Mounting Losses Mean Sweden’s Wind Industry Faces Total Financial Collapse

March 29, 2024/in /by Rudolf Huber

OK, now they go bankrupt. Who will assume responsibility for either maintaining those contraptions or decommissioning them? I am sure as I am writing here that no bond for decommissioning exists so they will either be left to rot adorning the landscape with rusty husks or they will be taken down at taxpayer cost once more. And still, they continue to claim that they are the cheapest form of energy ever. They can’t compete despite a mountain of subsidies and leave a rotten legacy behind. Will we stand up and hold their feet to the fire for it? I doubt that a lot.

Notwithstanding €billions in subsidies, Sweden’s embattled wind industry is on the brink of total financial collapse. The majority of Swedish wind power outfits are underwater, bleeding cash and ha…

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