The world’s wind turbine makers are bleeding cash; none of them are capable of turning a profit and all of them are facing financial ruin. General Electric’s renewables business blew a cool $2.2bn of shareholder value in 2022. Siemens Gamesa has axed hundreds of jobs in Europe and America. Vestas, Nordex and Enercon are also … Continue reading Crash Test Dummies: Wind Turbine Maker Siemens Suffers Massive Share Price Slump
Category: Economics
No Deal: Aussie Farmers Reject Massive Wind & Solar Transmission Grid Rollout
The wind cultist is always ready to spear hundreds of giant 240m (787ft) industrial wind turbines into your backyard, but howls bloody outrage should the ‘favour’ look like being returned. Destroying your patch of paradise is a sacrifice that he is always willing to make. Characters like former Greens leader, Bob Brown and rent-seeking renewables lobbyist, Oliver Yates. … Continue reading No Deal: Aussie Farmers Reject Massive Wind & Solar Transmission Grid Rollout
Subsidised Wind & Solar Delivering Crushing Power Prices For Energy-Starved Californians
Looking for insight into the wind and solar ‘transition’? Then start with California - where power prices are crushing the poorest households, and blackouts and routine power rationing are now an accepted part of their attempt to run on heavily subsidised and chaotically intermittent wind and solar. Power prices, already the highest in the USA, … Continue reading Subsidised Wind & Solar Delivering Crushing Power Prices For Energy-Starved Californians
Grand Energy Deception: Unpacking The Worldwide $5 Trillion Renewable Energy Scam
The heralded wind and solar ‘transition’ has already revealed itself as among the greatest deceptions ever pulled. Harry Houdini would have been impressed with the wind and sun cult’s ability to turn night into day and twist logic and reason beyond even the most delusional imagination. As Nick Giambruno details in this punchy little essay, … Continue reading Grand Energy Deception: Unpacking The Worldwide $5 Trillion Renewable Energy Scam
Man Without A Plan: Joe Biden’s Energy Policy is Utterly Incoherent and Totally Destructive
America’s energy policy has been captured by the same class of ideologues and rent seekers, that have destroyed reliable and affordable power supplies in Europe, Australia and elsewhere. So, it’s probably not entirely fair to attribute the blame to the bumbling Joe Biden. Struggling with signs of senile dementia, on occasions, Biden gives the appearance … Continue reading Man Without A Plan: Joe Biden’s Energy Policy is Utterly Incoherent and Totally Destructive
Wind Industry’s Major Meltdown: In 2022 GE, Vestas & Siemens Energy Lost $4.6 Billion
In 2022, GE’s renewables division scorched $2 billion, Vestas vaporized $1.68 billion and Siemens Energy said goodbye to $943.48 million. It seems that it’s only the hope that governments might throw a few more taxpayer’s $billions in their direction that keeps these outfits hanging on. While that might have been a sensible tack to take … Continue reading Wind Industry’s Major Meltdown: In 2022 GE, Vestas & Siemens Energy Lost $4.6 Billion
All Downside: Energy & Mineral Hungry Wind & Solar Are Simply Not Sustainable
There is no such thing as a 'free' lunch, some one always pays. Wind and sun may be free, the occasional power they produce is anything but. The economic choices we make (and the policies that surround, support or reflect them) are driven by a simple equation: that the economic cost should be outweighed by the … Continue reading All Downside: Energy & Mineral Hungry Wind & Solar Are Simply Not Sustainable
Why Naturally Intermittent Wind & Solar Can Never Replace Coal, Gas & Nuclear
Europeans with any sense have woken up to the fact that the much-touted wind and solar ‘transition’ is a cruel hoax driven by cynical crony capitalists and their political enablers. Driven by starry-eyed ideology, rather than sound engineering and economics, the great ‘green’ reset fell apart because households, businesses and industries aren’t prepared to limit … Continue reading Why Naturally Intermittent Wind & Solar Can Never Replace Coal, Gas & Nuclear
Ever Escalating Price of Wind & Solar: The More You Have, The More You Pay
Incapable of increasing their output to match an increase in demand, wind and solar will never amount to meaningful power generation sources. No, for every single MW of wind and solar capacity there has to be another MW of reliable, dispatchable power generation somewhere else, connected to the grid, and ready to deliver the goods, … Continue reading Ever Escalating Price of Wind & Solar: The More You Have, The More You Pay
Hide & Seek: Exposing The (Colossal) Hidden Cost of Wind Power Subsidies
The wind industry can never keep its story straight. One minute it’s cheap and competitive, the next its screaming for more subsidies, because it can’t compete. Claims about wind power generation costs falling are immediately undone when rent seekers (once again) pass round the begging bowl and badger governments for more soft loans, renewable energy … Continue reading Hide & Seek: Exposing The (Colossal) Hidden Cost of Wind Power Subsidies
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