Trouble in SWindlesville: Interesting slide from Siemens Gamesa, the 2nd world’s largest manufacturer of wind turbines. It reports that onshore turbine orders dropped 46.3% y-on-y in the last quarter. And the cost of those turbines (€ per MWh) went up 25% y-on-y
About the only ones keeping them afloat are the PepsiFurball,and Prancing PETricia.. Our poor children.
@ page 14
“The outcome of the periodic monitoring and technical failure assessment of the installed fleet with an upward trend on components’ failures rates driving higher expected maintenance costs and warranty provisions. Total impact of-€472m, of which -€187m through reduction of recognized revenue”
Well upward trend in component failure will only increase, given there is nothing to address the failures. If your product technically fails, it won’t buttress the optimistic “long term sales growth outlook”.
Where are the engineers to address the admitted “component failures” or is the plan to keep selling more crap?
Cheers
Hans Rupprecht, Commander in Chief
1st St Nicolaas Army
Army Group “True North”
There is always something to address mechanical failures, but awarding business to the lowest bidder always turns out for the best.
Well … the GOOD news is that Canada is their largest customer. Not to worry Minister of the exchequery Chrysalis Freeland will pony up another 25% in cost increases …
The MN Democrats (Democrat Farmer Labor – DFL) are passing a law tonight to require all electricity used in MN be renewable by 2040. By 2035, I expect to see people freezing in the dark in the winter, and otherwise suffer rolling and prolonged blackouts. Almost as bad? I expect to see electric energy costs to skyrocket often as the wind dies down for days at a time, and almost as bad, electricity prices collapse during periods of wind and sun. Imagine your electricity bill going up to $1,000 /month or more without any warning because there was no wind a couple days last month? The wind companies will be hutting too, as the majority of the time, they may have a glut because it is windy all over, and prices collapse, but no wind energy to sell when prices skyrocket. I can hardly wait.
Time to save up some money and put in a whole house generator. I wonder how they will screw up the Natural Gas System too?
Bird eaters losing money?
How tragic, it’s still never enough Payback
Finding out that they only have half the life they were supposed to have, about 12 years as opposed to 25 years before they are very expensive garbage, should be of concern as well. Of course just ignore the fact that the things cannot be built without mining, smelting, and massive inputs of coal, oil and gas.
Siemens-Gamesa, a massive gang green company requires massive amounts of green to avoid gangrene.
https://www.foxnews.com/politics/massive-green-energy-company-reports-1-billion-losses-calls-further-governmental-action
Posted by OJ, but I’m reposting here as it is relevant.
They’ve already saturated all the “good” wind locations in many jurisdictions. In Ontario all the viable on shore locations had been used up by 2008. Any new locations will be even lower in terms of output than the pathetic 20%-25% of nameplate they get from “good” locations.
Imagine getting an energy bill for “capacity”.
Orders go down, costs go up. They’re going to need more subsidies.