Meanwhile, a very strange paradox has emerged in the US wind energy market:
What I’m seeing is a colossal market failure.
Against the backdrop of growing economic problems in the United States, this green environmental movement is becoming more and more like a large-scale scam to develop budget funds for an initially economically unviable idea.
Share your opinion on this matter.
Quote
The wind energy market is stuck in this very strange paradox right now. We have the best long-term climate policy certainty ever, across all the largest markets, but we’re struggling through a period where the whole industry, particularly the supply chain, has been hit by issues that have culminated in destroying profit margins and running many of the top OEMs [original equipment manufacturers] and their component vendors into negative profitability territory.
Negative profitability territory is a more politically correct designation for the billion-dollar losses that the US wind power giants have been suffering for several years, despite the political importance of the climate change agenda and generous government subsidies in the campaign to eliminate dependence on fossil fuels. What I’m seeing is a colossal market failure.
Against the backdrop of growing economic problems in the United States, this green environmental movement is becoming more and more like a large-scale scam to develop budget funds for an initially economically unviable idea.
Share your opinion on this matter.
Obtaining energy from wind is one of the most fastidious branches of energy. Special wind conditions are needed in order for wind turbines to pay off and bring profit. And judging by this news, they didn't bring her either. And it worked only for the future, rather as an experiment. It seems to me that it is necessary to develop this direction, it is eco-friendly, but to strengthen supervision over the appropriation and sale of funds allocated by the state.
Because in any case, in the future it will be a profitable project.
