Victims of their own success, Europe’s wind turbine makers are being crushed by rocketing power prices – caused by reliance on intermittent wind and solar. Oh, the irony…
The staggering surge in European energy costs has rendered them unable to compete with Chinese manufacturers, whose operations benefit from abundant supplies of nuclear and coal-fired power. China’s rapid – and still surging industrialisation – wasn’t built on windmills and wishes, by the way.
One of the biggest, Siemens, has been particularly hard hit, with its wind turbine manufacturing unit dragging the company’s share price to the floor. Oh dear, how sad, never mind.
And, as you read on, note the candid response from Siemen’ boss, Christian Bruch to the petulant who believe that Germany should already be running exclusively on wind and solar – that Germany will remain dependent upon (mostly Russian) gas “over the next decades” which, he should have…
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Utopia, you are standing in it! 
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