The Siemens wind turbine plant in Tillsonburg, Ontario will close in 2018 axing 340 jobs, 206 of which are effective immediately. The company cites an inability to keep up with the competition, falling prices and rising costs as the reasons for the closure.
Recently, I told you about solar companies in the U.S. that couldn’t survive due to competition from China. In the end, they had to close after receiving millions in corporate welfare to help them stay afloat and now it’s happening to the wind industry.
Ontario should be a case study in green energy policy failures.
These failures come at a high price for the citizens of the province who are losing jobs and living in energy poverty all while businesses continue to struggle to stay competitive.
The added expenses tacked on from green energy policies make everything more costly and will result in grave consequences for the economy.
This should be a dire warning for the Alberta NDP, where less than one percent of electricity is being produced by wind power.
Instead, Rachel Notley and the NDP are already working to make energy more expensive by shutting down coal plants and making risky decisions on energy contracts.
We’re on the same path as Ontario where energy costs have doubled over the last decade as our politicians ignore the lessons to be learned from their failed attempts to subsidize an industry into prosperity.
It doesn’t take a politician to figure out what the result is when a government props up a business.