Wind Industry Seeks More Support As Costs Spiral Out Of Control ...Middle East

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Wind Industry Seeks More Support As Costs Spiral Out Of Control
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Back in June, the chief executive of Danish wind turbine major Ørsted said the British government needed to provide more financial support for the wind industry because of rising costs. Then, Siemens Gamesa, the wind power unit of Siemens Energy, began issuing warnings about its business performance due to failures in the wind turbines it produced. Last month, Swedish Vattenfall pulled out one of the biggest offshore wind projects in the UK. The utility cited soaring costs that made the project unviable. Higher costs, technology…

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