Freefall: Wind Power Investment Collapses in EuropePosted: June 1, 2016
‘Unrealiables’ in freefall. Shock news.
“The reason is obvious: despite decades of promises that these technologies will soon be commercially viable, they still cannot compete in the market against conventional sources of electricity.”
In a ‘what goes around comes around’ kind of way, it’s fitting that the great wind power fraud is taking European ‘investors’ – of the Energreen mold – to the cleaners.
The subsidies have run out and, as night follows day, investors are racing to the exits – which brings the greatest Ponzi scheme of all time to an inevitable end. Here’s Andrew Follett with some more moaning from the wind industry, its parasites and spruikers.
Report details collapse of “Green energy” in Europe
The Daily Caller
10 May 2016
The amount of money flowing into European green energy from governments and the private sector collapsed from $132 billion in 2011 to $58 billion last year.
A report, published Tuesday by a British auditing firm, blames government cutbacks of subsidies and the failure of green energy to meet reliability and cost goals as a reason for declining investment. The cutbacks largely occurred…
View original post 375 more words