Tag: Enercon share price

Biggest Losers: Thousands Sacked As Germany’s Wind Turbine Makers Face Financial Doom

Cut the subsidies to wind power and turbine makers soon fold. Siemens Gamesa has been axing hundreds of jobs in Europe and America as the wheels come off the renewable energy gravy train. Now, Vestas, Nordex and Enercon are also facing financial ruin, and for all the same reasons. Some of their travails are caused by the fact … Continue reading Biggest Losers: Thousands Sacked As Germany’s Wind Turbine Makers Face Financial Doom

Wind Power Investment Collapses as Germany’s Wind Industry Faces Total Armageddon

Once a world 'leader', Germany’s wind industry is on the brink of total collapse; new construction has ceased, and bankrupt turbine makers are sacking thousands of workers. Limit your worldview to the mainstream press and you’d be forgiven for thinking Germany is well on its way to an all wind and sun powered future, and … Continue reading Wind Power Investment Collapses as Germany’s Wind Industry Faces Total Armageddon

It’s-A-Knockout: European Wind Industry’s Total Collapse: Firms Bankrupt & Thousands Sacked

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