Blowhards

Big Wind continues to go bust:

The energy company GE Vernova said on Friday that it would pare back its troubled offshore wind business, which has been hit with financial losses and accidents. The changes, which are aimed at coping with a difficult environment for the wind industry, could result in around 900 job losses. The company’s struggles are a blow to the offshore wind industry, which is a major source of electric power in northern Europe and is thought to have potential to supply large volumes of green energy to the East Coast of the United States. A substantial downsizing of GE Vernova would leave just two main western players, Siemens Gamesa of Germany and Vestas Wind Systems of Demark — a situation that could leave the industry short of construction capacity and could push equipment prices higher, raising consumers’ bills. .... ...The offshore-wind industry has grappled with inflation and supply chain disruptions, which have prompted project delays and cancellations. Multiple companies have taken billions of dollars in combined writedowns on US projects in the past year, and the prospect of Donald Trump, an avowed critic of wind power, winning the presidency has cast a shadow over the industry.

It's their own shadow they should be scared of...