Green Energy Job Loss Crisis: ‘wind blade market isn’t what it was’
GE Vernova unit LM Wind Power reportedly delivers downbeat assessment of market prospects as it lays ground for job cuts.
GE Vernova’s LM Wind Power subsidiary told employees the market for blades “simply isn’t what it used to be” and the race for larger turbines “has stopped” in a gloom-laden message accompanying news of planned job cuts.
The comments by management at Denmark-based LM Wind Power to workers in its home market came as it said two-thirds of its Danish work force are set to go, it was reported.
The blade maker’s staff were told, according to the Danish outlet:
- “The market for blades is simply not what it used to be. Customers have canceled orders and/or shifted volume to internal factories.”
- Customers will not pay prices that allow it “to operate a sustainable and profitable business”.
- “The technology race for larger turbines/blades has stopped.”
No further details were given about whether the final point refers specifically to LM and its parent group GE Vernova, or to the wider market.
Western manufacturers – including GE Vernova with its Haliade-X offshore turbine that has a maximum 250-metre rotor – have been notably cautious about further scaling up their machines. Chinese OEMs have, however, over the last two years announced a string of massive new models with rotors as large as 310 metres.
Tough year for blade maker
The company, which supplies GE Vernova and external customers, has also recently sold one of its factories in Poland to Vestas, where the latter will make its own onshore wind blades.
Former CEO Hanif Mashal left in September after several damaging self-inflicted missteps by LM Wind Power.
“However, consultation with local employee representatives remains ongoing and no final decisions will be taken until such time as this local process has come to an end.”
The spokesperson added: “In the event that any job actions are taken following this consultation, we will provide appropriate support to any potentially impacted employees as together we navigate through this difficult time.”
source www.rechargenews.com
Please Donate Below To Support Our Ongoing Work To Defend the Scientific Method
PRINCIPIA SCIENTIFIC INTERNATIONAL, legally registered in the UK as a company incorporated for charitable purposes. Head Office: 27 Old Gloucester Street, London WC1N 3AX.
very old white guy
| #
It is time to stop building the useless things. Then start tearing them all down and using the land for growing food.
Reply