Der Spiegel

Gone With the Wind: Weak Returns Cripple German Renewables
Der Spiegel

Investments in renewable energy were supposed to be a sure thing, with wind park operators promising annual returns of up to 20 percent. More often than not, however, such pledges have been illusory — and many investors have lost their principal to boot.

The result is sobering. On average, investors have received an annual return of just 2.5 percent. « Over the course of 10 years, that means a return of 25 percent, while according to the prospectus they were to have already seen returns of between 60 and 80 percent. »

Even if returns were to increase dramatically in the coming years — a possible result, for example, of funds paying down their debts — only wind parks in the best locations are likely to prove profitable. The picture becomes even worse once one digs into the details. A fifth of all wind parks for which more than 10 years of annual reports are available haven’t once paid their investors a dividend exceeding 2 percent of their investments.

Je vais répéter que l’Allemagne est un pays souvent cité en exemple par les enverdeurs québécois… Si l’éolien ça ne fonctionne pas là-bas, ça aucune chance de fonctionne ici.