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.
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:
If the milk business were subsidized like wind turbines are by the EEG feed-in act, our farmers would be getting 11.30 euros for every liter!“
That translates to near 50 US dollars a gallon – for the farmer! Imagine the retail price.
This illustrates just how out of whack the whole renewable energy movement has become. Economic sense has long been thrown overboard.