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Author Topic: Swedish Wind Farms Facing Bankruptcy  (Read 279 times)

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Offline rangerrebew

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Swedish Wind Farms Facing Bankruptcy
« on: March 17, 2024, 07:02:34 am »
Swedish Wind Farms Facing Bankruptcy
MARCH 17, 2024
tags: wind power
By Paul Homewood
 
From the Brussels Signal ;
 

Two Swedish economists have issued a warning that the country’s wind-power industry is on the brink of a wave of bankruptcies.

Christian Sandström and Christian Steinbeck analysed wind-power companies’ annual reports in Sweden and their work revealed “significant financial problems”, they told Swedish media outlet Kvartal on February 28.

“The total loss for the years 2017–2022 amounted to 13.5 billion Swedish krona [€1.2 billion], which meant a loss margin of 39 per cent,” they said about the sector.

Such heavy losses seem to be the rule rather than the exception for wind-power companies in Sweden, according to the annual reports.

https://notalotofpeopleknowthat.wordpress.com/2024/03/17/swedish-wind-farms-facing-bankruptcy/
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Offline rangerrebew

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Re: Swedish Wind Farms Facing Bankruptcy
« Reply #1 on: March 17, 2024, 07:03:18 am »
This certainly is unexpected. *****rollingeyes*****
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address
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