Once a world 'leader', Germany’s wind industry is on the brink of total collapse; new construction has ceased, and bankrupt turbine makers are sacking thousands of workers. Limit your worldview to the mainstream press and you’d be forgiven for thinking Germany is well on its way to an all wind and sun powered future, and … Continue reading Wind Power Investment Collapses as Germany’s Wind Industry Faces Total Armageddon
Tag: Senvion bankruptcy
It’s-A-Knockout: European Wind Industry’s Total Collapse: Firms Bankrupt & Thousands Sacked
The wholesale collapse of Europe’s wind industry suggests that so-called ‘sustainable’ energy ain’t so sustainable, after all. Big turbine manufacturers are sacking workers in droves, watching their share prices plummet and pulling out all stops to stave off bankruptcy. Accumulating hundreds of €millions in losses, turbine maker Senvion entered into self-administered bankruptcy/liquidation in April. Danish … Continue reading It’s-A-Knockout: European Wind Industry’s Total Collapse: Firms Bankrupt & Thousands Sacked
Game Over: Europe’s Great Renewables Rush Faces Armageddon
Death and taxes are certainties, so is the fact that wind and solar investment disappears just as soon the subsidies are cut. Without massive (and seemingly endless) subsidies we wouldn’t be having this conversation: there would have been no such thing as wind and solar power, on any scale, or at all. Twelve countries in … Continue reading Game Over: Europe’s Great Renewables Rush Faces Armageddon
Reality Bites: Cheap Coal-Fired Power Killing Dreams of Australian Wind & Solar ‘Nirvana’
Wind and solar don’t compete with coal-fired power; never have, never will. You see, ‘competition’ involves starting from the same position, running the same race, over the same distance, without respite, laydown or let up. Calm weather and sunset don’t trouble coal-fired power plants (or gas or nuclear, for that matter). But the same can’t … Continue reading Reality Bites: Cheap Coal-Fired Power Killing Dreams of Australian Wind & Solar ‘Nirvana’
Flat Broke & Busted: German Wind Turbine Maker Senvion’s Spectacular Financial Collapse
Cut the subsidies and the wind industry would disappear in a heartbeat. The business model (read 'colossal government mandated scam') has all the hallmarks of an enormous Ponzi scheme - the wind industry's demise is a matter of when, not if. The withdrawal of subsidies across Europe has taken its toll, as the number of … Continue reading Flat Broke & Busted: German Wind Turbine Maker Senvion’s Spectacular Financial Collapse
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