Siemens Energy’s wind turbine problems could cost 4.5 bln euros
By Paul Homewood
So much for “cheap wind power”!
BERLIN, Aug 23 (Reuters) – Siemens Energy’s (ENR1n.DE) problems at its onshore wind turbine business could cost the company up to 4.5 billion euros ($4.9 billion), Germany’s Manager Magazin reported on Wednesday citing unidentified sources.
Siemens Energy shocked markets in late June when it announced several problems at Siemens Gamesa, one of the world’s biggest wind turbine makers, just weeks after it fully acquired the business it had only partly owned.
Earlier this month, the company announced 2.2 billion euros in charges, including 1.6 billion euros to fix the onshore wind problems – short of analysts’ worst-case estimates but still casting doubt over whether it would keep the business.
According to Wednesday’s report, a special committee made up of CEO Christian Bruch and members of the board had conducted simulations showing the cost of the onshore problems could be almost three times as high as the amount set aside.
Shares in Siemens Energy briefly dropped in response to the report.
A spokesperson at Siemens Energy referred to the company’s Aug. 7 statement saying the cost of the onshore problems would amount to 1.6 billion euros.
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NOT A LOT OF PEOPLE KNOW THAT 
More Problems?
With the National Grid in a state of collapse, here’s a startling fact for the gullible:
Wind turbines do NOT produce any energy at all, FULL STOP.
The First law of Thermodynamics states that energy cannot be created or destroyed; it can only be converted from one form to another.
So called ‘renewables’ should more accurately be called energy collectors. They collect energy that already exists, in the form of wind or sunlight, and convert what little there is into electricity.
Therein lies the perpetual problem. If it is dark, still and cold, typical midwinter conditions, there is no energy to collect, thereby literally leaving us in the dark!
As we discovered recently, in still, frosty December, and again this January, wind ‘energy’ is a technological dead-end.
The intrinsically better sources have what is known as greater Energy Density.
For example, water is 800 times denser than air, so hydro is always going to give a much greater conversion capture than wind. Coal is intrinsically denser than wood, so much more thermodynamically efficient. A coal fire burns much hotter than wood.
Nuclear, working at atomic level wins the energy density stakes hands down.
The other hugely-damaging problem with parasitic ‘unreliables’ is their truly voracious material, maintenance, repair, replacement and land requirements.
At present, all the world’s energy plants occupy around 0.5% of the Earth’s surface. Trying to capture all our energy from solar and wind would require an astonishing 50% of the Earth’s surface!
This will leave virtually nowhere for farming, food production, forests, fishing, nature, wildlife habitats, recreation or us.
Before the planet is completely carpeted, and wrecked with ‘renewables’ it is high time the collective density of our deluded, ever-so-green, politicians realised this!
You outline the problem with renewables beautifully!
The rate at which good farming land in East Anglia is being bought for solar farms or windmills suggests that we will run out of food quite soo. Just like developers calling for us to abandon the Green Belt because it is cheaper to build on virgin land, so the solar farms want large flattish land so they grab farm land. Windmills are even more expensive to build at sea or on mountains so they also seek the best sites.
Farmers? Food comes from Tesco, doesn’t it?
Spot on.
There will be nowhere left for farming, food production, forests, fishing, nature, wildlife habitats, recreation or us.
Why ALL so-called ‘unreliables’ are wrecking the environment, rather than saving the planet is horrifyingly, and graphically shown here —
https://environmentalprogress.org/power-density-slide-deck
” But grandad,” my grandchildren say to me, “- the wind is free!”
Problem is catching the wind
And I would say to them, so is oil. It’s capturing and processing it that costs.
‘shares dropped briefly’
Just goes to show that there are a lot of idiot investors out there.
Only an lunatic or a fully paid for politician would advocate wind power as any sort of solution. But then in the first place, the solution wasn’t ever called for and because there is no problem. Lets have a vote on the green crap, now.
The useless things are falling over and bursting into flames all over the place – engineeringly incompetent power sources for a national grid, possibly ok on a canal boat or shed
More problems…
https://reitschuster.de/post/wissen-nicht-was-passieren-kann-wenn-wir-unzaehlige-windraeder-aufstellen/
https://climate.nasa.gov/news/728/texas-wind-farm-affects-land-temperature/
Can we sniff a bale out…..