Is wind an efficient way to produce electricity? Would we be producing wind turbines if there were 0 subsidies?
Offshore wind in the UK currently uses the "Contracts for Difference" payment mechanism. Operators bid to build turbines, and the best value operators get assigned areas of the sea. Then, they receive a fixed price from consumers for any electricity they generate (effectively, but there's market mechanisms in there that complicate the accounting). Initially, this was much more expensive than fossil electricity, but t…
While not nearly efficient as using the electricity directly, it's more efficient than throwing it away.
Also the offshore farms sit in a pool of the raw material ( water ).