Powerful Headwinds For Wind Energy…”If Milk Were Subsidized As Much”, It Would Cost $50/Gallon!

via NoTricksZone
http://notrickszone.com

Germany’s online it.times.de here writes that wind turbine manufacturer Nordex has seen sales begin to drop off for the first time, signaling that the country’s days of growth in the wind industry are likely over: “Growth phase of wind turbine producers are over?”

After years of steady growth at Nordex, sales over the first quarter of 2017 have fallen compared to a year earlier, the site reports. Market analysts expect takeovers to occur as the industry consolidates under the harsher market conditions.

it.times.de writes:

Also on the results side things are not running so well for Nordex S.E.. Both the operative Cash-Flow and the Free Cash-Flow have not been able to keep up with the sales growth of the company.”

Nordex S.E. OCF margins have been falling for two years, and are now well under 5%.

Milk for 50 dollars a gallon!

Meanwhile subsidies for wind and solar energy have increasingly come under fire with one wind protest group director, who recently blasted their extravagance.

According to the kreisbote.de here, Reinhold Faulhaber, Chairman of nature protection group Initiative Landschaftsschutz Kempter Wald and Allgäu e.V. (ILKA), demanded an end to the crazy subsidies for wind turbines at a membership meeting, saying that they do not lead to any CO2 savings, damage nature and that they are horrifically expensive: