Last Wednesday Seva Energie AG, located at the north German Ecopark in Emstek, announced insolvency. According to company 160 employees are affected. The news is the latest blow to the German renewable energy sector, which has seen a long string of similar insolvencies due to reduced subsidies and strong competition from abroad.
Seva Energie is specialized in thermal power stations, biogas and fuels.
The north German daily Münsterländische Tageszeitung here writes that the company is a “victim of the changed feed-in act conditions“. Especially hard hit was the company’s biogas systems area, which earlier had been massively supported through government subsidies for the growth of biofuel crops.
Seva Energie’s homepage motto:
SEVA Energie AG: We take responsibility for the next generation!
SEVA ENERGIE AG are focusing on the domain of regenerative energy and, by doing so, take on responsibility for those generations to come. With our technology, we would like to make a contribution towards a considerate treatment of resources which are available on our planet and towards the generating of energy without inflicting harm on the environment.”
That may be all fine and good, but perhaps policymakers and managers ought to first begin by taking responsibility for today’s generation – by promoting sustainable jobs that can survive without subsidies.
According to the mission statement, the company was founded in 1982 having recognized “anticipated scarcity of fossil fuels” and…”the enormous potential in the utilisation of regenerative energies.”
Unfortunately that potential was one merely fabricated by exorbitant, non-sustainable government subsidies – based on the junk science of global warming. Now 160 workers are facing uncertain futures, joining thousands of other victims of the German renewable energy illusion.