The world runs on luck and credit. The wind and solar ‘industries’ are running out of both. What might have sounded a little hopeful 20 years ago, sounds utterly ridiculous today. Talk about an all-wind and sun-powered future these days smacks of a mixture of delusion and desperation. Wind turbine manufacturers are bleeding cash, with … Continue reading ‘Green’ Energy Nirvana Collides With Brutal Reality: Wind & Solar Are Pointless
Tag: Vestas financial losses
Dead Man Walking: Global Wind Industry’s Prospects Have Never Looked So Bad
The wind industry’s glory days are long gone: investment has collapsed across Europe, turbine manufacturers are losing $billions and dozens of offshore projects have been scrapped in the last 12 months. Call us a tad cynical, but if you offer a product that can’t be delivered on demand (which, accordingly, has no commercial value) and … Continue reading Dead Man Walking: Global Wind Industry’s Prospects Have Never Looked So Bad
Wind Industry’s Major Meltdown: In 2022 GE, Vestas & Siemens Energy Lost $4.6 Billion
In 2022, GE’s renewables division scorched $2 billion, Vestas vaporized $1.68 billion and Siemens Energy said goodbye to $943.48 million. It seems that it’s only the hope that governments might throw a few more taxpayer’s $billions in their direction that keeps these outfits hanging on. While that might have been a sensible tack to take … Continue reading Wind Industry’s Major Meltdown: In 2022 GE, Vestas & Siemens Energy Lost $4.6 Billion
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
STOP THESE THINGS 