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Germany begins dismantling wind farm for coal (euobserver.com)

submitted 1 year ago by lntl@lemmy.ml to c/worldnews@lemmy.ml

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German energy giant RWE has begun dismantling a wind farm to make way for a further expansion of an open-pit lignite coal mine in the western region of North Rhine Westphalia.

I thought renewables were cheaper than coal. How is this possible?

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[–] Fosheze@lemmy.world 1 points 1 year ago

I mean, that's probably actually it. Short term profits are all shareholders care about. We've seen that time and time again where businesses will absolutely mutilate themselves just so shareholders can enjoy a short term price spike. This is just a pump and dump but for the energy industry.