It’s-A-Knockout: European Wind Industry’s Total Collapse: Firms Bankrupt & Thousands Sacked

The wholesale collapse of Europe’s wind industry suggests that so-called ‘sustainable’ energy ain’t so sustainable, after all. Big turbine manufacturers are sacking workers in droves, watching their share prices plummet and pulling out all stops to stave off bankruptcy. Accumulating hundreds of €millions in losses, turbine maker Senvion entered into self-administered bankruptcy/liquidation in April. Danish […]

Wind Turbines Totally Suck, When the Wind Really Blows & When It Doesn’t

**** When the wind is “the thing”, that’s supposed to be your business – when it’s what makes the revenue (or, rather a massive pile of taxpayer and power consumer subsidies) flow – it seems a bit rich for wind power outfits to start whining about there being too much or too little. **** But, […]

Australian Wind Industry Hits the Wall: Claiming “Uncertainty” the Big KILLER

**** Clean energy spending plunges on RET uncertainty The Australian Sarah-Jane Tasker 13 January 2015 NEW clean energy investment in Australia has dropped to its lowest level since 2009, falling 35 per cent to $4.6 billion, driven by un­certainty over the renewable energy target. A severe downturn in large-scale asset financing helped push the figure […]