Panic Erupts: Infigen Set to Offload Worn-Out Australian Wind Farms to Even ‘Greater Fools’

**** In the hard-hitting Danish docu-drama, Follow the Money, the Armani suited executives of Energreen play a game of cat and mouse with the Fraud Squad, pumping up the value of their wind farm ‘assets’, while erasing anything from their books that investors might reasonably conclude were liabilities. Some viewers might call it ‘creative accounting’, […]

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 […]

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, […]