The world’s wind turbine makers are bleeding cash; none of them are capable of turning a profit and all of them are facing financial ruin. General Electric’s renewables business blew a cool $2.2bn of shareholder value in 2022. Siemens Gamesa has axed hundreds of jobs in Europe and America. Vestas, Nordex and Enercon are also … Continue reading Crash Test Dummies: Wind Turbine Maker Siemens Suffers Massive Share Price Slump
Tag: wind power investment europe
Spain Puts its Economy Destroying Wind Industry to the Sword: ZERO MWs Installed in 2015
España launched into a subsidy-drenched, wind rush almost 20 years ago; for which it’s been lionized by wind-worshippers, worldwide. But its effort to conquer the wind and wallow in taxpayers’ (forced) largesse wasn’t confined to its own sunny climes. Like the Conquistadors of old, its wind power outfits launched off to all points, in search … Continue reading Spain Puts its Economy Destroying Wind Industry to the Sword: ZERO MWs Installed in 2015
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