Dead Man Walking: Global Wind Industry’s Prospects Have Never Looked So Bad

The wind industry’s glory days are long gone: investment has collapsed across Europe, turbine manufacturers are losing $billions and dozens of offshore projects have been scrapped in the last 12 months. Call us a tad cynical, but if you offer a product that can’t be delivered on demand (which, accordingly, has no commercial value) and … Continue reading Dead Man Walking: Global Wind Industry’s Prospects Have Never Looked So Bad

Wind Turbine Makers Demand Taxpayer Bailout For Mounting Billion-Dollar Losses

Wind turbine makers are bleeding cash, and several are terminal. Siemens Gamesa has been axing hundreds of jobs in Europe and America. Vestas, Nordex and Enercon are also on the ropes. The cause of all this corporate misery is down to a collapse in wind factory investment, which is down to a collapse in wind … Continue reading Wind Turbine Makers Demand Taxpayer Bailout For Mounting Billion-Dollar Losses

Subsidy Cuts Mean Wind Turbine Makers Face Miserable & Uncertain Future

The wind industry was built on lies and runs on subsidies; cut the subsidies and the whole thing collapses in a heartbeat. Wind turbine makers like Germany’s Siemens are having a rather miserable time of it, of late. Subsidies were already being wound back across Europe (and with it demand for these whirling wonders) when … Continue reading Subsidy Cuts Mean Wind Turbine Makers Face Miserable & Uncertain Future