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: Siemens energy share price
Compounding Problems: Wind Industry’s Fortunes Never Looked So Woeful
2023 will go down as the year that the wind industry began its inevitable implosion. Unable to deliver power as and when power consumers need it (therefore generating electricity with no commercial value), the wind industry was only ever the product of mandates, tax breaks and massive subsidies. Call it a Ponzi scheme, call it … Continue reading Compounding Problems: Wind Industry’s Fortunes Never Looked So Woeful
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
Eagles Dare: China Wins Race to Build World’s Largest Bird Mincing Wind Turbine
Eagles and other avian predators won’t stand a chance when China starts rolling out turbines with 150m long blades, their outer tips travelling at over 400 km an hour, perfect for slicing and dicing any critter within their extensive range. When GE announced plans to build a 12MW monster, the wind cult oohed and aahed, now China has … Continue reading Eagles Dare: China Wins Race to Build World’s Largest Bird Mincing Wind Turbine
Crash Test Dummies: Wind Turbine Maker Siemens Suffers Massive Share Price Slump
The world’s wind turbine makers are bleeding cash; none of them are capable of turning a profit and all of them are facing financial ruin. General Electric’s renewables business blew a cool $2.2bn of shareholder value in 2022. Siemens Gamesa has axed hundreds of jobs in Europe and America. Vestas, Nordex and Enercon are also … Continue reading Crash Test Dummies: Wind Turbine Maker Siemens Suffers Massive Share Price Slump
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