Wind energy is just a waste of our money

WHAT a windfall for the owners of Airtricity?

Of course the €2 billion price tag was largely based on Government regulations requiring the ESB to enter long-term contracts to buy the output from windfarms.

In the ESB’s 2006 annual report, the chairman states that “these contracts are worth €2.5 billion in today’s money and most of these schemes would not get off the ground without these contracts”.