Wind turbine makers are bleeding cash, and several are terminal. Siemens Gamesa has been axing hundreds of jobs in Europe and America. Vestas, Nordex and Enercon are also on the ropes. The cause of all this corporate misery is down to a collapse in wind factory investment, which is down to a collapse in wind … Continue reading Wind Turbine Makers Demand Taxpayer Bailout For Mounting Billion-Dollar Losses
Tag: Siemens renewable energy unit
Subsidy Cuts Mean Wind Turbine Makers Face Miserable & Uncertain Future
The wind industry was built on lies and runs on subsidies; cut the subsidies and the whole thing collapses in a heartbeat. Wind turbine makers like Germany’s Siemens are having a rather miserable time of it, of late. Subsidies were already being wound back across Europe (and with it demand for these whirling wonders) when … Continue reading Subsidy Cuts Mean Wind Turbine Makers Face Miserable & Uncertain Future
RE Bites Back: Europe’s Wind Turbine Makers Can’t Compete With Coal-Powered China
Victims of their own success, Europe’s wind turbine makers are being crushed by rocketing power prices - caused by reliance on intermittent wind and solar. Oh, the irony... The staggering surge in European energy costs has rendered them unable to compete with Chinese manufacturers, whose operations benefit from abundant supplies of nuclear and coal-fired power. … Continue reading RE Bites Back: Europe’s Wind Turbine Makers Can’t Compete With Coal-Powered China
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