Tag: Vestas financial performance

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

RE-Treat: Europe’s Repeated Wind & Solar Failures Force Renewable Energy Reversal

Germany and Britain are so heavily dependent on wind and solar, that gloomy, windless weather now presents an existential threat. The Germans have even coined a word for it: ‘dunkelflaute’. If mass blackouts during freezing winter weather weren’t a threat to millions of lives, it would almost be comical. What’s occurred is the perfect example … Continue reading RE-Treat: Europe’s Repeated Wind & Solar Failures Force Renewable Energy Reversal

Biggest Losers: Thousands Sacked As Germany’s Wind Turbine Makers Face Financial Doom

Cut the subsidies to wind power and turbine makers soon fold. Siemens Gamesa has been axing hundreds of jobs in Europe and America as the wheels come off the renewable energy gravy train. Now, Vestas, Nordex and Enercon are also facing financial ruin, and for all the same reasons. Some of their travails are caused by the fact … Continue reading Biggest Losers: Thousands Sacked As Germany’s Wind Turbine Makers Face Financial Doom