… then they start to go bankrupt.
Sandström and Steinbeck have been pointing towards profitability problems in the wind sector for some time “despite suppliers benefiting from Government support through electricity certificates and being exempt from covering the entire expenses associated with grid adaptation for wind energy or the depreciation of properties near installations”.
Since the economists’ initial findings, Markbygden Ett, Sweden’s largest wind-farm installation with 179 turbines, is already facing bankruptcy, stacking up hundreds of millions of krona in debt.
The firm is not alone – many other alternative-power companies in Sweden are in trouble.
Sandström and Steinbeck pointed out that the sector as a whole has not made a profit in any year since 2017.
If you’ll recall, in Scotland a Spanish company was using diesel generators to run their windfarms in order to get the subsidies provided by the Scottish government.
The more these fail and are taken down, the better.
As Instapundit says: ‘Faster, please.’
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