US Wind Power Outfits Curse ‘El Niño’ for Massive & Mounting Losses

**** STT has likened it to the great corporate Ponzi schemes, pointing out, just once or twice, that the wind industry is little more than the most recent and elaborate effort to fleece gullible investors, in a list that dates back to “corporate investment classics”, like the South-Sea Bubble and Dutch tulip mania. In the […]

Let the Sun Shine In: Australia’s BIGGEST Power Retailer Determined to Kill Wind Power

**** STT has been pointing out for sometime now, the fact that Australia’s big 3 power retailers have been refusing to ‘play ball’ with beleaguered wind power cowboys, like near-bankrupt, Infigen and the union super fund backed disaster, Pacific Hydro. Commercial retailers have not entered any power purchase agreements with wind power outfits, since about […]

Australia’s Most Notorious Wind Power Outfit – Infigen – Blames $304 Million Loss on the WIND

**** Infigen is an all-wind-power-outfit that used to be called Babcock and Brown, which collapsed in spectacular fashion back in 2009: the way things are headed, get set for a replay. As an investment ‘prospect’, Infigen is all about bleeding cash. It backed up a $55 million loss in 2011/12 with an $80 million loss […]

Wind Industry Still Wailing About ‘Uncertainty’ as Australian Retailers Continue to Reject Wind Power ‘Deals’

[Could it be something about the ‘product’, maybe?] Back in February this year, STT covered the unassailable fact that Australia’s Large-Scale Renewable Energy Target (LRET) – then set at a colossal 41,000 GWh – was completely unsustainable on every level – economic, political and social: LRET “Stealth Tax” to Cost Australian Power Punters $30 BILLION […]

Infigen Imploding: Puts US Wind Farms On the Market in Last-Ditch Attempt to Balance its Books

**** Infigen is an all-wind-power-outfit that used to be called Babcock and Brown, which collapsed in spectacular fashion back in 2009: the way things are headed, get set for a replay. Infigen is bleeding cash (it backed up a $55 million loss in 2011/12 with an $80 million loss in 2012/13 and keeps losing money, […]

More Wind Power Outfits Go Bust: “Farmer-Investors” Lose their Shirts in the US

**** In Australia, the wind industry is in total melt-down, with many of its “BIG” players on the brink of financial collapse. And the dreadful “uncertainty” about the willingness of governments to continue fleecing power consumers and taxpayers – in order to keep throwing massive subsidies at the greatest rort of all time (which, on […]

Australian Wind Industry Hits the Wall: Claiming “Uncertainty” the Big KILLER

**** Clean energy spending plunges on RET uncertainty The Australian Sarah-Jane Tasker 13 January 2015 NEW clean energy investment in Australia has dropped to its lowest level since 2009, falling 35 per cent to $4.6 billion, driven by un­certainty over the renewable energy target. A severe downturn in large-scale asset financing helped push the figure […]

Wind Industry’s “Death By A Thousand Cuts”: RET Review Panel – current RET should go

**** The RET Review Panel has delivered the final blow for the Australian wind industry, with recommendations that include killing the RET rort from here on: the Panel recommending that the current 41,000 GWh target be abolished – and that the door be firmly shut on any new wind farm investments. The Panel’s report is […]

Australian Wind Industry Doomed: Tony Abbott Signals the End of the Mandatory RET

  STT followers have been delighted with news that Tony Abbott, Joe Hockey and Mathias Cormann have teamed up to axe the mandatory RET (see our post here). In response to the PM’s mooted plan, the wind industry and its parasites have been reduced to making idle threats of “revenge” and bleating about “sovereign risk”. […]

German Energy Giant E.On says: It’s Time for Wind Power to Grow Up

The wind industry is a lot like Peter Pan – the eternal child, who will fight, kick and scream to avoid the stark reality of adulthood. How often have we heard the yarn about wind power needing a fat pile of subsidies (filched from taxpayers and power consumers) for just that little bit longer to […]