3 ms·
...there are no profitable wind companies I'm not sure where you got your information from, but there are plenty of profitable wind companies. Since a lot of t
by haser_au 9y ago
...there are no profitable wind companies
I'm not sure where you got your information from, but there are plenty of profitable wind companies. Since a lot of them are publicly listed companies, they have an obligation to invest shareholder money responsibly to generate a profit. Additionally, many diversify their risk by being 'renewable energy' companies (e.g. solar, hydro, etc.)
These companies wouldn't be building wind turbines or operating wind farms if it wasn't profitable.
Example: Meridian Energy, 866 employees, NZD$2.37 billion revenue, $NZD185 million profit. Generates ~35% of electricity in New Zealand, with operations in Australia as well (3 wind farms)
https://en.wikipedia.org/wiki/Wind_power_in_Australia#Major_wind_power_companies https://en.wikipedia.org/wiki/Wind_power_in_Australia#Major_...
http://www.investopedia.com/investing/wind-stocks/ http://www.investopedia.com/investing/wind-stocks/