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> The simple litmus test we should use is that there are no profitable wind companies. It's not very hard to run one - so if this article is accurate, where the
by simongray 9y ago
> The simple litmus test we should use is that there are no profitable wind companies. It's not very hard to run one - so if this article is accurate, where the hell are they?
"Vestas Rises to 9-Year High as Quarterly Profit Quadruples" (https://www.bloomberg.com/news/articles/2017-05-05/vestas-quarterly-profit-beats-estimates-maintains-2017-guidance https://www.bloomberg.com/news/articles/2017-05-05/vestas-qu...)
- jamez1 9y agoThey sell turbines, they don't run wind farms. Selling the equipment is very profitable because every purchase is hugely subsidized by the government. Their profit is tied to the volume of wind farms deployed, not the profit generated per MW of wind.