‘The Supply Chain Does Not Exist’: Green Energy Industry Is In For A Rude Awakening

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Daily Caller

• Wind and solar companies have reported massive profit declines over the last year as clean energy prices have risen and new installations have been delayed thanks to supply chain shortfalls, market uncertainty and the Ukraine crisis.
• “One of the problems with this industry as a whole is that, since at its very foundation it is based on government subsidies and government mandates, its market value is never truly known,” said Daniel Turner, the executive director of Power the Future.
• “90% to 95% of the supply chain does not exist,” RJ Scaringe, CEO of electric vehicle maker Rivian, told reporters in April, according to The Wall Street Journal.

Renewable energy prices have skyrocketed while new wind and solar installations have plummeted over the last year, even as governments continue to forge ahead with ambitious climate plans