Siemens Gamesa, for example, saw its shares crater by 70% last summer, provoking intervention from the German government. By October of last year, Siemens was mulling over wind division factory closures. Offshore wind has suffered project cancellations up and down the American East Coast and various European countries. In August of 2023, another industry giant, Orsted, saw its stock plummet by a quarter after massive writedowns on US projects. Even worse, wind has been forced to surrender its status as a “cheap” power option. In practice, some wind farms have risen to prices as high as nuclear power plants (both in practice and theory), yet without dispatchability and possessing only a fraction of nuclear’s capacity factor.