Blowing in the Wind.
Decommissioning wind turbines at the end of their economic lifespan (which is around 10 to 15 years, not the 25 years touted by the wind industry) is one of those phenomenally expensive exercises that the wind power outfit itself will never willingly pay for.
Already past their use-by date, thousands of these things around the world have just been left as rusting monuments to ‘green’ energy stupidity.
The standard corporate structures used by wind power outfits involve a parent company, usually structured as a holding company – NextTerror Ltd, say – with a subsidiary that takes on the name of the wind farm – Mount Misery Pty Ltd. The subsidiary is lumbered with all the current debts and other liabilities, which are loaded up in such a way as to exceed its assets (as long as the wind farm is operating, the parent sees that sufficient cash flushes through the…
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