Redundancies, Bankruptcies, Unrealistic Power Contracts: The Wind Industry Crisis Deepens

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

One of the great delusions of Labour’s green policy is that it will create a million new “well paid, unionised” jobs.

The reality in Germany is a bit different, as GWPF report:

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Eddie O’Connor, the founder of Airtricity and Mainstream Renewable Power, is one of the most notable entrepreneurs in the wind industry and is consequently regarded with awe. His personal success speaks for itself, and if he chances to add anything further, obiter dicta, people pay attention. Speaking at a Reuters conference, Offshore and Floating Wind Europe 2019, which was held in London on the 11th and 12th of November this year, Mr O’Connor seems to have dropped a bombshell. Reports claim that he shocked his audience by describing the wind sector as “on its knees” and in a state of “failure”, because “cut-throat” competition has driven contracted power prices to levels so low that…

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