America’s Wind Industry Implodes: More Offshore Projects Scrapped
In the US the offshore wind industry is completely underwater, in every sense. The insane cost of attempting to (occasionally) generate electricity with no commercial value in hostile marine environments has finally caught up. Projects are being scrapped in the same way that punters rip up their betting slips when their long-shot nag fails to place.
Hubris is never far away when it comes to crony capitalists and rent-seekers promoting projects that were always too good to be true. That hubris worked a treat while gullible governments were merrily forking out endless streams of taxpayer’s money to prop up one of the greatest Ponzi schemes, of all time.
AND WHEN YOU ARE DONE GLOATING OVER THAT …THERE’S THIS
Grand Green Dream Goes Up In Smoke: Wind & Solar Industries Face Total Collapse