
the staff of the Ridgewood blog
Atlantic City NJ, thanks to supply chain blockages, the price of wind turbines has increased 40 percent over the last two years, and the industry is now saying it needs even more billions of tax dollars to survive.
Last week, shares of Orsted, the world’s largest offshore wind farm developer, crashed 25 percent after CEO Mads Nipper warned investors: “The situation in U.S. offshore wind is severe.”Orsted is ready to abandon US Wind Projects as it asks for Help, ‘We are still upholding a real option to walk away,’ CEO says.
The Biden Administration created a $380 billion taxpayer-financed Green New Deal slush fund for wind and solar. Remarkably, even with this tsunami of tax dollars, the industry is in big trouble.
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It’s a shakedown, plain and simple.
Europeans are sneaky business partners.
Yes.