Shares of American Superconductor Corp (NasdaqGS:AMSC – News) plunged 41 percent in pre-market trade on Wednesday, a day after the maker of electrical systems for wind farms said it expected to post a loss for the fourth quarter as its largest customer refused to accept ready shipments.
Late on Tuesday, AMSC said Sinovel Wind (Shanghai:601558.SS – News), which accounts for about 75 percent of AMSC’s revenue, refused to accept March shipments, due to the slowdown in China’s wind power market.
h/t Dave
Nest thing we know will be brand new wind turbines on eBay.
all that greenie stiff is really mold, not money.
Some tweet that twit Ignatieff about this.
Oops, that should have read someone tweet that twit Ignatieff.
Tweeting Twits has a poetic ring to it.
Are there any “eco-green” power projects out there that are viable without government handouts? The whole industry is hinged on the fact that somewhere down the line, there will be tax money to pay for it all. The castle of cards is going to come down soon. And hard.
Don’t get me wrong, I love new technology and there are places for alternate energy, like my sailboat or the cottage out in the back country. Just not in my back yard or my neighbour’s either if that means I have to cut down my trees for his solar panels to work.
At the end of 2009, wind power accounted for just over 5% of the total generating capacity in Alberta. However, wind power only generated .1% of all the electrical production in Alberta for that year! Yet money is still being poured into this amazing waste and blight upon the landscape!
While we piss away billions on windmills and subsidizing electric cars that aren’t much use in Canada,Volkswagen has developed a diesel powered single seat commuter car for the Chinese market that gets 258 mpg,top speed 74 mph.
Apparently they will have a two and four seat model ready to market in about two years.
The car sells for $600 U.S., but is only available in China.
http://www.youtube.com/watch?v=GshYgW0ufxY&feature=related
Wind generators: ahhhh, rent seeking at it’s finest. I’ve never heard of anyone putting one in unless there were hefty government subsidies for encouragement. Here in Michigan our experts have determined we need to retool industry for electric batteries and to start producing wind power. Call me a pessimist but what I see is one failure after another: of course all of them highly subsidized.
In other news from the rapidly developing Far East:
JEONJU (SOUTH KOREA): A transgender father of four was sentenced to a two-year jail term for abusing his children, who refused to call him “mom”, according to South Korea’s Yonhap news agency, citing a local court on Wednesday.
In other news from the rapidly developing Far East:
JEONJU (SOUTH KOREA): A transgender father of four was sentenced to a two-year jail term for abusing his children, who refused to call him “mom”, according to South Korea’s Yonhap news agency, citing a local court on Wednesday.
IN an ideal Canada the old Soviet crime of “wrecking” would be revived and applied to greens.
To quote the Wikipedia article, “Wrecking (Soviet crime)”, “as applied in practice,
‘wrecking’ and ‘sabotage’ could refer to any actions which could be broadly construed
to negatively impact the economy in some way, including failing to meet economic targets,
causing poor morale among subordinates, lack of effort, or alleged or real incompetence.
Thus, it referred to economic or industrial sabotage only in the very broadest sense.”
The article has a wonderful image of an early Green, who actually IS green.
And Toronto Public Housing orders solar panels for housing for our poor from China! (see http://www.mapleleafweb.com/forums//index.php?showtopic=18147)
Of course the Chinese could care less about green energy and don’t use the solar panels themselves, instead they do the smart thing and sell the panels to us — after stealing the solar technology from us in the first place — and provide jobs for their workers in the manufacturing sector instead.
Adding insult to injury the expensive Chinese solar panels are ordered for Toronto public housing where our unemployed poor live because our manufacturing jobs were sent overseas to places like China!
I have no problem with smacking down the whole wind turbine house of cards.
I DO however have a HUGE problem with this CHINESE proclivity for walking away from contracts, with seeming impunity!
I have a picture of a cable that connects the USB port to the Power in jack for a laptop computer to (supposedly)charge the laptop batteries.
I have a friend who wants to know why the samething would not work for an electric car. So it no wonder that people accept whatever green technology that is prposed by Professor Iggy, Professor Michael Moore, Professor David Suzuki or Professor Al Gore.
The Chinese don’t use solar panels either, instead they steal the technology from us, manufacture it in China, then sell it back to us for big profits. And Toronto Public housing was buying the solar panels from the Chinese for housing for poor people and the unemployed (see http://www.mapleleafweb.com/forums//index.php?showtopic=18147). The reason they are poor and unemployed? Because we do our manufacturing in places like communist China, because our own Commie Left labour unions have priced us out of the market!
He who sups with the devil should have a long spoon.
Official: wind farms are totally useless
http://www.jmt.org/news.asp?s=2&nid=JMT-N10561
At the end of the period studied, the connected capacity of wind power was over 2500MW so the expectation is that the wind network will produce, on average, 750MW of energy. In fact, it’s delivering far less than everyone’s expectations. The total wind capacity metered now is 3226MW but at 3a.m. on Monday 28th March, the total output was 9MW.”
” for numerous extended periods of time ALL the wind turbines in Scotland linked to the National Grid muster less than 20MW of energy – that’s enough power for a mere 6,667 households to boil their kettles for a cup of tea.”
DaninVan, it’s called purchasing power. They do it because they can.
Your province was victimized by this once before. During the 1980s, the Japanese went all over the world talking up the future need for metallurgical coal. Once one of Canada’s largest mining companies, Denison bit on the bait. They started up a huge coal operation in NE BC. Naturally what the Japanese had done was encourage a huge oversupply, prices tanked and they simply walked away from whatever supply contracts had become inconvenient because of how much the spot market had dropped.
Denison was ruined permanently.
The Romans had a motto, Caveat emptor. The same thing also applies to sellers.
cgh; excellent recall! I’d forgotten that debacle.