Notwithstanding €billions in subsidies, Sweden’s embattled wind industry is on the brink of total financial collapse. The majority of Swedish wind power outfits are underwater, bleeding cash and have no hope of recovery. In the piece below, Carl Deconinck reports on the work of two economists, Christian Sandström and Christian Steinbeck, who conclude that the … Continue reading Mounting Losses Mean Sweden’s Wind Industry Faces Total Financial Collapse
Category: Sweden
Transition to Insolvency: Europe’s Largest Wind Farm Facing Bankruptcy
The world’s greatest Ponzi scheme is imploding. The wind and solar scam was never going to last. Built on lies and running on subsidies the so-called wind and solar ‘industries’ are being belted from all sides. Rising costs, shrinking subsidies and hostile communities have taken the gloss from the greatest economic and environmental fraud of … Continue reading Transition to Insolvency: Europe’s Largest Wind Farm Facing Bankruptcy
Nordic Nuclear Revival: Sweden to Build 10 Large Capacity Plants
Nordics are renowned for their practical, common sense, which is why the likes of Sweden and Finland are backing nuclear power like their nations depend on it. When Finland fired up its 1,600MW Olkiluoto 3 nuclear plant in April this year, power users were bound to notice that average spot electricity prices dropped from €245.98 per … Continue reading Nordic Nuclear Revival: Sweden to Build 10 Large Capacity Plants
Bubble Bursts: Rising Costs Mean More Massive Offshore Wind Projects Scrapped
The spiralling cost of erecting ever-larger turbines at sea is matched by the spiralling costs of the raw inputs needed for the turbines themselves, which means the offshore wind power bubble has truly burst. The Sweden’s Vattenfall has just scotched a massive project proposed off the coast of Norfolk, moaning about rocketing turbine manufacturing and … Continue reading Bubble Bursts: Rising Costs Mean More Massive Offshore Wind Projects Scrapped
Why Rural Communities Around the Globe Are Rioting Against Wind & Solar Invasion
While the wind and solar ‘industries’ are intent on wrecking rural communities, those communities are intent on fighting back - with all they’ve got. A decade ago, residents could often be heard saying that they were all in favour of renewable energy, but just not in their backyards - sounding like the classic NIMBY, thereby … Continue reading Why Rural Communities Around the Globe Are Rioting Against Wind & Solar Invasion
Swedes Embrace Nuclear & Join Europe’s Grand Rejection Of Wind & Solar Transition
In the 1980s, the Swedes set out to ditch nuclear power and meet a 100% renewable energy target. Now, in the mother of all reversals, Sweden has decided to follow its neighbour - Finland - with its own move towards safe, reliable and affordable nuclear power. The Finns are well ahead of the curve. When Finland … Continue reading Swedes Embrace Nuclear & Join Europe’s Grand Rejection Of Wind & Solar Transition
Worrying About Carbon Dioxide Gas? Nuclear Power the Only Serious Generation Option
If human-generated carbon dioxide gas is a problem, the only serious solution is nuclear power. It’s that simple. Nuclear power is only stand-alone power generation system that does not generate carbon dioxide gas during the process and delivers power 24 x 365, irrespective of the weather or where the Sun sits in the sky. The … Continue reading Worrying About Carbon Dioxide Gas? Nuclear Power the Only Serious Generation Option
Swedish Shutdown: Shift from Ever-Reliable Nuclear to Never-Reliable Wind Leaves Swedes Scrambling for Power
Attempting to replace always-on nuclear with weather-dependent wind power was always going to end in tears. Sweden - renowned for cheerful pop groups like Abba, Vogue-ish furniture and meatballs - has been hijacked by maniacs who’ve resolved to wind down its enviable nuclear power generation capacity, claiming it can be readily replaced with the chaotic … Continue reading Swedish Shutdown: Shift from Ever-Reliable Nuclear to Never-Reliable Wind Leaves Swedes Scrambling for Power
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