Germany’s costly and chaotic wind and solar transition has served up plenty of casualties. Large numbers of energy intensive manufacturers have already bailed out - chasing cheap power prices in places like the US and Singapore. Now, in a rather ironic twist, its solar panel manufacturing industry has all but thrown in the towel. Notwithstanding … Continue reading Business Freeze: Germany’s Last Solar Panel Manufacturers Finally Crushed
Tag: Manufacturing employment power prices
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
No Contest: Coal-Fired Power Outright Winner In Reliable & Affordable Energy Wars
China, India and Indonesia are building hundreds of coal-fired power plants because they deliver electricity all day, every day at prices that everyone can afford. The reason for backing coal-fired power is that simple. And yet thanks to a mixture of mercenary self-interest on the part of renewable energy rent seekers and the wilful ignorance … Continue reading No Contest: Coal-Fired Power Outright Winner In Reliable & Affordable Energy Wars
Power Price Punishment: Cost of Subsidised Wind & Solar Killing Productive Industry & Enterprise
Reliance on intermittent wind and solar guarantees rocketing power prices and chaotic supply. Price spikes and/or power rationing when the sun sets or calm weather sets in are the death knell for a range of energy-hungry businesses and industries. Manufacturing and mineral processing are usually the first to disappear, when the true costs of running … Continue reading Power Price Punishment: Cost of Subsidised Wind & Solar Killing Productive Industry & Enterprise