideas.

One such business knowledgeable, Kapil Aris, not too long ago wrote an article for London’s Day by day Telegraph titled “Britain’s inexperienced vitality catastrophe ought to be dire warning to People”. He relied on expertise moderately than hypothetical far-reaching plans, and his numbers are far much less optimistic than Salzmann’s.

He writes, “Further providers resembling responsive gasoline turbines, required with a purpose to allow renewables to be linked to the grid, add … to the price of renewables. Thus, the true value to the client of offshore wind turbines is definitely ($255 to $280 per MW/ hour), “effectively above Salzmann’s $100/MWh estimate that he argues would consequence from a development of falling prices.

Maybe this explains the cancellation of wind contracts by these European corporations?

Dan Monson
avenue. Paul, Minnesota.

To the editor:
Every watt of offshore wind energy would require backup by a unique energy supply. In different phrases, capability should be constructed twice. Price information want an account for backup. The worth-payers are in shock.

David Peters

On Enterprise Capital and India

To the editor:
As a former Brit, I beloved the reference to cricket in his Up & Down Wall Road column, however I am skeptical of the hard-to-get tech corporations (“Enterprise Capital’s Funk Bodes Poorly for Non-public Firm Valuations”) and Apple’s alternative in India (“This nation could possibly be a chance.” Subsequent Large Apple,” July 21).

Prior to now three years, Alphabet, Meta Platforms, Apple and Microsoft have acquired 83 corporations. Hardly a useless M&A market. In India, Apple will discover it tough to generate income progress. Samsung and 4 well-established Chinese language smartphone corporations already account for 70% of the market. Apple is in seventh place.

David North

To the editor:
The enterprise capital article written by Eric J. Savitz is well-written and informative, revealing a considerably hidden weak point within the economy–a weak point that would hemorrhage tech jobs and dampen a number of the pleasure round tech shares.

HP Gates


Restricted workforce

To the editor:
This text began off completely once I talked about the outbreak of the most recent scorching new stuff, Peloton and Past Meat (“American Manufacturing’s Revival – and seven Shares to Play the Pattern,” Streetwise, July 21). However then it ignored the best barrier to resettlement or perhaps a revival of producing in america: our restricted workforce.

Within the final twenty years, we have despatched tens of hundreds of thousands of jobs overseas and created tens of hundreds of thousands overseas that by no means existed in america, however we solely have about 5 million unemployed employees in america and no employees to deal with the demand. Our corporations are rising a lot sooner than our inhabitants. Add child boomer retirements and decrease immigration charges, and we will not deal with resettlement. Why do you suppose the Fed is making an attempt to gradual the financial system? Its actual goal is the slim job market. Shifting nearer to the rests or relocating to friendlier websites is a greater choice.

Jeremy Blum
Cary, North Carolina

Take heed

To the editor:
“The Fed can finish the inventory market rally any time it desires” (Dealer, July 21) reminding readers that darkish days might lie forward and they need to take warning and slam the doorways. I purchase Treasuries and luxuriate in a stable 5% yield.

J Wallace

Distribution dialogue

To the editor:
One doesn’t need to look far for examples of company boards slicing their dividends quickly after their CEOs stress the significance of preserving them (“Are AT&T and Verizon Dividends Protected? What the Math Says,” Revenue Investing, July 19). Buyers beware. It’s best to not interpret the speak of sustaining dividends as truly sustaining present yield. You need to be taught in enterprise faculties that rising inventory costs and dividend yield are inversely associated. The ascent of the previous is proscribed if the latter is just too excessive. Though more cash is freed up when dividends are minimize drastically, it usually signifies a insecurity that the additional cash won’t be spent correctly. The acquainted consequence: a decrease payout coupled with a decrease share worth.

Thomas D. Finnegan
Mount Vernon, Virginia.

Purchase, preserve, and harvest

To the editor:
The Arthur J. Gallagher Firm is a superb firm that few individuals have ever heard of (“Barron Inventory Choose: This Insurance coverage Dealer Inventory Ain’t Boring,” July 21). Its annual report of high earnings, earnings, and share worth is what buyers’ desires are fabricated from. Its share worth appears a bit of wealthy financially, but it surely’s the one you seize maintain of, purchase it, and put it away to Ceaselessly, and you will get the reward.

Gerald Schall

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