The wind industry is built on lies and runs on subsidies, so it’s no surprise that the market has taken revenge on wind power outfits pitching up overblown output forecasts.
One of them, Orsted (part owned by the Danish government) has seen its share price slashed, as investors recognise that they’ve been had. The knock-on effect has seen the share price of Danish wind turbine maker, Vestas also take a substantial hit.
Vestas is already in dire financial straits, having recently determined to eliminate some 600 of its groovy ‘green’ jobs. Its rival Siemens Gamesa, has also been forced to wield the axe, sacking 600 workers in its Danish operations.
In a case of, ‘it couldn’t have happened to a nicer bunch of lads’, we’ll start with a lament from the renewable energy propaganda outfit, Bloomberg.
Offshore wind gets a warning from its biggest developer
Will Mathis and…
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