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
Tag: wind energy insolvency
More Wind Power Outfits Go Bust: “Farmer-Investors” Lose their Shirts in the US
**** In Australia, the wind industry is in total melt-down, with many of its "BIG" players on the brink of financial collapse. And the dreadful "uncertainty" about the willingness of governments to continue fleecing power consumers and taxpayers - in order to keep throwing massive subsidies at the greatest rort of all time (which, on … Continue reading More Wind Power Outfits Go Bust: “Farmer-Investors” Lose their Shirts in the US
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