More tax dollars blowing in the wind!
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 power subsidies, and the sudden realisation that the economics of wind power, even with massive subsidies, never stacks up.
In the States, General Electric’s wind turbine manufacturing unit booked a $US2.2 billion loss in 2022.
And, as Thomas Lifson outlines below, the worst is yet to come. Oh dear, how sad, never mind.
Wind power makers suffer huge losses, want to abandon major project
5 February 2023
The greenies’ dream of “clean” (except for millions of dead birds) energy from wind farms is dying in the face of the poor economics (even…
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