Share Prices Plummet: Market Punishes Wind Power Outfits For Over-Blown Output Forecasts

STOP THESE THINGS

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
Bloomberg
Will Mathis and…

View original post 762 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s