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German Banks & Investors Banned From Investing In Off Shore Wind Farms

Stricter financial rules in Germany now mean that off shore wind farms can no longer be financed by banks

Germany is in a serious mess with its energy supplies, the German government was stupid enough to bow to the hysterical screams of the Green environmental lobby and shut down all its nuclear power stations.

The Greens rejoiced, prematurely as usual, that nasty bunny bothering reliable nuclear power was gone, Germany would be powered by the Green dream of solar and wind power, what could possibly go wrong?

All of it to be precise.

Just about all of the Green renewables dream has gone down the tubes, a glut of solar panels, cheaper competition from China and cuts in the life blood of renewables, Green taxation on energy bills have killed German solar, stone dead.

In the greed driven rush to grab the Green subsidies, the normally efficient and detail obsessed  Germans have built a massive wind farm off Heligoland without any means to connect the wind farm to their national grid.

Tighter fiscal rules in Germany have now killed the off shore wind farm: Read the rest of this entry