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World's biggest wind turbine-maker says global downturn slashing demand http://apocadocs.com/s.pl?1232725388
The world's biggest wind turbine manufacturer Vestas says the current economic downturn has left it with 15 percent excess manufacturing capacity as demand for the technology falls short of projections. The news came as company works to restore its reputation following the discovery of fraud in its Spanish subsidiary.... "Six months ago everyone (in the investment community) said we were not doing enough to meet demand growing at an expected 40 percent this year. Now people are saying 'Why have you put in place plans for a 40 percent increase in capacity when growth levels are only going to be 25 percent?'," he explained.
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[Read more stories about:
stupid humans, capitalist greed]
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Harold says: "Greed is good -- except for the environment. Oh, and long-term survival."
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'Doc Michael says:
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The investment community's time horizon is that short and their perceptions that wrong? These are the Masters of the Universe?
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