STRONG SELL, page-20

In fear of China – will the European wind energy industry repeat the fate of the continent’s makers of solar panels?


CEO of Siemens Gamesa Renewable Energy Jochen Eickholt put forward a thought-provoking opinion on Linkedin. Referring to the New York Times’ piece on the state of the European wind industry, he indicated that although people would think that the sector should be blooming in current circumstances, actually “it is not – and there many reasons for that.”
Among those reasons, head of one of the leading European turbine manufacturer, listed lack of the capital to develop, build and install wind turbines due to reported losses by the turbine makers. Eickholt noted that the industry won’t be able to address the ongoing energy crisis, if it loses its “competitive edge.” As a result, it could be not able to deliver CO2 reductions at the rate “needed to prevent climate catastrophe.”

Europe's EV battery industry will be dead before it starts, anybody with half a brain wouldn't invest money in an industry which will only lose money.