Posted on 02/05/2023 6:27:06 AM PST by dynachrome
Global green energy company Siemens Gamesa reported Thursday that it had lost a staggering $967 million during the three-month period from between October to December.
The Germany-based company, which dubs itself as "the global leader in offshore power generation," noted the wind industry has faced various unfavorable pressures leading to negative growth in recent months and years, in its earnings report for the first quarter of fiscal year 2023 released Thursday morning. The company added that governments would need to further assist the industry to ensure future positive growth.
"The negative development in our service business underscores that we have much work ahead of us to stabilize our business and return to profitability," Siemens Gamesa CEO Jochen Eickholt said in a statement.
"The beginning of fiscal year 2023 saw a further increase in global wind demand prospects for the next ten years, but further governmental action is needed to close the gap between ambitious targets and actual installations," the company added in its release.
(Excerpt) Read more at foxnews.com ...
Green now means , SCAM
Who ever thought this industry does anything other than pillage taxpayer dollars to enrich themselves and their politicians?
Deutschland needs to fast track a buncha nukes.
2 billion in sales, 900 million in losses.... well if we could double the revenue.... 🧐
Seems Germans keep pouring money into intermittent projects,,,,,the wind doesn’t blow constantly....making wind energy a perfect scam,,,,blame Nature for the problems.
Siemens Gamesa needs a reasoned, thoughtful spokesperson who can articulate the case for throwing more good money after bad. Somebody with boatloads of credibility, like Al Gore.
Their green renewable energy = the old perpetual motion machine
Let’s see. 2025-Biden re-elected. SHTF in the stock market. FDR all over again. What’s to stop them?
Get woke.
Go broke.
“Further governmental action” is German for “bailout”.
The sudden losses are likely because they secretly use Russian natural gas to generate most of their electricity. That's much cheaper than fixing corroded offshore windmills. Solar operators likely do similar.
How can it be a green company when it’s so deep in red.
“Green now means , SCAM”
It has ever since it was concocted.
We need even more tax dollars to continue to blow wind up your ass.
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