Windpower fading fast?
That means the German-Spanish company will shed more than a fifth of it 26,000 workers. This is the latest bad news slamming the green energy industry in Germany. Over the years Germany has seen almost every major solar panel and equipment manufacturer become insolvent.
Once ballyhooed as the sector for the future, German solar and and wind energy industry has taken huge hits. Germany’s last remaining major solar manufacturer, Bonn-based Solarworld, earlier this year announced it would fiel for bankruptcy. Solarworld’s demise was the last in a spectacular series of solar manufacturer bankruptcies that swept across Germany over the past years, with names like Solon, Solar Millenium and Q-Cells going under.
Now the bloodbath is expanding to the wind industry, a branch of green energy that looked far more feasible in…
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