Rocketing Power Prices see Subsidies Slashed, Bringing Europe’s Wind Industry to its Knees




The Australian wind industry is copping a belting from all sides at the moment.

With the Senate Inquiry about to release its final report on the great wind power fraud; retailers flatly refusing to enter long-term Power Purchase Agreements – essential to obtain finance for new wind farms; and with an increasing number of farmers refusing to host these things and/or hell-bent on getting out of their contracts to do so, its parasites and spruikers have been reduced to making wild and unsubstantiated claims about the continued growth of wind power in European countries such as Germany, Denmark, Spain and the UK.

The only trouble with that story is the fact that all of them have slammed the bag on further subsidies; some of them have, in effect, set up moratoriums against any more new wind farms; and all of them are facing a furious backlash from…

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