Europe’s wind turbine makers are in financial freefall; with subsidies slashed, demand for turbines has collapsed, input costs are soaring and their Chinese competitors are benefiting from their cheap and reliable supplies of coal-fired power. Oh, the irony!
The barely disguised panic in this article from ReCharge (one of Europe’s leading wind and solar propaganda outfits) suggests that Europe’s wind industry rent-seekers should be kept well away from sleeping pills and sharp objects, for the foreseeable future.
The nature of the wind industry’s implosion is spelt out in this quote from one of them: “the economics in the wind industry had been destroyed due to price pressures from competitive tenders coupled with a low visibility of wind capacity pipelines due to failed government policies.”
The “competitive tenders” are coming from China’s turbine makers, which enjoy power prices a fraction of those being suffered in Germany, thanks to an abundant supply…
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