Green Companies Destroying Wealth And Jobs

Germany’s Green Disaster: Wave Of Solar Bankruptcies Wipes Off Almost 25 Billion Euros

Thursday, 12 July 2012 09:48 Jörg Hackhausen, Handelsblatt

The wave of bankruptcies in the solar industry continues unabated – and once again, investors lose a lot of money.

Meanwhile, Germany’s large solar companies have lost almost 25 billion Euros on the stock market.

Yet again another failure of a solar company: the solar system builder Centrotherm has made the application for insolvency on Wednesday. “We are not insolvent,” laboured a spokeswoman for damage control. The share price collapsed by 80 percent to 0.42 Euros.

Germany’s Green Disaster: Wave Of Solar Bankruptcies Wipes Off Almost 25 Billion Euros

h/t to Dave G

About stevengoddard

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4 Responses to Green Companies Destroying Wealth And Jobs

  1. tckev says:

    Destroying Wealth And Jobs.
    Composting dreams of a successful independent future.

  2. scizzorbill says:

    “We are not insolvent”. Reminds me of Nixon when he said “I am not a crook”.

  3. John B., M.D. says:

    Not to mention the job outsourcing Obama did with taxpayer money – over 50% of the stimulus funds for wind turbines and Cash-for-Clunkers went to foreign countries. (There’s more, but I don’t know the specifics off the top of my head, and only want to write what I know as facts.)

    • Eric Barnes says:

      One of the huge economic advantages the US has (or had) is that our infrastructure was modern and had not been destroyed in the world wars. Now the green nutcases want to send us back to the stone ages to save habitat for flora, fauna and green lunatics who abhor work and loathe the human race.
      The leaders of this country have the intellect of college aged dope smokers who think they can fix all the problems of the world because they’ve played lots of sim city.

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