Buying shares in wind and solar manufacturers makes horseracing and cocaine habits look like canny investments. Big wind turbine makers like Vestas and Siemens have destroyed $billions worth of value for their shareholders, as input costs skyrocket and revenues crash, smashing share prices along the way. Steve Goreham is an analyst who has been watching … Continue reading Making a Small Fortune Investing in Wind & Solar Means Starting With A Large One
Tag: Orsted share price
Wind Industry’s Share Prices Plummet As More Offshore Wind Projects Get Scrapped
The wind industry’s financial misery is spreading like the toxic junk from disintegrating turbine blades that’s covering vast tracts of the Atlantic coastline. Once bullish forecasts for giant offshore wind turbine projects these days sound like suicide pacts involving other people’s money. Loose talk about mega-offshore projects has been replaced by massive and mounting losses … Continue reading Wind Industry’s Share Prices Plummet As More Offshore Wind Projects Get Scrapped
Europe’s Wind Industry Faces Total Oblivion & Slovakia Cans All Wind Projects
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
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
Unions Backing Sinking Solar & Wind Playing Russian Roulette With Retirement Savings
Clever investors have already pulled their cash out of wind and solar outfits, as projects get scrapped and turbine and panel makers lose $billions. A complete Enron-style collapse is on the cards. Companies like Shell are walking away from multi-billion-dollar projects, big players like Orsted, Vestas and Siemens Gamesa are in structural financial crisis - … Continue reading Unions Backing Sinking Solar & Wind Playing Russian Roulette With Retirement Savings
From Bad to Worse: Wind Industry’s Mounting Woes Down to Naturally Woeful Performance
The wind industry’s eventual implosion is inevitable and unavoidable, just like death and taxes. Start with the fact that these things can never deliver power as and when it’s needed, and you’ll begin to understand that the industry’s woeful performance sits at the heart of its current crop of mounting woes. Eventually all the loose … Continue reading From Bad to Worse: Wind Industry’s Mounting Woes Down to Naturally Woeful Performance
Transmission Break: Frequently Faulty Cables Costing Offshore Wind Power Generators Hundreds of $Millions
Turns out offshore wind power is more financial heartbreak than cash cow. Thanks to the phenomenal cost of repairing its undersea cables, Denmark’s Orsted is literally bleeding cash. The cost of fixing faulty cables connecting their turbines to each other and transmission facilities onshore is already in the hundreds of $millions, and set to rise … Continue reading Transmission Break: Frequently Faulty Cables Costing Offshore Wind Power Generators Hundreds of $Millions
Offshore Wind Power All at Sea: Danish Wind Farm Operator Suffers Massive Financial Losses
Apart from literally burning cash, there is no faster way to squander money than by piling it into an offshore wind power project. It’s hardly news that the true cost of generating electricity using wind power is staggering; the cost of doing so offshore is astronomical. Instead of producing ‘free’ energy with purportedly ‘endless’ sea breezes, offshore … Continue reading Offshore Wind Power All at Sea: Danish Wind Farm Operator Suffers Massive Financial Losses
Share Prices Plummet: Market Punishes Wind Power Outfits For Over-Blown Output Forecasts
The wind industry is built on lies and runs on subsidies, so it’s no surprise that the market has taken revenge on wind power outfits pitching up overblown output forecasts. One of them, Orsted (part owned by the Danish government) has seen its share price slashed, as investors recognise that they’ve been had. The knock-on … Continue reading Share Prices Plummet: Market Punishes Wind Power Outfits For Over-Blown Output Forecasts
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