The wind industry in Australia is doomed, and it knows it. Power consumers who have received power bills since retail rates increased fully 20% in July, are furious; tens of thousands simply can’t pay them and have been put on ‘payment plans’, while thousands more have simply been disconnected from the grid, unable to pay … Continue reading National Energy Guarantee Spells Doom for Wind Power: Mere Threat of NEG Smashes Wind Power Outfits’ Share Prices
Tag: infigen share price
Fear & Loathing Downunder: Australian PM’s Reliable Power Play Kills Dozens of Wind Power Projects Stone Dead
Gradually, painfully, the wind industry, its parasites and spruikers are coming to the realisation that Malcolm Turnbull’s National Energy Guarantee means the end of the greatest subsidy-soaked rort of all time. Among renewables rent-seekers, a few deluded souls are still kidding themselves that it will all blow over (so to speak), while, at the other … Continue reading Fear & Loathing Downunder: Australian PM’s Reliable Power Play Kills Dozens of Wind Power Projects Stone Dead
Shock, Horror! Wind Power Output Depends on Wind: Infigen Blames ‘Lack of Wind’ for Losses
*** Australia's publicly funded, green-left megaphone, the ABC has a hard time dealing with tough things like facts and consequences. So it must've been a rude shock to find out that the fortunes of wind power outfits depend upon ... ahem ... the weather. Lack of wind a big blow for Infigen ABC News Stephen … Continue reading Shock, Horror! Wind Power Output Depends on Wind: Infigen Blames ‘Lack of Wind’ for Losses
Neighbours Sue Wind Power Operator – Infigen – for $20m Damages Caused by Devastating Wind Farm Fire
On 17 January 2017, wind farm operator Infigen sparked a blaze that ripped across the southern Tablelands of NSW and destroyed 3,400 hectares (8,400 acres), hundreds of sheep and cattle, sheds and at least one home. STT first reported on it on 25 January: Wind Power Setting the World on Fire: Infigen Sparks Devastating NSW Bushfire … Continue reading Neighbours Sue Wind Power Operator – Infigen – for $20m Damages Caused by Devastating Wind Farm Fire
Born Lucky: Stars Align Perfectly for PM’s Son with Mammoth Bet on Wind Power Outfit Infigen
Life is a lottery. And lottery winners are a mixed bag. Sometimes it’s that battler from Bundaberg who scoops the jackpot, immediately pays off the mortgages of his mates and buys five identical V8 Holden Commodores. On other occasions, the lottery was won at birth. Sometimes the advantage of parentage is immediate and other times … Continue reading Born Lucky: Stars Align Perfectly for PM’s Son with Mammoth Bet on Wind Power Outfit Infigen
Australia’s Renewable Policy Doomed as Labor Party Scuttles Away from Suicidal 50% RET
*** Former union bully boy and billionaire wannabe, Labor opposition leader, Bill Shorten is all over the shop on energy policy. Terrified witless of the lunatic left and the Greens who, like the tail that wags the dog, have driven the Australian Labor Party into a suicidal push for a 50% RET, Shorten has taken … Continue reading Australia’s Renewable Policy Doomed as Labor Party Scuttles Away from Suicidal 50% RET
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 … Continue reading Let the Sun Shine In: Australia’s BIGGEST Power Retailer Determined to Kill Wind Power
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 … Continue reading Wind Industry Still Wailing About ‘Uncertainty’ as Australian Retailers Continue to Reject Wind Power ‘Deals’
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, … Continue reading Infigen Imploding: Puts US Wind Farms On the Market in Last-Ditch Attempt to Balance its Books
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 … Continue reading More Wind Power Outfits Go Bust: “Farmer-Investors” Lose their Shirts in the US
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