Europe’s wind industry is in its death throes. Denmark’s Ørsted's 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. Europe’s turbine manufacturers are bleeding cash and their shares will … Continue reading Europe’s Wind Industry Faces Total Oblivion & Slovakia Cans All Wind Projects
Tag: Orsted offshore wind projects
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
Shipwrecked: America’s Offshore Wind Industry Being Crushed By Rising Construction Costs
2023 was the year when the offshore wind industry’s grand implosion began. Major investors bailed out as the insane cost of attempting to (occasionally) generate electricity with no commercial value in hostile marine environments began to bite. Dozens of projects have been scrapped and others are now highly doubtful. And for those wind power outfits … Continue reading Shipwrecked: America’s Offshore Wind Industry Being Crushed By Rising Construction Costs
Litigation Only Way to Protect Communities & Environments From Wind Turbine Rollout
Holding hands and waving placards just doesn’t cut it. If you want to protect the environment or your community from the industrial wind power onslaught, then litigate. In this post, we contrast a community off the coast of New South Wales, Australia where a rally of surfers gathered to stave off the threat of an … Continue reading Litigation Only Way to Protect Communities & Environments From Wind Turbine Rollout
America’s Wind Industry Implodes: More Offshore Projects Scrapped
In the US the offshore wind industry is completely underwater, in every sense. The insane cost of attempting to (occasionally) generate electricity with no commercial value in hostile marine environments has finally caught up. Projects are being scrapped in the same way that punters rip up their betting slips when their long-shot nag fails to … Continue reading America’s Wind Industry Implodes: More Offshore Projects Scrapped
Wind Industry Outraged at Government Refusal to Deliver Even More Subsidies
It takes real audacity for the most heavily subsidised ‘industry’ on earth, to demand even more. And it takes real courage for the governments who have been handing out massive subsidies, without question, to reject demands for more of the same. Which is where the New York State Public Service Commission (PSC) comes in. Led … Continue reading Wind Industry Outraged at Government Refusal to Deliver Even More Subsidies
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