Strictly for the birds
SPECTACULARLY POOR RETURNS
Newly released numbers from Germany, collected and analysed over several years, show what disappointed investors have long surmised: around half of wind parks are doing so poorly, investors will be lucky to get their initial investment back after the 20 years.
Investments in renewable energy that were supposed to deliver annual returns of up to 20% have been averaging around 2.25%. German renewable energy firm Prokon is in fact insolvent, and fears are mounting that Merkel’s green energy promise will never be able to meet expectations. In courts around the country, complaints are mounting from wind park investors who haven’t received a dividend disbursement in years, or whose parks went belly up. Continue reading