The wholesale collapse of Europe’s wind industry suggests that so-called ‘sustainable’ energy ain’t so sustainable, after all. Big turbine manufacturers are sacking workers in droves, watching their share prices plummet and pulling out all stops to stave off bankruptcy. Accumulating hundreds of €millions in losses, turbine maker Senvion entered into self-administered bankruptcy/liquidation in April. Danish … Continue reading It’s-A-Knockout: European Wind Industry’s Total Collapse: Firms Bankrupt & Thousands Sacked
Tag: Cutting subsidies to renewables
Green Jobs Mirage: Europe’s Biggest Wind Turbine Maker Sacks Hundreds of Workers as Subsidies Slashed
So-called ‘green’ jobs are a case of easy come, easy go. The wind and solar ‘industries’ that gave birth to those jobs simply can’t survive without massive and endless subsidies, which means their days are numbered. With the axe being taken to subsidies across the globe, their ultimate demise is a matter of when, not … Continue reading Green Jobs Mirage: Europe’s Biggest Wind Turbine Maker Sacks Hundreds of Workers as Subsidies Slashed
Full Steam Ahead: China’s Coal-Fired Power Surge Continues At Full-Tilt
Cut the subsidies and the wind and solar ‘industries’ would disappear overnight. That’s the lesson being delivered across the globe, as investment in new wind and solar capacity plummets. Nowhere has the collapse been more prominent than in China. Which is at odds with the meme that’s been run by renewable energy zealots for years … Continue reading Full Steam Ahead: China’s Coal-Fired Power Surge Continues At Full-Tilt
With Wind & Solar’s Days Over, Who Cleans Up Europe’s Renewable Energy Mess?
Across Europe, investment in new wind and solar is in freefall. So far this year, the Germans installed a measly 35 of these things onshore. As their massive subsidies get cut and furious rural residents revolt, the wind and solar industries are facing their inevitable Armageddon. The inevitable surge in power prices and grid chaos … Continue reading With Wind & Solar’s Days Over, Who Cleans Up Europe’s Renewable Energy Mess?
Solar Eclipsed: Renewable Energy Investors Fret as Share Price Plummets
The hopes of renewable energy investors depend on subsidies to wind and solar lasting forever. Sadly, for those with skin in the game, the longevity of the subsidies, targets, mandates, penalties and fines - that make intermittent wind and solar profitable - are limited. The idea was, of course, that after a decade or so … Continue reading Solar Eclipsed: Renewable Energy Investors Fret as Share Price Plummets
Die Already: When Will the Wind and Solar ‘Industries’ Finally Collapse?
The wind and solar ‘industries’ are a pair that can’t survive without massive and endless subsidies, which means their days are numbered. Their ultimate demise is a matter of when, not if. The wind back in subsidies across Europe has all but destroyed the wind industry: in Germany this year a trifling 60 onshore wind turbines … Continue reading Die Already: When Will the Wind and Solar ‘Industries’ Finally Collapse?
End Game: Subsidy Wind Down Heralds Collapse in Wind & Solar Investment
Wind and solar power are always and everywhere the product of massive (and seemingly) endless subsidies. Except, there is an end. There always is. Australia’s Large-Scale Renewable Energy Target expires in December 2030. The 33,000 GWh annual target was meant to be reached with a surge in wind and large-scale solar capacity by 2020, but … Continue reading End Game: Subsidy Wind Down Heralds Collapse in Wind & Solar Investment
Renewables ‘Transition’ Terminated: With Their Subsidies Slashed, the Honeymoon for Wind & Solar is Over
Like a bride jilted at the altar, the wind and solar ‘industries’ are moaning about what could have been. Plenty of RE zealots managed to convince themselves that these so-called ‘industries’ were actually sustainable; that the subsidies that created them would ultimately prove unnecessary, or if not, taxpayers and power consumers would merrily pay … Continue reading Renewables ‘Transition’ Terminated: With Their Subsidies Slashed, the Honeymoon for Wind & Solar is Over
Wind Industry Free-Fall: Subsidy Cuts Slashes Wind Power Investment & ‘Green’ Jobs
Cut subsidies to wind and solar and their ‘industries’ disappear in a heartbeat. Across Europe the subsidies have been slashed and so too has wind power investment and thousands of groovy ‘green’ jobs. Twelve countries in the European Union (EU) failed to install “a single wind turbine” last year. And, as a result, the manufacturers … Continue reading Wind Industry Free-Fall: Subsidy Cuts Slashes Wind Power Investment & ‘Green’ Jobs
Game Over: Europe’s Great Renewables Rush Faces Armageddon
Death and taxes are certainties, so is the fact that wind and solar investment disappears just as soon the subsidies are cut. Without massive (and seemingly endless) subsidies we wouldn’t be having this conversation: there would have been no such thing as wind and solar power, on any scale, or at all. Twelve countries in … Continue reading Game Over: Europe’s Great Renewables Rush Faces Armageddon
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