Wind Watch: Suzlon — Out of Wind

Facing recession Suzlon Energy’s net profits are declining fast amidst concerns of the company facing severe cash-flow problems.

When international crude oil prices were surging in recent years, India’s biggest wind power equipment manufacturer, Suzlon Energy, used to be a favourite with investors betting big on the future of clean wind energy amid growing climate change concerns.
However, the widening global credit crisis coupled with the falling global crude prices in recent months has led to a tightening financial squeeze for the wind power projects across the world as investors feel that the fight against climate change is going to take a backseat. This has further complicated things for Suzlon, which was already struggling to soothe industry skepticism about soundness of its turbine technology in view of growing cases of the company having to undertake wholesale replacement of equipment supplied in recent past.

KICKIN’ AND SCREAMIN’……….. » Blog Archive » GLOBAL WARMING NEWS YOU CAN USE

Note that after every “global warming” there was “global cooling.” Note also that in the past whenever it happened, mankind did not institute carbon credits or demand fireplaces use less coal or people plant more trees.

It just happened.

Can you say, “NORMAL WEATHER CYCLES?”

More Climate Change Lunacy (Only In California) : “7.62mm Justice” ™

It has nothing to do with the environment. It’s just about the money.