The expansion of the global financial crisis over the last few years has revealed the irresponsibility of "development" dependent on cheap credit. One of them is also the promotion of green energy through any means, under the pretense of avoiding an imminent planetary disaster.
Developed countries as well as developing ones did not take too long before they started a race against the clock under the pressure of the powerful green lobby groups.
Researching climate trends has become a one way street, where the opponents' opinions have been constantly ridiculed and kept as far as possible from public debates.
Now that the subsidies available in Western Europe have been depleted, as former "champions" of Green Energy have close to sovereign default, and the sector of renewable energy is collapsing like a game of cards, dragging down tens of thousands of jobs with it.
The major players on this market have been forced to turn to the emerging markets, where the governments are doing everything to be liked by their "older brothers" in the West.
A series of articles in the international financial media show that Romania is like a "magnet" for the wind farms, due to its extremely generous subsidies program, significantly more so than the ones of France or Poland.
One of the main beneficiaries of the wind farm boom in Romania is Danish company Vestas Wind Systems A/S, the world's largest maker of wind turbines. It would seem that our "market" has remained their only hope to avoid a collapse, as orders coming from Western countries have plummeted.
Shares of Vestas fell on the Copenhagen Stock Exchange over 50% since the beginning of the year, and since the maximum recorded on June 2008, fell over 95% (see chart).
According to an article from MarketWatch, "the high level of debts and unsustainable production costs will force Vestas