4 ms·

Sounds like GE is being taken to task by Vestas which is essentially a government backed private company.

bilbo0s 4y ago
Same thing happened in solar, so I'm not entirely sure why anyone is surprised by this? You can't compete against a nation state. Best you can do is have nation states agree to let you in on the action.
- boringg 4y ago
  Absolutely. The US unfortunately was too politically pigheaded to build manufacturing for solar and wind and continue to pay for it. Go thank your local GOP rep and global warming conspiracy theorist for handing out those jobs offshore.
  - jdhn 4y ago
    The US shouldn't be subsidizing those jobs. What should be happening is that tariffs should be slapped on companies like Vestas that are basically government backed companies in order to even the playing field.
    - cinntaile 4y ago
      Vestas is not a government backed company, see my other comment.
      - boringg 4y ago
        Go look at public policy in denmark to support vestas.
        cinntaile 4y ago
        If there is public policy support, it needs to exist for all manufacturers. Otherwise it's not legal in the EU.
    - missedthecue 4y ago
      Why? If the Danish taxpayer is going to subsidize my country's wind infrastructure, why should I stop them?
      - jimmydorry 4y ago
        You get short-term subsidised infrastructure at the cost of cutting off all future local R&D and local manufacturing capacity. For a small country, this is probably worth it. For a global behemoth? Probably not. Like all things in life, there are trade-offs, and allowing the decimation of local capability on what should be of national concern (energy security) was short-sighted at best.
  - pstuart 4y ago
    It's heartbreaking that alternative energy has been so horribly politicized -- we all win with its success.
vondur 4y ago
The Danish government I assume?
cinntaile 4y ago
Vestas is a public company and the Danish government isn't even in the top 10 shareholders... https://m.marketscreener.com/quote/stock/VESTAS-WIND-SYSTEMS-A-S-1413059/company/ https://m.marketscreener.com/quote/stock/VESTAS-WIND-SYSTEMS...
japanuspus 4y ago
As posted elsewhere, the Danish government has almost no financial stake in Vestas. If they did want to make Vestas their champion, they could make Ørsted, a global leader in offshore wind in which the government has a majority stake, buy Vestas turbines. As it is, Ørsted has historically only bought from Siemens and GE. In reality, Vestas is based and rooted in Jutland “far” from the capitol.

Same thing happened in solar, so I'm not entirely sure why anyone is surprised by this? You can't compete against a nation state. Best you can do is have nation states agree to let you in on the action.

boringg 4y ago
Absolutely. The US unfortunately was too politically pigheaded to build manufacturing for solar and wind and continue to pay for it. Go thank your local GOP rep and global warming conspiracy theorist for handing out those jobs offshore.
- jdhn 4y ago
  The US shouldn't be subsidizing those jobs. What should be happening is that tariffs should be slapped on companies like Vestas that are basically government backed companies in order to even the playing field.
  - cinntaile 4y ago
    Vestas is not a government backed company, see my other comment.
    - boringg 4y ago
      Go look at public policy in denmark to support vestas.
      - cinntaile 4y ago
        If there is public policy support, it needs to exist for all manufacturers. Otherwise it's not legal in the EU.
  - missedthecue 4y ago
    Why? If the Danish taxpayer is going to subsidize my country's wind infrastructure, why should I stop them?
    - jimmydorry 4y ago
      You get short-term subsidised infrastructure at the cost of cutting off all future local R&D and local manufacturing capacity. For a small country, this is probably worth it. For a global behemoth? Probably not. Like all things in life, there are trade-offs, and allowing the decimation of local capability on what should be of national concern (energy security) was short-sighted at best.
- pstuart 4y ago
  It's heartbreaking that alternative energy has been so horribly politicized -- we all win with its success.

vondur 4y ago

The Danish government I assume?

cinntaile 4y ago

Vestas is a public company and the Danish government isn't even in the top 10 shareholders... https://m.marketscreener.com/quote/stock/VESTAS-WIND-SYSTEMS-A-S-1413059/company/ https://m.marketscreener.com/quote/stock/VESTAS-WIND-SYSTEMS...

japanuspus 4y ago

As posted elsewhere, the Danish government has almost no financial stake in Vestas. If they did want to make Vestas their champion, they could make Ørsted, a global leader in offshore wind in which the government has a majority stake, buy Vestas turbines. As it is, Ørsted has historically only bought from Siemens and GE. In reality, Vestas is based and rooted in Jutland “far” from the capitol.