Danish Wind Turbine Company That Received Over $50 Million In Stimulus Lays Off 800 Workers
by Tony Lee
13 Oct 2012
A Danish wind turbine company whose subsidiaries received over $50 million in U.S. stimulus dollars announced on Friday it has cut more than 800 jobs in the United States and Canada this year and may be forced to lay off another 800 employees in North America.
This is yet another green energy company that received wasteful stimulus funds and does not even have anything to show for it.
According to Reuters, Vestas, the wind turbine maker, saw its order intake go down by 24 percent during the first half of the year.
Vestas said without more tax credits and stimulus funds, the company will have trouble competing.
Green Hype Fail! More US taxpayer $$ dumped into a non-US company, and now the $$ is flushed into the sewer. Wind and solar power have been sound and fury hypes amounting to nothing for decades. It isn’t likely to change in the coming half-century. It sure would be nice if the US government would see past the tissue-paper-thin everybody’s-doing-it hype and stopping dumping dollars down the sewer every 30 or 40 years!