Via P Gosselin
Germany Blackout News here reports that not only Germany’s energy supply is severely dwindling, but so is the country’s wind industry, reportedly “sliding into crisis”.
The outlook is also bleak for the German wind industry. P. Gosselin’s photo
Wind energy is expected to join and play a major role in providing energy to Germany when other sources are cut off. But that won’t go to plan either.
“Nordex is closing its factory in Rostock, Siemens Gamesa is deep in debt and in Vestas, the workforce is on strike,” reports power failure news.
The German government aims to solve the country’s huge energy problem by doubling wind energy production in the next decade or so, but wind parks are not being built and orders are in progress. “strongly depressed”, down “more than a third in a third of the quarter” at Siemens Gamesa year on year.
The result: thousands of jobs lost.
power failure news citing “record high raw material prices and supply chain problems” and low profitability. Companies like Nordex are closing factories in Germany and moving production abroad to places like China.
The lack of unplanned expansion of wind power combined with Russia’s massive shutdown of natural gas supplies is exacerbating the problems of the German government as it struggles to keep the country supplied. energy while arbitrarily promoting the electrification of transportation and the closure of nuclear and coal power plants.
“Siemens Gamesa lost almost a billion euros in the last financial year and revenue fell 4%,” according to Blackout News. “Vestas lost almost a billion euros, compared with a profit of 135 million euros a year earlier.”
Government reforms must “push turbine manufacturers into fierce competition” and the German market “has collapsed in recent years,” Blackout News added. “For market leaders Vestas, Siemens Gamesa, Nordex and Enercon, it is increasingly difficult to find financiers willing to invest in wind turbines.
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