The truth about the great wind power fraud
Wind is an occasional ally in all sorts of recreational pursuits: sailing, kite surfing, puffing on a ready-to-burst dandelion and watching their parasol seeds drift skywards, and the childish delight of sending kites aloft. But it’s taken a special breed of Muppet to turn a source of sporadic fun into a ridiculously expensive, sometime source […]
And the trend continues…. WARNING: in considering the content of this post you may feel an overwhelming sense of schadenfreude. Gone with the wind: Nordic alternative energy turns stagnant Sputnik news 6 May 2016 Despite renewable energy sources being heavily hyped as a sustainable solution to humanity’s growing energy problem, actual support for the green power […]
**** Wind Farms Now Come With the Threat of Jail Bloomberg Business Jessica Shankleman 3 March 2016 Poland’s proposed rules may cost industry $38 million a year Legislation would apply to existing renewable plants One of Europe’s most promising markets for renewable energy is being threatened by legislation that would impose new fees and potential […]
**** The Spanish wind industry faces its coup de grâce for the very same reason that the wind industry is on the ropes in the UK, Germany, the US, here and elsewhere: either the massive subsidies that have driven the greatest fraud of all time have actually been cut; or there’s the inevitable prospect that […]
**** The wind industry in Australia – as elsewhere – is in its death throes. STT has likened it to the great corporate Ponzi schemes, pointing out, just once or twice, that the wind industry is little more than the most recent and elaborate effort to fleece gullible investors, in a list that dates back […]
**** The Australian wind industry is copping a belting from all sides at the moment. With the Senate Inquiry about to release its final report on the great wind power fraud; retailers flatly refusing to enter long-term Power Purchase Agreements – essential to obtain finance for new wind farms; and with an increasing number of […]
*** The wind industry is in meltdown around the globe, simply because investors have woken up to the monumental RISKS. Risks like: – turbines falling apart in less than 2 years; under pressure from voters, governments pulling the plug on the massive subsidies essential to keep the scam rolling; neighbours suing the operators to obtain […]
**** STT has pointed out just a few times that the wind industry is little more than the most recent and elaborate Ponzi scheme in a list that dates back to “corporate investment classics”, like the South-Sea Bubble and Dutch tulip mania. In the wind industry, the scam is all about pitching bogus projected returns […]
**** Pacific Hydro is a name synonymous with wind industry skulduggery in Australia: the merciless treatment of its victims at Cape Bridgewater has been added to the annals of Australian corporate infamy, right up there with Aussie asbestos pedlar, James Hardie (see our post here). Now, its slap-dash approach to management, and all-round corporate malfeasance, […]
**** Remember all that huff and puff put out over the last few months by the Clean Energy Council and near-bankrupt wind power outfit, Infigen about wind power becoming so cheap as to be competitive with coal and gas fired generators? You know, the fantastic tales about wind power causing a reduction in Australian retail […]
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