“Global green energy company Siemens Gamesa reported Thursday that it had lost a staggering $967 million during the three-month period from between October to December. The Germany-based company, which dubs itself as “the global leader in offshore power generation,” noted the wind industry has faced various unfavorable pressures leading to negative growth in recent months and years, in its earnings report for the first quarter of fiscal year 2023 released Thursday morning. The company added that governments would need to further assist the industry to ensure future positive growth.”
Some get rich. Some loose out. But it’s Green!
I’m sure Minnesota would be happy to raise taxes to help out Siemens and others to save us from that scary CO2. link below. Governor Walz signs bill to make Minnesota carbon-free by 2040
fox9.com/news/walz-signs-bill-to-make-minnesota-carbon-free-by-2040
They can’t make a profit even with all the massive government subsidies, must buy laws and minimum price laws. They can’t make a profit without massive government help on a massive scale and they never will.
GOOD
How dare fossil fuel’s make money when the more economic renewables energy is losing money!
I notice Siemens keeps this windmill company at arms length.
Good call.