The very short synopsis: they want more taxpayer (free) money.
...The big players in constructing wind turbines are facing massive losses and write-downs and cancelling big offshore wind projects. Brace yourself for demands for even more subsides to the failing industry.
The green energy subsidiary of German electrical equipment giant Siemens just reported Thursday that it lost nearly a billion dollars in the last quarter...
A billion in one quarter! Wow.
That's not all. At GE:
…The company’s renewable energy business has been facing challenges due to inflation and supply chain pressures. The unit reported a loss of $2.2 billion in 2022.
GE is reducing global headcount at the onshore wind unit by about 20% as part of a plan to restructure and resize the business....
Well, hell; GE's losing money at only 25% of the rate Siemens is. That's good, ain'a??
Apparently these devices are failing, which means warranty costs. In addition, the market has turned south.
That's why they'll be sending their $1,000/hour lobbyists into Congress with free tix for "Commanders" games and a lot of boozy parties.
They want more of your money, honey. They'll disguise that as 'more green regulation' or 'tax credits' of course, because you might become spicy if you see checks written directly to these thieves.
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