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 turbine manufacturing jobs
Wind Industry’s Major Meltdown: In 2022 GE, Vestas & Siemens Energy Lost $4.6 Billion
In 2022, GE’s renewables division scorched $2 billion, Vestas vaporized $1.68 billion and Siemens Energy said goodbye to $943.48 million. It seems that it’s only the hope that governments might throw a few more taxpayer’s $billions in their direction that keeps these outfits hanging on. While that might have been a sensible tack to take … Continue reading Wind Industry’s Major Meltdown: In 2022 GE, Vestas & Siemens Energy Lost $4.6 Billion
From Bad to Worse: Wind Industry’s Mounting Woes Down to Naturally Woeful Performance
The wind industry’s eventual implosion is inevitable and unavoidable, just like death and taxes. Start with the fact that these things can never deliver power as and when it’s needed, and you’ll begin to understand that the industry’s woeful performance sits at the heart of its current crop of mounting woes. Eventually all the loose … Continue reading From Bad to Worse: Wind Industry’s Mounting Woes Down to Naturally Woeful Performance
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
Biggest Losers: Thousands Sacked As Germany’s Wind Turbine Makers Face Financial Doom
Cut the subsidies to wind power and turbine makers soon fold. Siemens Gamesa has been axing hundreds of jobs in Europe and America as the wheels come off the renewable energy gravy train. Now, Vestas, Nordex and Enercon are also facing financial ruin, and for all the same reasons. Some of their travails are caused by the fact … Continue reading Biggest Losers: Thousands Sacked As Germany’s Wind Turbine Makers Face Financial Doom
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