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 in the past, with the implosion of Europe’s grand wind and solar ‘transition’ there appears to be little hope of countries like Germany, France and the UK indefinitely shelling out mountains of cash for costly and chaotically intermittent wind power.

Linnea Lueken takes a look at the financial misery that’s beset the wind industry’s biggest operators.

Right, OilPrice.com, Wind Power is Unprofitable
Climate Realism
Linnea Lueken
21 April 2023

A recent article at OilPrice.com explains how wind power is unprofitable, going into detail on some of the economic hurdles that industrial wind power development has…

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