Share Prices Plummet: Market Punishes Wind Power Outfits For Over-Blown Output Forecasts
We know how it works. Project developers want their project to fly and they will show only the most optimistic assumptions and forecasts, managers want their bonuses so they chip in, managers at banks and lenders companies want their bonuses as well so they work their own firm in order to swallow the fancy figures, politicians want to earn brownie points with the electorate so they want to projects to go forward at any price. And everyone looks away when it comes to the figures. The losers are the consumers and taxpayers that must straighten out those lopsided projects with lots of cash as those responsible will already be gone. We need ruthless transparency – if you spend public money, you should be on the hook for it.