Mounting Losses Mean Sweden’s Wind Industry Faces Total Financial Collapse

Notwithstanding €billions in subsidies, Sweden’s embattled wind industry is on the brink of total financial collapse. The majority of Swedish wind power outfits are underwater, bleeding cash and have no hope of recovery. In the piece below, Carl Deconinck reports on the work of two economists, Christian Sandström and Christian Steinbeck, who conclude that the … Continue reading Mounting Losses Mean Sweden’s Wind Industry Faces Total Financial Collapse

Orsted’s Financial Collapse Spells Armageddon For US Offshore Wind Industry

When the most heavily subsidised industry on earth can’t make it pay, you know the economics must really stink. Denmark’s Ørsted share price plummeted 25% late last year, and after slashing dividends to shareholders was forced to write $billions off the projected value of its US offshore projects, and its share price is still heading south. Exhibiting … Continue reading Orsted’s Financial Collapse Spells Armageddon For US Offshore Wind Industry