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Saturday, October 13, 2012

Green Energy Failures Continue Unabated

DANISH WIND TURBINE COMPANY THAT RECEIVED OVER $50 MILLION IN STIMULUS LAYS OFF 800 WORKERS

     This is yet another green energy company that received wasteful stimulus funds and does not even have anything to show for it. According to Reuters, Vestas, the wind turbine maker, saw its order intake go down by 24 percent during the first half of the year.
"The U.S. wind industry has slowed, largely due to the uncertainty surrounding the Federal Production Tax Credit extension," said Martha Wyrsch, head of Vestas-American Wind Technology, Inc. Vestas said without more tax credits and stimulus funds, the company will have trouble competing.

     The bad news just keeps on coming from the fantasy world of green energy miracles!