Heavily subsidised wind and solar and a bevy of associated rorts and scams attract plenty of spivs, chancers and outright crooks. South Australia became renowned as Australia’s wind power capital thanks to a bunch of shysters and ex-convicts from the USA who started the whole scam rolling: How a Band of Criminals, Shysters & Chancers … Continue reading Giant Ponzi Scam Busted: Renewable Energy Fraudster Trades ‘Green’ for Orange Prison Garb
Tag: wind farm Ponzi scheme
Climate Con-Job: You Know It’s a Ponzi Scheme When Pure Fantasy Has a Colossal Price
The wind industry is just the latest and largest in a long line of great Ponzi schemes, like the South-Sea Bubble and Dutch tulip mania. In the wind industry, the scam is all about pitching bogus projected returns (based on overblown wind “forecasts”) (see our posts here and here and here and here); claiming that wind turbines will run for 25 years, without the need … Continue reading Climate Con-Job: You Know It’s a Ponzi Scheme When Pure Fantasy Has a Colossal Price
Wind Power Investment Collapses in Sweden, Denmark, Finland & Norway
**** When the wind industry and its worshippers start chanting their mantras about the ‘wonders’ of wind, it isn’t long before they start preaching about the examples purportedly set by the Europeans; and, in particular, the Nordic nations. That the wind power fraud was driven by Denmark’s struggling turbine maker, Vestas probably has a fair … Continue reading Wind Power Investment Collapses in Sweden, Denmark, Finland & Norway
US Wind Power Outfits Curse ‘El Niño’ for Massive & Mounting Losses
**** 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 to “corporate investment classics”, like the South-Sea Bubble and Dutch tulip mania. In the … Continue reading US Wind Power Outfits Curse ‘El Niño’ for Massive & Mounting Losses
Wind Power Ponzi Scheme Implodes: IFM Investors Ditches Pac Hydro & Pac Hydro, AGL and RATCH Ditch Wind Farms
**** 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 … Continue reading Wind Power Ponzi Scheme Implodes: IFM Investors Ditches Pac Hydro & Pac Hydro, AGL and RATCH Ditch Wind Farms
2015: the Wind Industry’s ‘Annus Horribilis’; or Time to Sink the Boots In
**** Any 'business' model or industry that is built around endless streams of government mandated subsidies - like Australia's REC Tax/Subsidy or the US's Production Tax Credit - pins its hopes of long-term survival on the whims of our political betters, which tend to ebb and flow with the economics that dictate the fortunes of … Continue reading 2015: the Wind Industry’s ‘Annus Horribilis’; or Time to Sink the Boots In
Wind Power Outfits in Meltdown: Michigan Moratorium Kills Projects to Protect its People
**** County OKs temporary halt to wind turbines Huron Daily Tribune Chris Aldridge 3 April 2015 BAD AXE — New wind projects will not be allowed in a majority of Huron County for up to six months, according to a moratorium county commissioners approved Thursday. The moratorium applies to 16 county-zoned townships, where about … Continue reading Wind Power Outfits in Meltdown: Michigan Moratorium Kills Projects to Protect its People
Community Wind Farm Investors Losing their Shirts
**** As the wind industry Ponzi scheme unravels around the globe, it's so-called "community wind farms" that are taking a pounding. In the US, a bunch of farmers got fleeced for $millions as a wind power outfit running two small wind farms went belly up on the prairie (see our post here). STT has also … Continue reading Community Wind Farm Investors Losing their Shirts
The Wind Industry: You Know It’s a ‘Ponzi’ Scheme When its Targets Include Schools & Councils
**** 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 … Continue reading The Wind Industry: You Know It’s a ‘Ponzi’ Scheme When its Targets Include Schools & Councils
Pacific Hydro’s Ponzi Scheme Implodes: Wind Power Outfit Loses $700 Million of Mum & Dad Retirement Savings
**** 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, … Continue reading Pacific Hydro’s Ponzi Scheme Implodes: Wind Power Outfit Loses $700 Million of Mum & Dad Retirement Savings
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