America’s offshore wind industry is collapsing, both figuratively and literally. Offshore turbines have grown in capacity and size to the point where they simply collapse into the ocean. As do the financial prospects of those seeking to profit from them. One of the key players offshore - GE’s renewables division - backed up a solid … Continue reading Full-blown Financial Meltdown: Offshore Wind Industry’s Collapse Accelerates
Tag: Offshore wind industry investment
China & India Reject West’s Suicidal Wind & Solar Obsession
While Europe, the UK, US and Australia are busily destroying their energy supplies, China and India are building coal-fired and nuclear power plants, hand over fist - providing reliable and cheap power to industry, businesses and households is central to their economic development. There was nothing sustainable about subsidised wind and solar. The sudden and … Continue reading China & India Reject West’s Suicidal Wind & Solar Obsession
Enron All Over Again: Wind & Solar Industries Become Total Financial Train Wrecks
Ponzi schemes last only as long as their creators can draw in fresh suckers. The wind and solar industries are fast running out of suckers. America’s Enron set the standards early, parading manufactured financial statements that never reflected the fact that Enron was a worthless house of cards. Gullible investors kept piling in, which helped … Continue reading Enron All Over Again: Wind & Solar Industries Become Total Financial Train Wrecks
Permanently Cancelled: No Way Back For Embattled Offshore Wind Industry
As the offshore wind industry implodes in the US, UK and Northern Europe it’s worth noting the class of villains responsible. Pitching the most insanely expensive method of occasionally generating electricity on a random and entirely chaotic basis took audacity; taking investors for a ride with them took a special kind of malice; and pretending … Continue reading Permanently Cancelled: No Way Back For Embattled Offshore Wind Industry
Rent-Seekers Retreat: Grand Wind & Solar Transition Faces Total Collapse
The smart money is banking on the wind and solar industries’ total collapse; the smartest money was never invested in the greatest Ponzi scheme of all time. With subsidised wind and solar looking more like a house of cards, dozens of grand standing projects are being unceremoniously dumped. The potential investors targeted by their proponents … Continue reading Rent-Seekers Retreat: Grand Wind & Solar Transition Faces Total Collapse
Offshore Freefall: Wind Industry Faces Economic Reality (And Doesn’t Like It)
Built on myth and lies and running on subsidies, the wind industry was never going to last. Set a false business narrative and, eventually, economic reality comes sweeping in like a Panzer division on steroids. Cheery propaganda does not always result in profits. Start with the story about wind power being the cheapest of all, … Continue reading Offshore Freefall: Wind Industry Faces Economic Reality (And Doesn’t Like It)
Dead Man Walking: Global Wind Industry’s Prospects Have Never Looked So Bad
The wind industry’s glory days are long gone: investment has collapsed across Europe, turbine manufacturers are losing $billions and dozens of offshore projects have been scrapped in the last 12 months. Call us a tad cynical, but if you offer a product that can’t be delivered on demand (which, accordingly, has no commercial value) and … Continue reading Dead Man Walking: Global Wind Industry’s Prospects Have Never Looked So Bad
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