**** In yesterday’s post - The Wind Industry: Always and Everywhere the Result of Massive & Endless Subsidies (Part 1) - we covered the fact that the Australian wind industry exists - and ONLY exists - for one single purpose: to wallow in a subsidy stream which will hit $3 billion annually in 2019; and … Continue reading The Wind Industry: Always and Everywhere the Result of Massive & Endless Subsidies (Part 2)
Tag: risks of investing in wind power companies
Adam Creighton: Labor’s Ludicrous Wind Power Policy to Squander more than $100 Billion
**** In Sunday’s post, we detailed Labor’s descent into wind power madness – with its impossible push for a 50% renewable energy target. One of the immediate responses has come from the press-pack; who have now turned on the great wind power fraud with a vengeance. Journalists with a modicum of common sense have woken … Continue reading Adam Creighton: Labor’s Ludicrous Wind Power Policy to Squander more than $100 Billion
Wind Power Ponzi Scheme Implodes: IFM Investors Ditches Pac Hydro & Pac Hydro, AGL and RATCH Ditch Wind Farms
**** The wind industry in Australia – as elsewhere – is in its death throes. STT has likened it to the great corporate Ponzi schemes, pointing out, just once or twice, that the wind industry is little more than the most recent and elaborate effort to fleece gullible investors, in a list that dates back … Continue reading Wind Power Ponzi Scheme Implodes: IFM Investors Ditches Pac Hydro & Pac Hydro, AGL and RATCH Ditch Wind Farms
Wind Industry Ponzi Scheme Collapsing: Pacific Hydro’s “Downfall”
**** Pacific Hydro is a name synonymous with wind industry skulduggery in Australia: the merciless treatment of its victims at Cape Bridgewater has been added to the annals of Australian corporate infamy, right up there with Aussie asbestos pedlar, James Hardie (see our post here). Pac Hydro has copped a pasting for riding roughshod over … Continue reading Wind Industry Ponzi Scheme Collapsing: Pacific Hydro’s “Downfall”
More Wind Power Outfits Go Bust: “Farmer-Investors” Lose their Shirts in the US
**** In Australia, the wind industry is in total melt-down, with many of its "BIG" players on the brink of financial collapse. And the dreadful "uncertainty" about the willingness of governments to continue fleecing power consumers and taxpayers - in order to keep throwing massive subsidies at the greatest rort of all time (which, on … Continue reading More Wind Power Outfits Go Bust: “Farmer-Investors” Lose their Shirts in the US
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